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Ethereum is a decentralized blockchain platform that lets people build and use applications without relying on a central authority. It was proposed by Vitalik Buterin in 2013 and launched in 2015.
Key points:
Native cryptocurrency: Ether (ETH).
Smart contracts: Programs that automatically execute when conditions are met.
Decentralized applications (dApps): Apps that run on Ethereum instead of a central server.
Uses: Payments, decentralized finance (DeFi), NFTs, blockchain games, and many other blockchain-based services.
Consensus: Ethereum now uses Proof of Stake (PoS), which is more energy-efficient than its previous Proof of Work system.
In simple terms, Bitcoin is mainly designed as digital money, while Ethereum is designed as a platform for building decentralized applications using smart contracts.