Ethereum is an open-source, decentralized blockchain platform for building and using applications that operate without relying on a single central authority. It supports smart contracts, which are programs that execute on the blockchain, enabling developers to create decentralized applications for finance, digital ownership, gaming, identity, payments, and online communities. Its native cryptocurrency, Ether (ETH), is used to pay transaction fees and help secure the network through staking. Ethereum provides developers with tools, documentation, and an extensive ecosystem of protocols and services for building Web3 products. Users can connect through compatible digital wallets to manage assets, interact with decentralized applications, and participate in blockchain-based services.
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