Ethereum launched in summer 2015 with the aim of expanding the employment cases of blockchain and cryptocurrency to encompass all manner of decentralized applications beyond Bitcoin’s initial scope, from permissionless financial services and crowdfunding to new organizational structures.
Ethereum was envisioned as a “global computer” that will allow developers to publish and execute apps powered by smart contracts — programmable scripts that facilitate the flow of digital assets.
Ethereum’s native cryptocurrency, Ether (ETH), not only provides an incentive structure almost like Bitcoin (BTC) in securing and maintaining the network but is additionally used as “gas” to run transactions through smart contracts. This functions as a security measure to safeguard the network from inefficient code and attacks by malicious actors.
At Cointelegraph, we are chronicling the progress of the Ethereum space. Will it become essential infrastructure for a more open, freer internet? Or will or not it’s surpassed by other smart contract (or traditional) platforms vying for mind and market share?
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