This form of cryptocurrency is the second-largest digital currency in the world and has a market capitalization of $41.5 billion USD as of January 2018. The value of individual ethers fluctuates widely, but it is generally accepted that one ether equals roughly US$300 at this time (January 2018).
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Ethereum is a public, open-source distributed platform with smart contract functionality.
Ethereum enables users to create decentralized applications (Dapps). These applications are not run by any single organization, and so can’t be shut down by a single person or government.
This is the reason why Ethereum was created in the first place. The idea behind Ethereum is that instead of trusting one strong central authority, it distributes trust equally among a group of different actors.
Ethereum was created by Vitalik Buterin in 2013 and has been constantly evolving since then. It’s an exciting project because it makes it possible to build and program new types of decentralized systems like exchanges or identity management systems.
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Ethereum is the second largest cryptocurrency in terms of market capitalization which is not surprising given its popularity.
This introduction should contain:
-The basic description of Ethereum
-A short list of features that makes Ethereum stand out
-A list of popular use cases for Ethereum
-Some drawbacks to using Ethereum
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