What is Ethereum? Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. Ethereum provides a cryptocurrency token called “ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed. Ether is listed under the code ETH and traded on cryptocurrency exchanges.

These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts and many other things that have not yet been invented, all without a middle man or counterparty risk.

Furthermore, big business giants from Microsoft to J.P.Morgan are getting behind Ethereum. Thirty big banks, tech giants and other organizations are uniting to build business-ready versions of the software behind Ethereum.

Satoshi Nakamoto, the mysterious inventor of Bitcoin, first introduced the concept of a blockchain to the world in a foundational white paper nearly a decade ago. Ethereum is now a more flexible and developer-friendly alternative to Bitcoin.

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