ETH is the abbreviation for Ethereum, which is a decentralized and open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). Ethereum was created in 2014 by Vitalik Buterin, and it is the second-largest cryptocurrency by market capitalization.
Ethereum is based on a blockchain technology that allows developers to build and deploy decentralized applications. These applications are built on smart contracts, which are self-executing contracts with the terms of the agreement between the parties being written directly into lines of code.
Ethereum has its own cryptocurrency, called Ether (ETH), which is used to power the Ethereum network and to compensate participants for their contributions to the network. Ether is traded on cryptocurrency exchanges and can be used as a store of value, a means of exchange, and a unit of account.
Ethereum has a large and active developer community, and it has been widely adopted by businesses and organizations around the world as a platform for creating decentralized applications and conducting secure and transparent transactions.
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