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Ethereum, which was created in 2015 by Vitalik Buterin, is a cryptocurrency that provides ether tokens. This is equivalent to bitcoins in the Bitcoin network. Ether is used to build and deploy decentralized applications whose back-end code is placed in a distributed peer-to-peer network. This is different from a regular application, for which the back-end code is placed in a centralized server. Ether is also used to pay for services, like the computational power that is required before a block can be added to the blockchain and to pay transaction fees.4pda tether
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