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Ethereum and EVM

Ethereum is a decentralized platform that enables smart contracts and decentralized applications (dApps). The Ethereum Virtual Machine (EVM) is the runtime environment for executing smart contracts on Ethereum and compatible blockchains.

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Key Concepts

  • Ethereum: A blockchain for programmable money and applications.
  • EVM: Executes code exactly as programmed, without downtime or censorship.
  • Gas: The unit that measures computational effort in Ethereum.
Ethereum is a cornerstone of the Web3 ecosystem.