Assets, Ethereum

What Is Ethereum Foundation?

Ethereum Foundation 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 pay for transaction fees and computational services on the Ethereum network.

The foundation was created in 2014, with the goal of funding and supporting the development of the Ethereum protocol and related technologies.

NOTE: WARNING: The Ethereum Foundation is a non-profit organization that supports the development of Ethereum and related technologies. While the Foundation is committed to promoting the use of Ethereum for legitimate purposes, it does not guarantee the security or safety of any activities undertaken using Ethereum or any other Ethereum-related technology. As such, it is important to exercise caution and take appropriate security measures when engaging in any activity involving Ethereum or other cryptocurrency.

The foundation is based in Switzerland and is registered as a non-profit organization.

The Ethereum Foundation’s mission is to promote and support Ethereum platform and base layer research, development and education to bring decentralized protocols and tools to the world that empower developers to produce next-generation decentralized applications (dapps), and build a more globally accessible, free, and trustworthy Internet.

The Ethereum Foundation is supported by donations from individuals, organizations, and companies. These funds are used to support core development of the Ethereum protocol, pay for infrastructure costs, support events and hackathons, and give grants to projects working on scalability, privacy, security, user experience, and more.

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