ETHEREUM, THE PLATFORM OF INTELLIGENT CONTRACTS AND DISTRIBUTED APPLICATIONS

Ethereum is a web platform that makes it possible for any developer to create and publish next-generation distributed applications. It offers a programming language that follows the contract design methodology to create smart contracts.
Ethereum uses Ether, a decentralized cryptocurrency, which is used to execute the contracts of the same. In this respect, Ethereum is not like most existing cryptocurrencies, since it is not only a network to reflect monetary value transactions, but it is a network for the supply of contracts based on Ethereum. These open source contracts can be used to safely execute a wide variety of services, including: voting systems, financial exchanges, crowdfunding platforms, intellectual property and autonomous decentralized organizations.
The platform was initially described at the beginning of 2014 by Vitalik Buterin and was published at the beginning of 2015. It is also part of the “next generation” or “Bitcoin 2.0” platform group.
The initial purpose of the Ethereum project is to “decentralize the web” by introducing four components as part of the roadmap of your Web 3.0: publication of static content, dynamic messages, reliable transactions and an integrated and functional user interface . These components are designed to replace some aspects of the Web experience that we take for granted today, but doing so in a completely decentralized and anonymous way.
The basic unit used as an internal currency is the ether, which is divided into smaller units called finney, szabo, shannon, babbage, lovelace and wei. Each unit is equal to a thousand times the next smallest unit, therefore, therefore 1000 finney is a 1 ether, 1000 szabo is a finney …
More info: https://www.ethereum.org/

Share your thoughts