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What is Ethereum? A Beginner's Explanation in Plain EnglishEthereum is an open-ended, decentralized, blockchain-based, public software platform that facilitates peer-to-peer contracts, known as Smart Contracts, as well. Ethereum is a decentralized blockchain platform that establishes a peer-to-peer network that securely executes and verifies application code, called smart. The coin is used to power operations on the Ethereum network, including the execution of smart contracts and the transfer of tokens.
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