Ethereum (ETH) is a cryptocurrency that was created in 2013 by Vitalik Buterin. In 2013, Vitalik came up with idea of creating this currency after reading a study about Bitcoin. Often, it is said today that ethereum is bitcoin 2.0. Although at first glance, both cryptocurrencies operate on similar principles, they actually differ in a significant way.
In the case of Ethereum, we are dealing with a protocol that is based on a decentralized Blockchain, on which run applications (anyone can develop an application that runs on Ethereum). This platform has programmed functions called smart contracts, it cannot be broken and it protected from fraud.
This is the main reason why it was very enthusiastically received by the market. This project received 19 million dollars for its development!!!
The value of Ethereum is systematically growing, which results of many factors. First of all, the acceptance and availability of this cryptocurrency is growing. In addition, this project is constantly improved, which allows for even better use of this currency and its smart contracts.
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What are Smart contracts?
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