Keyword Analysis & Research: meaning ethereum

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What is Ethereum and how does it work?

What is Ethereum and how does it work? Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH or Ξ) is the native cryptocurrency of the platform. Amongst cryptocurrencies, Ether is second only to Bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin.

What can Ethereum be used for?

Ethereum is used in payment systems, crowdfunding, gold investing, and many other cloud computing functions. Industry users include Accenture, Microsoft, Intel, several banks, and several blockchain startup innovators. Considering the worldwide usage, users have come together to form the Enterprise Ethereum Alliance (EEA).

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