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To understand why it's so popular, it helps to understand why the software that runs it, called Ethereum, exists in the first place. This. Ethereum's network exists on multiple computer systems globally, making it decentralized. Each system is known as a "node.� Each node has a copy. History of Ethereum While DApp development already existed in the blockchain space, platforms weren't interoperable.

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The contract consists primarily of the terms and conditions mutually agreed on between the parties peers. Ethereum is a blockchain -based computing platform that enables developers to build and deploy decentralized applications�meaning not run by a centralized authority. Being a distributed public ledger, all the participants have access to all the transactions conducted at any time on this network. However, there is no such cap for ETH, but there is an annual cap of 18 million.

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