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Ethereum, first proposed by Vitalik Buterin in 2013 and launched in 2015, is a decentralized, open-source blockchain that introduced the world to smart contracts. These self-executing contracts automate transactions and processes, expanding blockchain's utility far beyond simple asset transfers.
Ethereum is a decentralized network that enables developers to build and deploy smart contracts and decentralized apps. Unlike Bitcoin, which primarily focuses on peer-to-peer digital currency, Ethereum aims to serve as a global, decentralized computer and tokenization platform.
The Ethereum Virtual Machine (EVM) is the engine that executes smart contracts on Ethereum. It ensures that every contract runs the same way on every node, maintaining consistency across the network.
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