The Ethereum blockchain was created when blockchain technology was isolated from bitcoin to explore other use cases. The goal is to execute smart contracts. The goal is to reduce the costs of verification, execution and fraud prevention. Smart contracts are established computer programs that contain the terms of the two parties' agreements. They cannot be changed or modified.
All inventions require frequent upgrades to fix bugs with previous versions, and blockchain technology has also upgraded with time and requirements.
The first application of blockchain technology was cryptocurrency, specifically Bitcoin. It enables DLT-based financial transactions.

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