Ethereum

Ethereum

Cryptocurrency

A global, open-source, blockchain-based platform for decentralized applications, Ethereum offers an operating system featuring smart-contact functionality supporting a modified version of Nakamoto consensus. It generates Ether, a form of cryptocurrency as a reward to mining nodes for computations performed and is the only currency accepted in the payment of transaction fees. Proposed by Vitalik Buterin in 2013, Ethereum has been a foundation for the new era of internet where money and payments are built in, where users can own their data, and your apps don’t spy and steal from you, built on neutral, open-access infrastructure, controlled by no company or person.

  • Can be though of as a decentralized computing system
  • Ensures that programs are available to all

Ehtereum Criticisms
  • Can be slow
  • Has been hacked