What is Ethereum?

The main philosophy behind cryptocurrencies is decentralization. Rather than decentralizing money, Ethereum’s goal is to decentralize the internet by replacing servers with a worldwide system of nodes, creating one “world computer.” Ethereum is a software platform based on blockchain technology where users can exchange a cryptocurrency called ether. Ether has become one of the most popular cryptocurrencies in the world, with a market cap approaching $140 billion. This puts Ether second only to Bitcoin in market share. The real draw is not only the cryptocurrency but the platform itself, which has become wildly popular as a host for other cryptocurrencies. Not only do investors profit from one of the best and most popular cryptocurrencies on the market, but also from the wider uses of Ethereum itself.

Sven Franssen