Ethereum's Role in the Crypto World
Ethereum (ETH) has been a key player in the cryptocurrency market. Think of it as a strong foundation, like a solid house that can withstand storms. This foundation is valuable for many projects because they can build and create new things on top of it. Ethereum is not just a currency; it's a platform where developers can create applications and conduct financial transactions without needing a middleman, like a bank. This is called decentralized finance (DeFi), allowing users to have more control over their money.
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