Cryptocurrency Q&A What is Ethereum in simple words?

What is Ethereum in simple words?

SsangyongSpiritedStrengthCourageBravery SsangyongSpiritedStrengthCourageBravery Tue Jan 07 2025 | 7 answers 1808
I'm trying to understand Ethereum, but I'm not very familiar with complex technical jargon. Can someone explain what Ethereum is in simple, easy-to-understand terms? What is Ethereum in simple words?

7 answers

Nicola Nicola Thu Jan 09 2025
Ethereum is recognized as a decentralized blockchain platform.

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DavidLee DavidLee Thu Jan 09 2025
It creates a peer-to-peer network that facilitates secure operations.

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EnchantedSky EnchantedSky Thu Jan 09 2025
This network executes and verifies application code.

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Stefano Stefano Thu Jan 09 2025
The application code on Ethereum is known as smart contracts.

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Martino Martino Wed Jan 08 2025
Smart contracts enable transactions between participants.

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