Ethereum: Smart Contracts and Decentralized Blockchain Technology

Ethereum: Smart Contracts and Decentralized Blockchain Technology

Ethereum is a decentralized platform for developing smart contracts and decentralized applications (DApps), created in 2015 by "Vitalik Buterin" and a group of developers. It is considered the second most famous digital currency after Bitcoin, offering a unique programming solution through smart contracts.

Ethereum's technology enables developers to create decentralized applications that interact with the code without the need for intermediaries or central authorities. One of the most notable innovations in the Ethereum network is the ability to create digital tokens for specific applications using the ERC-20 standard.

In addition to smart contracts, Ethereum is working on an upgrade to Ethereum 2.0, which promises significant improvements, including wider compatibility and network scalability.