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Ethereum was released in the summer season of 2015 with the aim of expanding the use cases of blockchain and cryptocurrency to include all manner of decentralized applications beyond Bitcoin’s initial scope, from permissionless monetary services and crowdfunding to new organizational structures.
Ethereum was imagined as a “worldwide computer” that would permit designers to publish and execute apps powered by clever contracts – programmable scripts that facilitate the flow of digital properties.
Ethereum’s native cryptocurrency, Ether (ETH), not only provides an incentive structure similar to Bitcoin (BTC) in securing and keeping the network but is also utilized as “gas” to run deals through clever agreements. This works as a security procedure to protect the network from ineffective code and attacks by malicious actors.
We are narrating the progress of the Ethereum space. Will it end up being a vital infrastructure for a more open, freer web? Or will it be exceeded by otherwise contract (or traditional) platforms vying for mind and market share?