Blockchain App Platform
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, 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. Using Ethereum, you can create a contract that will hold a contributor’s money until any given date or goal is reached. Depending on the outcome, the funds will either be released to the project owners or safely returned back to the contributors. All of this is possible without requiring a centralized arbitrator, clearinghouse or having to trust anyone.
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.”Buy & Sell
- Scaling issues are becoming prevalent (April 2018). Sharding & POS should fix this in the near future.
- Ethereum has unfortunately enabled hundreds of scammers to easily create ICO’s and take investors funds. Not necessarily Ethereum’s fault but something to consider.
- Some large scale hacks have attacked the Ethereum network and its smart contracts. Auditing Smart Contracts has now been necessary for new projects.
• Ticker: ETH
• Total Supply: –
• Circulating Supply: 98,565,507
• Token Use: Dapps & Fees