Ethereum is the second biggest crypto-currency after Bit coin by market capitalization.
Ethereum is the most actively used blockchain. It is launched in 2015.
Ethereum is an open-source, blockchain based, decentralized software platform used for its own crypto-currency, ether. It enables smart contracts and Distributed Applications to be built and run without any downtime, fraud, control, or interference from a third party.
What is Ethereum?
Etheriuim is not just a platform but also a programming language (Turing complete) running on a blockchain, helping developers to build and publish distributed applications.The applications run on Ethereum are run on a platform-specific cryptographic token, ether. During 2014, Ethereum had launched a pre-sale for ether which had received an overwhelming response.
Ether is used broadly for two purposes:
- it is traded as a digital currency exchange like other crypto-currencies
- it is used inside Ethereum to run applications and even to monetize work.
According to Ethereum, it can be used to “codify, decentralize, secure, and trade just about anything.” One of the big projects around Ethereum is Microsoft’s partnership with Consensys which offers “Ethereum Blockchain as a Service on Microsoft Azure so Enterprise clients and developers can have a single click cloud-based blockchain developer environment.”
Ethereum abbreviation is ‘ETH”
Its price started in July 2015 with USD 1.25 and now its price is at USD 1809 (as on 30th march, 2021) (Source is coindesk.com)
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