What is Ethereum?

Ethereum was first introduced in 2013 and then later launched in 2015. Ethereum is a cryptocurrency also called as Ether and is the most popular and commonly used cryptocurrency after Bitcoin. Just like every other cryptocurrency, Ethereum works on the basis of a blockchain network. Ethereum is a decentralized program, which means that once the program has been created you will have no control over it even if you created that program and it has thousands of independent computers running it.

One of the most common use of Ethereum is the creation, buying and selling of NFTs (Non-Fungible Tokens). Other than that, Ethereum can be used as a mode of digital transactions as well as to store value.

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