For the purpose of securely executing and certifying smart contract application code, Ethereum is a distributed digital currency that establishes a network of peer-to-peer connections. Smart contracts eliminate the requirement for a trustworthy central authority so that participants are able to communicate with one another.

Ethereum does not generate revenue and is not a business. The Ethereum network, in contrast, is a distributed network, which implies that it is maintained by people all over the world as opposed to being centralized. These are the people who receive network fees.

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