Assets, Ethereum

What Ethereum Is Used For?

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.

NOTE: WARNING: Ethereum is a digital currency platform that is used to facilitate transactions, create and execute smart contracts, and run decentralized applications (dApps). It can be used for a variety of purposes, including speculative investment, trading, and gambling. Ethereum can also be used to facilitate illegal activities such as money laundering and fraud. Therefore, it is important to exercise caution when using Ethereum.

Ethereum is used for a variety of purposes including:

– Creating and running Decentralized Autonomous Organizations (DAOs)
– Decentralized Applications (DApps)
– Smart contracts
– ICOs
– Prediction markets
– Governance
– Identity management and digital signatures
– Supply chain tracking
– File storage

Ethereum has the potential to completely change the way we interact with the internet and handle our day-to-day lives. With its vast array of capabilities, it could very well become the backbone of a new, decentralized internet.

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