What is Ethereum ETH? 101: Introduction

SOURCE: https://blog.coinpass.com/blog/what-is-ethereum-eth-101-introduction

Ethereum is the first blockchain in the cryptocurrency space to do things differently. Ethereum was never designed to be a currency, but instead, become a “world computer” of smart contracts and decentralized applications.

Ethereum was created by researcher & developer Vitalik Buterin in 2015.

The ethereum blockchain is a platform of smart contracts and wallets that allow for automatic, transparent and fast transactions for many different tokens.

Ethereum as a platform was the fuel of the ICO digital asset boom of 2017 with 1000’s of cryptocurrency and utility tokens being issued and distributed on the Ethereum blockchain.

Ethereum is taking centre stage as decentralized finance (DeFi) smart contracts, platforms and tokens that allow financial systems to run in a decentralized fashion become mainstream.

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