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Youâve heard of Ethereum. Maybe even traded ETH.
But did you know itâs way more than âBitcoinâs little brotherâ? Letâs explore đ
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đ What Is Ethereum?
Ethereum is a blockchain platform that allows developers to build apps that run without middlemen.
At the heart of it is ETH (Ether)âits native cryptocurrency, used to power the network.
Think of Ethereum as a decentralized computer used to run smart contracts, NFTs, DeFi apps, and much more.
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đ§ Smart Contracts = Digital Agreements
These are self-executing codes that run when certain conditions are met.
đ No lawyers.
đ„ No servers.
đ No trust issues.
From trading and lending to gaming and digital artâEthereum makes it possible.
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đ Why Ethereum Still Dominates (Even in 2025):
đ Upgraded to Proof-of-Stake â energy-efficient
𧱠Layer 2s like Arbitrum, zkSync = lower gas fees
đŒ Institutions are exploring tokenized assets on Ethereum
đ Dominates NFTs, DeFi, and decentralized identity
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â ïž What To Watch Out For
Gas fees still spike during network congestion
Strong competition from Solana, Avalanche & others
Regulatory debates around ETH as a security
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In short: Ethereum is the backbone of Web3âand itâs just getting started.
đNext in the series: âWhat Is Blockchain? The Technology Behind Cryptoâ
Follow me here on Binance Square!
#Ethereum #ETH #Web3 #SmartContracts #DeFi #CryptoEduc
ation #BinanceSquare
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