EthereumEthereum2$ 2,929.090.15%-0.14%1.09%details is a blockchain-based software platform that is primarily used to support the world’s second-largest cryptocurrency by market capitalization after BitcoinBitcoin1$ 51,978.460.18%-6.01%-15.89%details.
Like other cryptocurrencies, Ethereum operates on a decentralized computer network, or distributed ledger called a blockchain A blockchain is a digital ledger of transactions that works from a decentralized network.Learn more, which manages and tracks the currency. It can be useful to think of a blockchain as a running receipt of every transaction that’s ever taken place in the cryptocurrency.
While the whole field is referred to in terms of currency, it may be more useful to think of crypto as a token that can be spent for a specific purpose enabled by the Ethereum platform.
For example, sending money or buying and selling goods are functions enabled by the coin. But Ethereum can do a lot more, and it can also form the basis for smart contracts Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met.Learn more and other apps.
Ethereum can power a number of applications offering a wide range of functions:
Think of Ethereum as a token that powers various apps rather than as merely a cryptocurrency that allows users to send money to each other.
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