Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ethereum is used to build decentralized applications (dapps) on its platform. The most popular dapp built on Ethereum is CryptoKitties, a game that allows players to breed and trade digital cats.

Ethereum’s popularity is due to its use of blockchain technology. Blockchain is a distributed database that is used to record transactions. Ethereum’s blockchain is different from Bitcoin’s in that it allows for smart contracts, which are programs that can be executed automatically when certain conditions are met.

Because of its flexibility, Ethereum has become the platform of choice for many developers. Ethereum’s popularity is also due to its lower transaction fees than Bitcoin.

So, in short, Ethereum is popular because it is a versatile platform that uses blockchain technology to enable the development of dapps and smart contracts.

Other related questions:

Q: Why Ethereum is used in blockchain?

A: There are a few key reasons why Ethereum is used in blockchain applications:

1. Ethereum is a blockchain platform that enables developers to build decentralized applications (dApps).

2. Ethereum has a built-in programming language (Solidity) that allows developers to write smart contracts, which are self-executing contracts that can automatically enforce the terms of an agreement.

3. Ethereum has a decentralized virtual machine (EVM) that can execute smart contracts.

4. Ethereum has a decentralized network of nodes that can validate and record transactions on the blockchain.

5. Ethereum is a public blockchain that is open for anyone to use.

6. Ethereum is a permissionless blockchain, which means that there is no need for a central authority to approve transactions.

7. Ethereum is a trustless platform, which means that users can transact without the need for a third party to act as a middleman.

Q: Does Ethereum use blockchain?

A: Yes, Ethereum uses a blockchain.

Q: How important is Ethereum?

A: Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ethereum is a big deal because it has the potential to disrupt many industries and change the way we interact with the digital world. For example, Ethereum could be used to create a decentralized marketplace, or to power a new generation of decentralized applications (dapps).

Q: Why is Ethereum the best blockchain?

A: There are many reasons why Ethereum is the best blockchain. Some of the reasons include:

1) Ethereum is the most popular blockchain platform and has the largest developer community. This means there is a large ecosystem of applications and services that can be built on top of Ethereum.

2) Ethereum is the most versatile blockchain platform. It supports a Turing-complete programming language which allows developers to build any kind of decentralized application.

3) Ethereum has the best tooling and infrastructure. The Ethereum platform has been battle-tested and is production-ready.

4) Ethereum has a strong governance model. The Ethereum Foundation is a non-profit organization that oversees the development of the Ethereum protocol. The Foundation is transparent and accountable to the community.

5) Ethereum has a proven track record. The Ethereum blockchain has been running for over two years and has handled millions of transactions without any major issues.

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