Ethereum Price ETH

    About Ethereum

    Ethereum is a blockchain that aims to be a decentralized computer. Applications can be built on top of it, which is also known as decentralized app or D'apps. For the application to run, you have to pay in the form of a Gas coin.Because of the scope of what Ethereum is trying to achieve, it's a network that has significant implications. If it succeeds, it's one of those projects that can change how we live. In other words, its potential is massive.

    How it works

    Ethereum is a blockchain network. And, it's also a platform as it aims to be like an operating system in which other applications can run on top of it. The code is open-source, so everyone can check it or use it. Ethereum also has its own programming language known as Solidity. Ethereum is also a decentralized platform, which means that technically no one owns it. Independent miners are doing the recording and verifying of the transactions. Ethereum by itself is a coin, but it also has another related coin called "Gas." What is Gas? If you build an application for the Ethereum network, you will need to use the network's processing so your app will run. Since processing takes resources, you will have to pay for it in the form of Gas.

    Release Time: 2014-07-24

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