Ethereum is a platform that enables the programming of decentralized applications, smart contracts and Ether cryptocurrency transactions and various tokens. All this based on Blockchain technology. Because of this, many consider Ethereum to be an evolution in the concept of Blockchain technology.
The Ethereum platform was envisioned by Canadian developer Vitalik Buterin in 2013. The platform went on-line on July 30th, 2015, with 11.9 million ICO pre-mined Ethers.
Since then, the platform has been gaining more and more adoption among researchers, entrepreneurs and programmers that want to create real solutions using Ethereum's Blockchain and technology.
Ethereum has since become the cryptocurrency with the second largest market capitalization behind Bitcoin.
Ethereum is safe?
Ethereum uses a distributed network concept to ensure the security of your system. Thousands of computers are distributed around the world and a single point of failure is impossible. This makes Ethereum one of the most secure cryptocurrencies today. Attacking the Ethereum network would be logistically and economically unfeasible and it would be best for a hypothetical attacker to cooperate with the entire network.
Therefore, Ethereum's network is extremely secure. As long as coins are stored as recommended using a safe and reliable wallet, you do not risk losing your coins.
The focus of Ethereum is to be a platform that allows programming decentralized applications and smart contracts. Ether is used as a currency to buy computing power on the world computer, which is Ethereum.
There are several examples of decentralized applications, such as Augur, an ownerless betting network. Maker Dai, which is a currency paired with the dollar but without a central issuer and there are even games running entirely on the Blockchain.
Who is using the Ethereum network?
Thousands of people around the world are using the Ethereum network, the government of Canada is using to make their institutions more transparent.
Dozens of large companies are part of the Enterprise Ethereum Alliance, a community of technology-supporting companies such as Microsoft, Itaú and AMD.
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