Ethereum is a decentralized digital currency with a blockchain network that allows developers to build on.
It is perhaps the most popular and biggest alternative coin. Unlike bitcoin, ethereum is an open source blockchain with functionalities such as smart contracts. Although ethereum’s existence stems from the innovation of bitcoin it is significantly different from bitcoin.
These differences allow for DeFi protocols to be built on the ethereum blockchain. The digital asset currently dominates the crypto market with 13.14%.
Ethereum’s open source network is a key contributor to the success of decentralized finance (DeFi)