Assets, Ethereum

Who Is Owner of 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.

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 an open source software platform, and thus does not have one single owner. It is developed and maintained by a decentralized autonomous organization (DAO) made up of numerous individuals and organizations around the world. As such, no individual or entity can lay claim to ownership of Ethereum.

Ethereum is not just a platform but also a programming language (Turing complete) running on a blockchain that helps developers to build and publish distributed applications. The fact that Ethereum is Turing complete, means that it can code anything computationally possible.

The owner of Ethereum is Vitalik Buterin, who created it in 2013 with the intention of building an alternative to Bitcoin. However, Ethereum is much more than just a digital currency.

It is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

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