Articles on: Getting Started

What is Ethereum?

What is Ethereum?

Ethereum is the world’s largest decentralized blockchain network, that’s open-source and has smart contracts functionality enabled. Ethereum is like a global computer that runs programs, called "smart contracts," on the internet. These smart contracts can execute actions automatically when certain conditions are met, and the whole system is powered by a digital currency called Ether. It's not controlled by any single entity and is designed to enable decentralized applications and transactions. Think of it as a decentralized supercomputer that allows people to create and use applications without relying on a central authority.

Ethereum is community-built and open to everyone—no matter your background or location—and all you need to participate is a wallet (like Sequence) to act as your gateway to the network.

Welcome to Web3, the next generation of the Internet.

Updated on: 30/01/2024

Was this article helpful?

Share your feedback


Thank you!