Type Decentralized blockchain
Release Date 30 July 2015
Founder Vitalik Buterin
Website ethereum.org[1]

What is Ethereum?

  • Ethereum is a network of computers all over the world that follow a set of rules called the Ethereum protocol[1].
  • The Ethereum network acts as the foundation for communities, applications, organizations and digital assets that anyone can build and use[1].

Blockchain

The concept of blockchain is crucial in understanding Ethereum.

What can Ethereum do[1]?

  • Banking: Everyone is allowed to access Ethereum and the lending, borrowing and savings products built on it is an internet connection.
  • An open internet: Users can control their own assets and identity, instead of them being controlled by a few mega-corporations.
  • A peer-to-peer (p2p) network: Ethereum allows users to coordinate, make agreements or transfer digital assets directly with each other.
  • Censorship-resistant: No government or company has control over Ethereum.
  • Commerce guarantees: Users have a secure, built-in guarantee that funds will only change hands if they provide what was agreed.
  • Composable products: All applications are built on the same blockchain with a shared global state, meaning they can build off each other. This allows for better products and experiences and assurances that no-one can remove any tools apps rely upon.

NFT

Ethereum vs. Bitcoin

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Risks