ETHEREUM
Ethereum (ETH) is a decentralised platform that runs smart contracts.
ETH
Ethereum (ETH) is a decentralised platform that runs smart contracts: applications that run exactly on a given algorithm without the possibility of downtime, censorship, fraud or third-party interference. Founded by Vitalik Buterin in 2015.
Ethereum features:
1. Smart contracts:
• Smart contracts are automated, self-executing contracts with terms directly written into code. They are performed automatically as soon as pre-established conditions are met, which reduces the need for intermediaries and increases efficiency.
2. Decentralised applications (dApps):
• The Ethereum platform allows developers to create and run decentralised applications (dApps) on their blockchain. These applications work independently of centralised control, which increases their stability and reliability.
3. Own currency:
• Ether (ETH) is the internal currency of the Ethereum platform. It is used to pay for transactions and calculations on the platform, as well as as an incentive for miners who confirm transactions and ensure network security.
Ethereum application:
1. Development of decentralised applications (dApps):
• Developers use Ethereum to create a variety of applications, from games to financial platforms that run on a decentralised basis. This allows you to create new business models and increase transparency.
2. Conducting ICO:
• Ethereum is often used to conduct initial coin offerings (ICOs). Companies can raise funds for their projects by issuing tokens on the Ethereum platform and selling them to investors.
3. Smart contracts and decentralised finance (DeFi):
• Ethereum is the foundation for decentralised finance (DeFi), which includes smart contracts for loans, lending, trading and other financial services without intermediaries. This allows you to create more accessible and transparent financial systems.
Ethereum has become a key player in the world of blockchain technology, offering a platform for developing innovative solutions and changing the approach to financial services and contracts.
