{"id":11063,"date":"2024-02-14T14:07:50","date_gmt":"2024-02-14T19:07:50","guid":{"rendered":"https:\/\/faisalkhan.com\/?page_id=11063"},"modified":"2024-02-14T14:07:55","modified_gmt":"2024-02-14T19:07:55","slug":"ethereum-blockchain","status":"publish","type":"page","link":"https:\/\/faisalkhan.com\/learn\/payments-wiki\/ethereum-blockchain\/","title":{"rendered":"Ethereum Blockchain"},"content":{"rendered":"\n

The Ethereum blockchain is a decentralized, open-source blockchain system that features smart contract functionality. It’s the backbone for a vast ecosystem of decentralized applications (DApps), cryptocurrencies, and more, enabling programmable transactions and agreements to execute automatically without the need for intermediaries.<\/p>\n\n\n\n

Where It Is Used<\/h3>\n\n\n\n

Ethereum is used globally as a platform for developing and deploying DApps, issuing cryptocurrencies (tokens), and executing decentralized finance (DeFi) operations.<\/p>\n\n\n\n

Why It Is Used<\/h3>\n\n\n\n

Ethereum provides a flexible and secure platform for developing applications that can operate transparently and without downtime, fraud, control, or interference from a third party, thanks to its decentralized nature and smart contract capabilities.<\/p>\n\n\n\n

Who Uses It<\/h3>\n\n\n\n
<\/svg><\/g><\/defs><\/svg>