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 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.
NOTE: WARNING: Do not trust any information you find online regarding who owns Ethereum. Ethereum is an open source, decentralized platform, and therefore no single company or individual owns it. There are organizations that help support the development of the platform, however they do not own it.
Ethereum is often described as a digital currency but here’s something important to remember: Ethereum is much more than that. Yes, Ethereum can be used to pay for things just like any other currency. But Ethereum can also be used to build decentralized applications (dapps). These are sometimes called Smart Contracts.
Decentralized apps have many advantages over traditional apps. They are censorship resistant, meaning no one can prevent you from using them or shut them down. They are also incredibly difficult to hack because there is no central point of failure.
What Company Owns Ethereum?
The Ethereum Foundation is a Swiss non-profit that manages Ethereum’s development and upkeep. The foundation does not own Ethereum; rather, it serves to promote and support the technology behind it.
7 Related Question Answers Found
Ethereum has been called a decentralized world computer, and is well on its way to becoming just that. It is a platform that allows developers to create decentralized applications (dApps) on top of it. dApps are similar to regular apps, but they are built on a decentralized network, which means there is no central point of control or failure.
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 a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is a public blockchain-based distributed computing platform, featuring smart contract (scripting) functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.
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 a programmable blockchain. It allows users to create their own decentralized applications (dapps) on the Ethereum blockchain.
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 records all the transactions in a public history called a blockchain, which verifies the order and integrity of the data.
If you’re looking to get involved in the world of cryptocurrency, you may be wondering, “What are shares 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 unique in that it allows developers to create their own tokens. These tokens can be used to represent anything from shares in a company to virtual currency.
In 2015, a group of developers launched the Ethereum Foundation in order to support the Ethereum protocol and network. The foundation is a non-profit organization with the mission of promoting and supporting Ethereum platform and base layer research, development, and education. The foundation has control over the Ethereum brand, website, social media accounts, and trademarks.
