Ethereum


What is Ethereum?
Ethereum is an open software blockchain network originally designed by Vitalik Buterin, Gavin Wood, and Joseph Lubin. As a decentralized platform that supports
smart contracts, the Ethereum Virtual Machine provides the backbone for a wide variety of distributed applications (dApps). Ether (ETH) is the cryptocurrency token
that allows for transactions between participants in the Ethereum network, and it is the second-largest blockchain token by market capitalization after Bitcoin.

Introduction To Ethereum
When Bitcoin captured the world’s attention in the early 2010s, few imagined how revolutionary it actually was. Vitalik Buterin, Gavin Wood, and Joseph Lubin did,
though, when they started work on The Ethereum Project in 2014.
Bitcoin was targeted at consumers, but Ethereum was the first crypto project built with enterprise in mind. The Enterprise Ethereum Alliance helps forge B2B
partnerships on the network with names like Samsung, Microsoft, Intel, J.P. Morgan, Cornell University, and MasterCard involved.

Ethereum’s launch changed the game and made blockchain and crypto legitimate disruptive technologies. It’s also consistently been one of the cryptos with the
highest market caps. Before explaining why Ethereum is so revolutionary, let’s review the performance of Ethereum’s ETH crypto coin (also called Ether)
on the market.

 

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