REVIEW

CRYPTO REVIEW Ethereum

October 25, 2017 |

REVIEW - ETHEREUM

What Is Ethereum?

Ethereum is a cryptocurrency that operates on a Blockchain, in certain ways, not very unlike Bitcoin. However, the main difference between Bitcoin and Ethereum is Ethereum’s use of Smart Contracts. While Bitcoin is anonymous, Ethereum’s Smart Contracts application creates a living document transmitted via code between merchants. In doing so, Ethereum can better prevent crime or other problems, since all transactions are inherently tracked. The Ethereum website states it nicely: “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.”

Since Ethereum has this Smart Contract aspect, it is a good currency to use in business and among major institutions. Embedded in the contract can be agreement about both past and future payments, as well as other conditions and uses yet to be imagined.

History of Ethereum

The person who is credited with conceiving of the initial Ethereum concept is READ FULL REVIEW