Ethereum is a platform known for its ability to run smart contracts, which are self-executing agreements written in codes. These contracts enable various decentralized applications like DeFi platforms and NFT marketplaces to operate without central control, and yet Ethereum has encountered problems with its scalability, meaning it struggles to handle a large number of transactions quickly. Additionally, high transaction fees on the Ethereum network have been a notable issue, making it costly for users to perform transactions. Ethereum remains a crucial platform for decentralized applications and continues to drive innovation in the blockchain space even despite all these challenges

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