Ethereum

Ethereum is an open source, decentralized platform that allows the creation of intelligent contract agreements between peers, based on the blockchain model.2 Any developer can create and publish distributed applications that make intelligent contracts. Ethereum also provides a cryptocurrency chip called 'ether'. You can exchange ether between different accounts and it is also used to compensate the participating nodes for the calculations made.

Ethereum was proposed by Vitalik Buterin, a cryptocurrency developer. The development of the same was achieved thanks to a collective financing platform, from July to August 2014. The system finally came out on July 30, 2015.

After a bifurcation of the block chain in July 2016, there are two active Ethereum lines: Ethereum and Classic Ethereum.

goals

The initial purpose of the Ethereum project is to decentralize the web by introducing four components as part of the roadmap of its 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.3