Is Ethereum for real? Or just another Crypto!

Ethereum is a decentralized, open-source blockchain featuring smart contract functionality. Ether (ETH) is the native cryptocurrency of the platform. It is the second-largest cryptocurrency by market capitalization, after Bitcoin. Ethereum is the most actively used blockchain.

Ethereum was proposed in 2013 by programmer Vitalik Buterin. Development was crowdfunded in 2014, and the network went live on July 30 2015 with 72 million coins premined. The Ethereum Virtual Machine (EVM) can execute Turing-complete scripts and run decentralized applications. Ethereum is used for decentralized finance, and has been utilized for many initial coin offerings.

What makes it different

Ethereum is a blockchain that was developed to support scripting and the creation of decentralized applications and ‘smart contracts’ through its virtual machine (EVM).

Ethereum’s native token, Ether (ETH) is a cryptocurrency used to pay for the processing power of the EVM in order to run smart contracts or other Dapps, in what is called ‘gas’.