Ethereum, launched in 2015 by Vitalik Buterin and a team of developers, revolutionized blockchain technology by introducing smart contracts and decentralized applications (DApps). Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, serving as both a fuel for executing smart contracts and a medium of exchange within the Ethereum ecosystem. ETH is used to pay for transaction fees and computational services on the Ethereum network, enabling developers to deploy decentralized applications (DApps) and execute complex smart contracts. As the second-largest cryptocurrency by market capitalization, ETH plays a pivotal role in the growth of decentralized finance (DeFi), non-fungible tokens (NFTs), and other innovative projects built on the Ethereum platform.
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