Assets, Ethereum

Is Alchemy Pay Ethereum?

Yes, Alchemy Pay is Ethereum.

In 2014, Ethereum introduced 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.

NOTE: WARNING: Is Alchemy Pay Ethereum is not an officially licensed product of Ethereum and should be used with caution. It is possible that the service may not be reliable or secure, or that it may not provide the expected results. Use at your own risk and make sure to do your due diligence before using any service of this type.

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.

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