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 middleman 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 not just another altcoin; it is a decentralized application platform. While many altcoins merely seek to replicate Bitcoin’s success, Ethereum aims to expand upon it.
One of Ethereum’s key innovations is its use of Smart Contracts.
A smart contract is like a traditional contract between two parties, except that it is written in computer code and stored on the blockchain. This code can be used to automate transactions and agreements between parties.
NOTE: WARNING: Investing in Ethereum can involve a high degree of risk. Before investing, make sure to do your own research and understand the potential risks and rewards associated with investing in Ethereum. Be aware that Ethereum is still a relatively new technology, and its value is highly volatile. Also, be aware that the Ethereum network is susceptible to fraud, manipulation, and security risks. As with any investment, you should never invest more than you are willing to lose.
For example, you could use smart contracts to automatically send money from one person to another when certain conditions are met, such as when a invoice is paid.
Smart contracts also make it possible to create so-called Decentralized Autonomous Organizations (DAOs). A DAO is an organization that runs on the Ethereum blockchain and has no centralized points of control (such as CEOs, CFOs, or managers).
Instead, decisions are made by the majority of DAO token holders.
Ethereum’s native currency, Ether (ETH), is used to pay for transaction fees and gas costs incurred while running smart contracts and dApps on the Ethereum network. ETH is also used as collateral by traders who want to trade ETH pairs on decentralized exchanges (DEXes).
So how does Ethereum make money? The simple answer is that it doesn’t; at least not directly. The Ethereum Foundation’s primary source of funding comes from donations made by members of the Ethereum community.
In addition, developers working on Ethereum core projects can apply for grants from the Foundation. However, the Foundation does not control Ether supply; rather, it exists to support and promote the development of the Ethereum protocol.
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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 middleman or counterparty risk.
Ethereum is going up today because the altcoin has benefited from a broad-based rally in the cryptocurrency market. The second-largest digital currency by market capitalization has gained over 5% in the last 24 hours, and is currently trading above $230. The recent rally in Ethereum can be attributed to a number of factors.
As of late, Ethereum has been on the UPSwing, and there are a few reasons why this is occurring. First and foremost, Ethereum is benefiting from the overall positive sentiment in the cryptocurrency market. Bitcoin, the largest cryptocurrency by market capitalization, has been on a tear lately and Ethereum has followed suit.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation. The general ledger of Ethereum is maintained by miners who are rewarded with Ether, the native currency of Ethereum, for verifying transactions.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation. The general ledger of Ethereum is a decentralized database that keeps track of the balance of all accounts.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is how the Internet was supposed to work. It is a distributed network with no central authority that anyone can access.
In the summer of 2014, Ethereum was funded by a crowdsale. Crowdsales are a type of funding where instead of going to VCs or banks, a project raises money by selling tokens to the public. In Ethereum’s case, these tokens were called “Ether” and were sold in exchange for Bitcoin.
There are a few different ways that Ethereum developers make money. The most common way is through Ether, the native cryptocurrency of Ethereum. Developers can also make money by developing and selling smart contracts, or by providing consulting services to businesses that want to use Ethereum.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is used to build decentralized applications (dapps) on its platform. A dapp is an application that is open source, decentralized, and has no central point of control.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is how the Internet was supposed to work. Ethereum was crowdfunded during August 2014 by fans all around the world.
