What is ethereum in the world of cryptocurrencies

What is ethereum in the world of cryptocurrencies?

What is ethereum: – Launched in 2015, Ethereum is a blockchain-based open source decentralized software platform used for its own cryptocurrency, Ether. It allows you to create and run smart contracts and distributed applications (timeApps) without downtime, fraud, control or interference.

Ethereum is not just a platform, but a programming language (Turing Complete) that runs on the blockchain and helps developers create and publish applications.

Ethereum is an open source computing platform and operating system.
It also has its own linked cryptocurrency, ether.

 

What is Ethereum? complete information

Applications running on Ethereum run on a platform-specific cryptographic token, Ether. During 2014, Ethereum launched a presale of Ether, which received a surprising response.

Ether is similar to a transport medium on the Ethereum platform and is primarily used by developers who wish to develop and run applications within Ethereum. Ether is widely used for two purposes.

 

It is marketed as a digital currency exchange, like other cryptocurrencies, and is used to launch applications and even monetize work within Ethereum.

In 2016, Ethereum was split into two separate blockchains, Ethereum and Ethereum Classic, a set of smart contracts created on the Ethereum software platform. The new Ethereum was a hard fork of the original software.

Which was created to protect against other malicious attacks. As of September 2019, Ethereum was the second largest virtual currency on the market after Bitcoin. Obtaining ethereum currency is much faster than Bitcoin. And there are many more ether units in circulation than bitcoins.

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