What Is Ethereum And How Does It Work

Ethereum (ETH) is the second most popular cryptocurrency after Bitcoin. Founded by Vitalik Buterin and Gavin Wood in 2015, today Ethereum’s market capitalization represents more than 17% of the $1.2 trillion global crypto market. #ethereum (ETH) is the second most popular cryptocurrency after Bitcoin. Founded by Vitalik Buterin and Gavin Wood in 2015, today Ethereum’s market capitalization represents more than 17% of the $1.2 trillion global crypto market.

When most people think of cryptocurrency, Bitcoin is usually the first thing that comes to mind. And that’s understandable because Bitcoin is the first and the biggest cryptocurrency. In marketing language, Bitcoin is the crypto category king. But its little brother, Ethereum, has been developing several crypto categories on its own. When you hear about #DeFi, NFTs, stablecoins and DAOs, all of these crypto categories started on Ethereum. Bitcoin is laser-focused on one asset, BTC. Ethereum takes the opposite approach emphasizing a general-purpose platform. Instead of one token, altcoin or asset, Ethereum gives you access to an unlimited ecosystem of decentralized products and assets. So Ethereum’s advantage is that it is purpose-built to be open to many different decentralized assets. The core vision of Ethereum is based on a series of principles:

• The software is open source.
• The protocols all rely on a strong community.
• The community can vote on the direction of the protocol, including leaving it.
• There is an economic incentive represented by a token.
• The organizations, once started, will go on to be run by the community, not the founders.
• These ideas provide a powerful vision of the structure of an asset and how it can be used. Ultimately, Ethereum is a platform of #smartcontract ... https://www.youtube.com/watch?v=i4WPeyag48c