Ethereum is a decentralized platform or network that facilitates smart contracts. A smart contract is a piece of computer code which will run exactly as programmed without stopping as long as the network is up. In that there is a wide distribution of the Ethereum Network it essentially becomes immutable and impervious to censorship, fraud, or third party interference. Started in 2014 it has rapidly grown to be the largest Smart Contract platform and has consistently been in the top ranked currencies by both market cap and volume. It is technically a Hard Fork of original protocol which is now called Ethereum Classic.
Largest number of resources of any smart contract protocol
More scalable and additional functionalities compared to Bitcoin
Very diverse use cases and capabilities of the network
A majority of TGE’s(Token Generation Event) are done on the Ethereum Network
A variety of Dapp’s (Decentralized Application) help increase its usefulness.
Ethereum blockchain based platform that is currently a POW(Proof of Work) protocol and is in the “Homestead” stage. It is currently in the process of moving to a combined POS (Proof of Stake) / POW protocol which will have many additional features to help with scaling. This new release will be called “Metropolis”. Ethereum and associated components are programmed in Solidity. Ether is the currency the native cryptocurrency of the network.
