Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.

The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.

Ethereum is often described as a digital currency but here’s something important to keep in mind: Ethereum is much more than that. Ethereum is a decentralized platform that runs smart contracts.

What are smart contracts?

Smart contracts are little computer programs that can automatically execute the terms of an agreement between two parties. They run exactly as programmed without any possibility of fraud or third party interference.

For example, say you wanted to buy a house. You could write up a smart contract that says “If X happens (e.g. I receive the keys to the house), then Y will happen (e.g.

I will transfer ownership of the house to you and your mortgage company).” Once both parties agree to the terms of the contract, it would be stored on the Ethereum blockchain and would automatically execute when X happened. No middleman needed!.

What can you do with Ethereum?

The possibilities are endless! Developers are already building all sorts of fascinating things on Ethereum: from “decentralized Autonomous Organizations” (DAOs) to financial instruments like “decentralized apps” (dapps) and “initial coin offerings” (ICOs). Check out this list of cool things being built on Ethereum for more inspiration!
# Conclusion

Yes, Ethereum is money because it is a platform where you can store value and use it to purchase goods and services. However, it is important to keep in mind that Ethereum is much more than just a digital currency.

It is also a platform that runs smart contracts, which can be used for a wide variety of applications.

When it comes to Ethereum, there is no doubt that it is a diamond in the rough. It has the potential to be a major force in the cryptocurrency world, and its backers are confident that it will one day surpass Bitcoin in terms of market capitalization.

While Ethereum is still in its infancy, it has already shown tremendous promise and has gained a loyal following among cryptocurrency enthusiasts. In this article, we will take a closer look at Ethereum and what makes it so special.

Ethereum was created by Vitalik Buterin, a Russian-Canadian programmer who is just 23 years old. He was inspired by Bitcoin, but he thought that the Bitcoin blockchain was too limited in its functionality.

So, he created Ethereum as a way to enable smart contracts and decentralized applications (dApps) to be built on top of a blockchain. This makes Ethereum much more versatile than Bitcoin, and it is this flexibility that has made it so popular.

Ethereum’s native currency is called Ether, and it is used to power the Ethereum network. Ether can be bought and sold on cryptocurrency exchanges, and it can also be used to pay for transaction fees on the network.

The price of Ether has risen sharply since its launch in 2015, and it is currently trading at around $300 per coin. This makes Ethereum the second most valuable cryptocurrency after Bitcoin.

Investors are bullish on Ethereum because of its potential to disrupt a number of industries. For example, Ethereum-based dApps could one day replace traditional centralized applications such as Facebook or Twitter.

Additionally, Ethereum could be used to create decentralized versions of traditional financial services such as loans or insurance contracts. This would cut out the middleman and make these services much cheaper and more efficient.

Ethereum’s popularity has also been boosted by the rise of Initial Coin Offerings (ICOs). ICOs are a new way for startUPS to raise capital by issuing their own digital tokens on the Ethereum blockchain.

These tokens can then be sold to investors in exchange for Ether or other cryptocurrencies. ICOs have become extremely popular in recent months, with over $1 billion being raised through them so far this year.

The Diamond analogy refers to something that has great value but is not widely known or understood yet. In many ways this analogy aptly describes Ethereum today as it continues to gain recognition and adoption but still lags behind Bitcoin in overall awareness/mindshare among investors and general public . It’s important to remember that diamonds were not always as valuable as they are now – it took time for their value to be realized .

The same can be said of Ethereum which has only been around for about 2 years yet already has a market capitalization of over $28 billion . So while there’s still a lot of work to be done in terms of education and adoption , there’s no doubt that Ethereum is a diamond in the rough with tremendous potential .

Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ethereum Classic is a continuation of the original Ethereum blockchain – the classic version preserving untampered history; free from external manipulation and censorship.

With Ethereum Classic, you can write code that controls money, and build applications accessible anywhere in the world.

Is Ethereum Classic a good buy? While Ethereum Classic has lagged behind Ethereum in terms of price and development, it still has a strong community and potential. For investors who believe in the original vision of Ethereum as a censorship-resistant platform for smart contracts, ETC may be a good buy.

However, those looking for faster development and higher prices may want to consider investing in Ethereum instead.

Curve is a decentralized exchange built on the Ethereum blockchain that allows users to trade digital assets in a trustless and frictionless manner. The platform utilizes a unique tokenomics model to offer low fees, high liquidity, and robust security.

Since its launch in January 2019, Curve has become one of the most popular DeFi protocols in the Ethereum ecosystem with over $1 billion in value locked. The protocol’s native token, CRV, is now ranked in the top 30 by market capitalization.

So far, Curve has been successful in delivering on its promise of offering a simple and efficient way to trade digital assets. The protocol’s liquidity pools have consistently outperformed those of other leading DEXes, such as Uniswap and 0x, in terms of trading volume and slippage.

With its strong track record and growing ecosystem of users and developers, Curve is well positioned to become the go-to platform for trustless and frictionless trading of digital assets.

Convex Finance is a new lending platform on the Ethereum blockchain that offers users a decentralized way to take out loans and earn interest on their deposited crypto assets. The platform is still in its early stages of development but has already garnered a lot of attention from the Ethereum community.

The team behind Convex Finance has extensive experience in the field of DeFi and has built up a strong reputation in the space. The platform is currently live on the Ethereum mainnet and is already processing loan applications and interest payments.

The key selling point of Convex Finance is its use of collateralized debt positions (CDPs). This ensures that users’ deposited crypto assets are always worth more than the value of the loan, meaning that there is no risk of default or liquidation.

The platform also offers competitive interest rates on deposited assets, making it an attractive option for users looking to earn yield on their cryptocurrencies.

Overall, Convex Finance is a promising new lending platform that offers users a decentralized, collateralized way to take out loans and earn interest on their deposited crypto assets. The platform is still in its early stages but has already garnered a lot of attention from the Ethereum community.