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Ethereum: A Decentralized Platform for Smart Contracts and Decentralized Apps

Ethereum is a decentralized platform that enables the creation of smart contracts and decentralized applications (dApps). Unlike Bitcoin, which primarily focuses on digital money transfers, Ethereum allows for more complex transactions and applications. At its core, Ethereum is a giant computer that runs on the internet, ensuring secure and transparent operations.

Smart contracts are the foundation of Ethereum's functionality. These self-executing contracts rely on consensus across a global network, ensuring immutability and censorship resistance. Developers write smart contracts in Solidity, compile them to bytecode, and then deploy them to the Ethereum Virtual Machine (EVM).

Ethereum has sparked an ecosystem of decentralized finance, non-fungible tokens, and more. Its flexibility enables complex decentralized applications, decentralized finance protocols, and non-fungible tokens.

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Source: https://dev.to/mcsee/explain-in-5-levels-of-difficulty-ethereum-1ee0