The first smart contract blockchain, Ethereum, was monolithic by design, meaning it manages its own execution, settlement, consensus, and data availability. Over the years, new decentralized applications developed, leading to increased demand for blockspace. When the demand for blockspace is more than its supply.

The platform provides a complete Turing Ethereum Virtual Machine and executes scripts using an international network of public nodes.Ethereum also provides an underlying cryptocurrency token called Ether, which is transferable between accounts and can be paid to participating nodes for computations performed
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