Is Ethereum a protocol or network?

The Ethereum protocol allows for the creation of smart contracts, which are self-executing agreements that automatically enforce the terms of the contract when certain conditions are met. This eliminates the need for intermediaries, reducing costs and increasing efficiency.

The Ethereum network also supports the creation of decentralized applications (dApps), which can run on the blockchain without the need for centralized servers. These dApps have the potential to revolutionize various industries, from finance to healthcare.

BTCC, a leading cryptocurrency exchange, offers a range of services tailored to the needs of cryptocurrency enthusiasts and investors. These services include spot trading, which allows users to buy and sell cryptocurrencies at the current market price.

Ethereum, at its core, is a protocol, mirroring the foundational TCP/IP protocol that underpins the internet. It serves as the backbone for a decentralized, global network of computers, enabling seamless communication and transactions.

Unlike traditional centralized systems, Ethereum operates without a single entity controlling it. Instead, it relies on a distributed network of nodes that validate and execute transactions, ensuring security and transparency.