What is the best way to explain ethereum to beginners?

3 answers

• GURUPRASATH M CCEJun 17, 2021 · 4 years ago
  Ethereum is a decentralized blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). It's like a global computer that runs on a network of computers around the world. Ethereum's native cryptocurrency is called Ether (ETH), which is used to pay for transactions and computational services on the network. Think of it as digital fuel for the Ethereum network. With ethereum, you can create and execute programmable contracts without the need for intermediaries or centralized authorities. It's a revolutionary technology that has the potential to disrupt various industries, including finance, supply chain, and gaming. In simpler terms, you can think of ethereum as a platform that allows people to create and use applications that run on the blockchain. It's similar to how you use apps on your smartphone, but instead of being controlled by a single company or organization, these apps are decentralized and operate on a network of computers. Ethereum provides a secure and transparent way to interact with these applications, making it a powerful tool for innovation and collaboration.
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• JonathanvOct 16, 2021 · 4 years ago
  Imagine ethereum as a digital playground where developers can build all sorts of cool things. It's like a sandbox for creating decentralized applications and smart contracts. Ethereum's blockchain is the foundation that supports these creations. It's a secure and transparent network that ensures everyone plays by the rules. Ethereum's native cryptocurrency, Ether, is the currency used within this digital playground. It's the fuel that powers the applications and transactions on the network. So, when you hear people talking about ethereum, they're usually referring to this playground and all the exciting things happening on it. It's a world of endless possibilities and innovation!
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• Do NhanJul 20, 2020 · 5 years ago
  Ethereum is a game-changer in the world of cryptocurrencies. It's not just a digital currency like Bitcoin, but a whole platform that allows developers to build decentralized applications. With ethereum, you can think of it as a programmable blockchain. It's like a blank canvas where developers can create their own rules and applications. This opens up a world of possibilities for creating decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and much more. Ethereum's native cryptocurrency, Ether, is used to power these applications and pay for transactions. So, if you're interested in exploring the world of cryptocurrencies beyond just buying and selling, ethereum is definitely worth diving into. It's a fascinating technology with immense potential.
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