Ethereum, an open-source platform based on blockchain technology, has revolutionized the world of cryptocurrencies with its advanced features. Its primary innovation lies in the ability to create and execute smart contracts securely and efficiently, without the need for intermediaries.

Originally conceived as an enhanced version of Bitcoin, Ethereum has surpassed the limitations of its predecessor by offering a more versatile programming language. This has enabled the development of a wide range of applications, such as blockchain-based custody, withdrawal limits, financial contracts, and even a marketplace for gambling and other services.