There is no doubt that Ethereum has been a game changer in the world of cryptocurrency. In less than two years, it has become the second largest blockchain platform after Bitcoin, with a market capitalization of over $1 billion. But what is Ethereum and what makes it so special?
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 unique in that it enables developers to create their own decentralized applications (dapps) on its blockchain.
This has led to the development of a whole new ecosystem of dapps that are changing the way we interact with the digital world.
One of the most exciting aspects of Ethereum is its potential to become the world’s first “world computer”. This would be a global network of interconnected computers that could be used by anyone, anywhere in the world. The implications of such a system are huge.
For example, imagine a world where all our data was stored on a decentralized network that was not owned by any one company or government. This would make it virtually impossible for anyone to hack our data or censor our information.
The Ethereum network is already being used to power a growing number of dapps, and its popularity is only going to continue to grow. It’s still early days for Ethereum, but there is no doubt that it has the potential to change the way we use the internet forever.