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Ethereum is a blockchain platform designed to build decentralized applications (dApps) using smart contracts. Ether (ETH), its native cryptocurrency, is the second largest crypto by market cap. It’s used to pay for transaction fees (gas), run dApps, and execute smart contracts. Ether also plays a key role in decentralized finance (DeFi), staking, NFTs, and decentralized exchanges.
DEXs are trading platforms that operate on Ethereum’s blockchain, allowing peer-to-peer trading without intermediaries. Examples like Uniswap and SushiSwap let users trade Ethereum-based tokens directly from their wallets.
Stablecoins are digital assets pegged to fiat currencies and are primarily used on Ethereum for DeFi, cross-border payments, and hedging against volatility. Popular stablecoins like USDC, USDT, and DAI operate on Ethereum.
Ethereum offers data privacy through cryptographic techniques and decentralized storage options. However, because Ethereum is a public blockchain, transactions are visible to anyone, so users employ additional privacy tools if needed.
Ethereum is central to the Web3 movement, which aims to create a decentralized internet where users own their data. Ethereum’s infrastructure enables dApps, DAOs, and DeFi, promoting a user-centric, permissionless web ecosystem.
An airdrop is a distribution of tokens to Ethereum wallet holders, often as part of a promotional campaign or to reward users. Airdrops are used by new projects to increase visibility and attract a community of early adopters.