What is Ethereum ?

Ethereum is a decentralized blockchain platform that enables developers to write and execute decentralized applications, also known as DApps. The Ethereum network also operates the Ethereum digital currency. Decentralized applications have diverse use cases, including financial matters, cloud computing, messaging, and distributed governance. However, Ethereum's primary function is for creating and executing smart contracts.

Using the Ethereum network, individuals can create smart contracts and, upon meeting specific conditions, the network automatically executes the transaction. For instance, the Ethereum network can be used to pay monthly rent or an employee's salary. In such a scenario, conditions are set so that a recurring amount is transferred from one party to another on a specified date

Funds are automatically sent on the agreed-upon date as per the contract if the conditions are met. The entire process is verified on the Ethereum blockchain

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