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 means that developers can create applications that run on the Ethereum network.
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 middle man or counterparty risk.
NOTE: WARNING: It is important to note that the maximum number of Ethereum coins is not known and may never be known. There is no limit to the amount of Ethereum that can be created and it is possible for the supply to increase over time. Ethereum coins are not a fixed asset and their value is subject to market forces. Investing in Ethereum should be done with caution and full understanding of the risks involved.
The Ethereum network itself is fueled by ether. Ether is a crypto token that helps run the network.
Developers can use ether to pay for transaction fees and services on the Ethereum network.
The maximum number of Ethereum coins is not capped like Bitcoin. There is no limit to how many Ether can be produced.
However, there will eventually be a point where production slows down and mining becomes increasingly difficult as the available supply of Ether diminishes.
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Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ether is the native cryptocurrency of the Ethereum platform. It is used to pay for gas, a unit of computation used in transactions and other state transitions.
The value of Ethereum has fluctuated wildly in its short history. At its launch in 2015, the price of one ETH was just $0.43. In the years since, the price of Ethereum has reached highs of over $1,400 in early 2018 before dropping back down to around $200 in 2019. 2020 has seen a resurgence in the price of ETH, with it reaching over $700 at the time of writing.
In order to understand how much a Ethereum coin is worth, one must first understand what Ethereum is. 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.
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 2014, Ethereum founders Vitalik Buterin, Gavin Wood and Jeffrey Wilcke started work on a next-generation blockchain that had the ambitions to implement a general, fully trustless smart contract platform. Ethereum is often described as a digital currency but here’s something important to keep in mind: Ethereum is much more than that.
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 2014, Ethereum founder Vitalik Buterin proposed that Ethereum could be used to build “decentralized applications” (dapps). Dapps are open source and run on a blockchain, usually Ethereum’s, with each dapp having its own token.
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 used to build decentralized applications (dapps) on its platform. The most popular dapp built on Ethereum is CryptoKitties, a game that allows players to breed and trade digital cats.
As of September 2019, the price of one Ethereum coin is about $198. This value is subject to change and fluctuation, as Ethereum, like all cryptocurrencies, is not backed by any physical asset or government. The value of Ethereum is instead determined by market factors, such as supply and demand.
In order to understand how much a coin on Ethereum is worth, one must first understand the basics of the Ethereum network. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ether, sometimes called “Ethereum gas”, is the cryptocurrency that powers the Ethereum network.
As of July 25, 2017, the price of Ethereum coin today is $202.31 USD. This is according to CoinMarketCap.com, which tracks the prices of cryptocurrencies. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
