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.
5 Related Question Answers Found
When it comes to cryptocurrency, Ethereum is the second most popular platform after Bitcoin. And like Bitcoin, Ethereum addresses are also pseudonymous, which means that the identity of the person or group behind an address is not revealed. So, who owns an Ethereum address?
Vitalik Buterin is a Russian-Canadian programmer and writer primarily known for his work on Ethereum, an open source public blockchain platform. He is a co-founder of Ethereum and one of its lead developers. Buterin first became interested in blockchain and cryptocurrency technology in 2011 and he soon became involved in the Bitcoin community, co-founding Bitcoin Magazine in September 2011.
Vitalik Buterin is the creator of Ethereum, a decentralized platform that runs smart contracts. He first became interested in Bitcoin in 2011, and he co-founded Bitcoin Magazine in 2012. In 2013, he proposed the development of a new platform that would later become 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. In 2014, a 19-year old Vitalik Buterin, who was already involved in the Bitcoin community, realized that Bitcoin needed a scripting language for application development. He proposed the creation of Ethereum to the core developers of Bitcoin, and they agreed.
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 public blockchain-based distributed computing platform featuring smart contract functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.