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Ethereum is a decentralized, open-source blockchain platform that enables the creation and execution of Ethereum blockchain smart contracts and decentralized applications (dApps). Launched in 2015 by Vitalik Buterin and a team of developers, Ethereum introduced a groundbreaking innovation: a programmable blockchain that goes beyond simple transactions. It employs a decentralized virtual machine called the Ethereum Virtual Machine (EVM), which executes code globally in a trustless manner. Transactions and smart contracts on the Ethereum network are powered by Ether (ETH), its native cryptocurrency. Ethereum has pioneered innovations like decentralized finance (DeFi) and non-fungible tokens (NFTs), reshaping industries by offering transparency, immutability, and programmable functionalities.

Web3 ecosystem represents the next evolution of the internet, focusing on decentralization and user empowerment through blockchain technology. Ethereum is at the core of the Web3 movement, providing the infrastructure for decentralized apps, digital identities, and decentralized autonomous organizations (DAOs). Web3 applications on Ethereum use wallets like MetaMask to allow users to interact directly with the blockchain, bypassing traditional intermediaries. Through Ethereum’s support of smart contracts, Web3 enables trustless interactions, ownership of digital assets, and control over personal data. This transformative ecosystem is driving a shift from centralized control to a user-centric model, fostering innovation across finance, art, gaming, and beyond.