Ethereum is a decentralized, open-source blockchain platform that enables developers to build and deploy smart contracts and decentralized applications (DApps). Unlike Bitcoin, which primarily serves as a digital currency, Ethereum is designed as a programmable blockchain, supporting a wide range of use cases, including decentralized finance (DeFi), non-fungible tokens (NFTs), and enterprise blockchain solutions.

Ethereum operates as a distributed ledger maintained by a global network of nodes, ensuring transparency, security, and immutability. Key components of the Ethereum blockchain include:

• Smart Contracts: Self-executing contracts that automate agreements without intermediaries.
• Ethereum Virtual Machine (EVM): A runtime environment that enables the execution of smart contracts on the blockchain.
• Consensus Mechanism: Ethereum transitioned from Proof of Work (PoW) to Proof of Stake (PoS) with Ethereum 2.0, reducing energy consumption and increasing scalability.
• Ether (ETH): The native cryptocurrency of the Ethereum network, used for transactions and smart contract execution.
• Decentralized Applications (DApps): Applications built on Ethereum that operate without centralized control, including DeFi platforms, NFT marketplaces, and gaming ecosystems.

Ethereum’s infrastructure allows developers to create permissionless, trustless applications that operate autonomously on the blockchain.

Ethereum is one of the most influential blockchain platforms, driving innovation across multiple industries. Its key benefits include:

• Decentralized Finance (DeFi): Enables financial services such as lending, borrowing, and trading without banks.
• Non-Fungible Tokens (NFTs): Supports digital asset ownership and monetization for artists, creators, and businesses.
• Enterprise Blockchain Solutions: Companies leverage Ethereum’s blockchain for supply chain tracking, identity verification, and transparent record-keeping.
• Security & Transparency: Transactions are immutable and verifiable on the public ledger, reducing fraud and enhancing trust.

With its extensive developer ecosystem and continuous upgrades, Ethereum remains a leading force in blockchain adoption.

Cloud computing plays a crucial role in supporting Ethereum’s infrastructure by providing scalable, high-performance environments for blockchain nodes, smart contract execution, and decentralized applications. Cloud-based Ethereum solutions allow businesses to host, interact with, and scale blockchain applications efficiently.