Assets, Ethereum

What Is Ethereum Today?

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.

NOTE: WARNING:
Ethereum is a highly volatile cryptocurrency with a large and complex network. It is constantly changing and evolving, and as such, it can be extremely difficult to predict its performance. In addition, due to its complexity, Ethereum has been the target of numerous security threats, including malicious attacks from hackers. As such, investing in Ethereum can carry a high degree of risk. Before investing in Ethereum, it is important to research and understand the technology, its use cases, associated risks and how to properly secure your investment.

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.

Ethereum is still in its early stages of development and deployment, which explains why its price is still relatively volatile and still far from its all-time high of over $1,400 set in January 2018. Nevertheless, Ethereum has made significant progress since its launch just four years ago and is today one of the most widely used blockchain platforms in the world.

So what is Ethereum today? It is a decentralized platform that runs smart contracts, a powerful shared global infrastructure that can move value around, and a project that is still in its early stages of development.

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