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Ethereum was originally proposed in late 2013 and later came to life in 2014 by Vitalik Buterin, founder of Bitcoin Magazine. Ethereum is a digital transaction network, which assists developers in developing and deploying distributed applications. People host applications on the Ethereum blockchain, which allows smart contracts and fixed applications (DApps) to be developed and implemented. The Ethereum network also facilitates data storage and implementation of internationally distributed applications.
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