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First decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 when an unknown entity published a white paper under the pseudonym of Satoshi Nakamoto. Use of bitcoin as a currency began in 2009, with the release of its open-source implementation.
Open-source blockchain platform that enables the creation and operation of decentralized applications (dApps) and smart contracts. It's often described as a "world computer" because it allows anyone to build and deploy applications that run without downtime, fraud, or third-party interference. The native cryptocurrency of Ethereum is called Ether (ETH), which is used to pay for transaction fees and secure the network.
Classified as a "stablecoin" because its value is intended to remain stable at roughly one US dollar. This makes it a useful tool in the cryptocurrency world, especially for traders who want a stable store of value or a way to move funds between exchanges without the volatility of other cryptocurrencies.
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