In a 2014 whitepaper, Vitalik Buterin presented Ethereum to the world. He and Joe Lubin co-founded the Ethereum blockchain a year later. The open-source, decentralized blockchain is well recognized for its smart contract features, which led to its adoption among NFTs. To recap, a blockchain is a digitally distributed ledger that makes it easier to record transactions and information across a network. While there are several blockchains, Ethereum’s distinguishing characteristic is that it was designed to host applications. In a 2018 interview, Buterin discussed the topic and stated that “this idea of a blockchain with a built-in programming language as…what I thought was the easiest and… most logical way to create a platform that can support many more different apps”. The initial limitation of Bitcoin that he encountered motivated him to develop a solution that would enhance the capabilities of the current blockchain technology. The highest volume of NFTs is found in Ethereum, which is currently the second-largest cryptocurrency by market capitalization. What is the difference between Ethereum & Ether (ETH)? The currency used by Ethereum is called Ether, sometimes known as ETH. Like Polygon, Optimism, and Solana, Ethereum is a blockchain in and of itself, with ether (ETH) serving as the medium of exchange for transactions. … Continue reading What Is Ethereum?