Ethereum

What is Ethereum?

Ethereum is a cryptocurrency and development platform. Ethereum’s blockchain infrastructure supports various applications and smart contracts. It’s essentially another internet ecosystem. “Smart contacts” are electronic algorithms which describe sets of conditions that trigger changes in the real world or digital systems. Thus, many kinds of contractual relationships can be partially or fully executed all by themselves.

Uses & Benefits

Just like Bitcoin, Ethereum can be used as a payment system for insurance payments, tax payments, salary payments, and bookmaker payouts. You can also use Ethereum for fundraising with the use of smart contracts for various projects.

Ethereum platform can be used by anyone who wants to launch their own cryptocurrency. It is useful for startups, bonus programs and so on. Apps connected to Ethereum rarely, almost never go down and cannot be shut down.