The Ethereum White Paper

The Ethereum white paper introduces a decentralized platform enabling programmable, secure digital transactions through smart contracts—self-executing agreements coded on a blockchain. Unlike traditional systems, it removes intermediaries, allowing developers to build decentralized applications (dApps) for finance, governance, and more. Ethereum's core innovation is its Ethereum Virtual Machine (EVM), which executes these smart contracts reliably across a distributed network. Overall, the white paper presents a vision for a flexible, censorship-resistant infrastructure that empowers a wide range of digital innovations without relying on central authorities.