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Ethereum (ETH)

ICO

Published: Aug 26, 2018

Open source platform to write and distribute decentralized applications.

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Overview

Project industry	Blockchain Infrastructure / Ethereum Ecosystem / EVM / Node
Product type	Technology

What is Ethereum

Ethereum is a decentralized global software platform powered by blockchain technology. It is most commonly known by investors for its native cryptocurrency, ether (ETH), and by developers for its use in blockchain and decentralized finance application development.

Ethereum is essentially a single decentralized system that runs a computer called the Ethereum Virtual Machine (EVM). Each node holds a copy of that computer, meaning that any interactions must be verified so everyone can update their copy.

Also, like Bitcoin, all Ethereum transactions are entirely public. Miners broadcast completed blocks to the rest of the network, confirming the change and adding the blocks to everyone’s copy of the ledger. Confirmed blocks cannot be tampered with, serving as a perfect history of all network transactions.