Smart Contracts And Decentralized Apps (Dapps)

Ethereum is used to build any kind of smart contract. The core purpose behind Ethereum is decentralization. As they do not run on any one server or computer: they execute on the blockchain that is distributed across the globe. Ethereum performs through a proof-of-work, means every computer on the network comes to an agreement about the transaction before it is getting any approval.

Ethereum smart contracts make it possible to create as well as manage assets, both tangible and intangible - privately, securely and at an economic cost. It’s one of the most exciting value-added feature is automation.

User data is extremely secure against theft or hacking as all Ethereum applications and smart contracts run on a blockchain. It is decentralized so, there’s no risk of service disruption in case an accident, human error or natural disaster to make a server go offline. The foremost benefit of decentralization is that there is no single point of failure.