What is Ethereum?

Ethereum is the second-largest cryptocurrency, based on the market value of all digital crypto-coins in circulation. Like Bitcoin, Ethereum is a blockchain-based digital asset. Unlike Bitcoin, Ethereum isn’t primarily intended as a method of payment. Instead, Ethereum’s primary purpose is its underlying blockchain technology. Ethereum’s blockchain incorporates so-called smart contracts, which help verify or facilitate contracts efficiently and securely, which has made Ethereum’s network very appealing to corporate clients. Many major corporations are either testing or using Ethereum’s blockchain to add efficiency to their operations.

Sven Franssen