Assets, Ethereum

Does ConsenSys Own Ethereum?

ConsenSys is a venture production studio focused on building and scaling tools and applications for Ethereum. Founded in October 2014, ConsenSys’s mission is to use these technologies to power the emerging economic, social, and political operating systems of the planet.

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

NOTE: Warning: ConsenSys does not own Ethereum. Ethereum is an open-source, public, blockchain-based platform that allows developers to build and deploy decentralized applications. ConsenSys is a venture production studio that builds decentralized applications, tools, and enterprise solutions on the Ethereum blockchain.

In February of this year, ConsenSys and Ethereum launched the Enterprise Ethereum Alliance (EEA) with 30 founding member companies. The EEA is now the world’s largest open-source blockchain alliance with over 150 member companies.

ConsenSys does not own Ethereum. Rather, our relationship is that of co-founder, core developer, and largest contributor to the Ethereum project.

ConsenSys’s role in Ethereum is similar to that of other major organizations like the Linux Foundation or Apache Software Foundation in their respective ecosystems.

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