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Ethereum’s mission is to serve as a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). By leveraging blockchain technology, Ethereum aims to create a more open, secure, and censorship-resistant financial and technological ecosystem. Its vision is to decentralize various industries, reduce reliance on intermediaries, and foster innovation by providing a platform where anyone can create decentralized solutions that are transparent, trustless, and globally accessible​

What is Ethereum?

Ethereum is a decentralized platform that enables developers to build and deploy decentralized applications (dApps) using blockchain technology. It powers the cryptocurrency ether (ETH) and supports various applications like decentralized finance (DeFi) and non-fungible tokens (NFTs).

How does Ethereum work?

Ethereum operates on its own decentralized, public blockchain. It initially used a Proof of Work consensus mechanism but has since transitioned to Proof of Stake, which is more energy-efficient. Ethereum is also known for its smart contract functionality, which allows developers to automate processes and create dApps.

What are the potential use cases for Ethereum?

Ethereum has a wide range of use cases, including decentralized finance (DeFi), NFTs, digital identity management, and supply chain tracking. Its platform supports applications in finance, gaming, digital art, and numerous other sectors, making it versatile in both personal and enterprise contexts.

What is the history of Ethereum?

Ethereum was conceived in 2013 by Vitalik Buterin and co-founded by Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin. The Ethereum blockchain launched in 2015 and has since undergone several major upgrades, including the shift from Proof of Work to Proof of Stake. Ethereum has grown into one of the largest and most influential blockchain platforms.

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