What is Ethereum?

May 10, 2021 1 min read

Ethereum is a cryptocurrency network that was launched in 2015. Its currency is known as Ether (ETH), and much like Bitcoin, started off with a Proof of Work consensus algorithm. Ethereum has rapidly gained adoption across the globe, and is the largest platform today to host decentralised applications. It is also the home of the most developer activity in the space. The most distinct characteristics of the Ethereum network are its proposed Proof of Stake consensus algorithm, and its ability to host smart contracts.

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