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The Ethereum blockchain is a decentralized, open-source platform designed for creating and running smart contracts and decentralized applications (dApps). Launched in 2015, Ethereum revolutionized blockchain technology by introducing programmability, enabling developers to build applications that execute automatically when predefined conditions are met. Its native cryptocurrency, Ether (ETH), serves as both a medium of exchange and a means to incentivize network participants. Ethereum employs a distributed network of nodes to ensure security, transparency, and resilience against censorship, making it a cornerstone of the Web3 ecosystem.

Web3 ecosystem often described as the next generation of the internet, leverages blockchain technologies like Ethereum to create decentralized, user-owned digital ecosystems. By integrating Ethereum's smart contract capabilities, Web3 enables a wide range of use cases, such as decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs). Users have more control over their data and digital assets, shifting power away from centralized entities. Ethereum's robust ecosystem of tools, protocols, and developer communities continues to drive innovation, fostering a more transparent, trustless, and inclusive internet.