Ethereum is not your ordinary currency. This is not some raggedy Ann dollar bill that’s been in circulation for decades upon decades. Nope. Ethereum is a transformational piece of digital currency that’s making (some) waves in the financial world and it seems to be here to stay.
In short, Ethereum’s a decentralized, open-source blockchain platform that enables developers to build those decentralized applications (also knows as dApps) on top of it. In other words, it’s a platform that allows people to create their own apps and run them on the Ethereum network, which is based on its very own currency, Ether.
Blockchain tech is at the heart of Ethereum.
It takes the concept of the blockchain and expands upon it to create a platform that’s more versatile and flexible than Bitcoin, the original cryptocurrency. With Ethereum, developers can create their own custom tokens, which can represent anything from digital assets to loyalty points to actual physical goods to many other things.
But it’s not just about creating new tokens. Ethereum also enables developers to create smart contracts, which are essentially self-executing contracts with the terms of the agreement directly written into code. This allows for a level of automation and efficiency that’s never been seen before in traditional finance.
And the best part? Ethereum is totally open source. So that means that anyone can contribute to its development; and help shape its future. This is a currency that’s truly of the people, by the people and for the people, as they say.
This is a game-changing currency that’s disrupting traditional finance in ways that we’ve never seen before. And if you’re not paying attention to Ethereum, you’re missing out on one of the most exciting developments in the financial world in recent memory.
In the words of the great philosopher Drake (yeah, no, the rapper), “Started from the bottom, now we’re here.” And with Ethereum leading the charge, the sky’s the limit.