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Ethereum (ETH) uses a smart contract platform that allows developers to build decentralized applications (dApps). Created by a Russian named Vitalik Buterin in 2013, and at the time was a huge upgrade to the digital asset world.
Blockchain smart contracts can run like a self-operating computer program, without any possibility of downtime, fraud, or censorship. Allowing exchange of money, content, property, shares, or anything of value.
The Ethereum network also opened the doors for people to create a token, a sub-asset that also uses the main Ethereum blockchain network.