Ethereum is an open source public blockchain platform with smart contract functions. Through its dedicated cryptocurrency Ether (Ether, also known as "Etherecoin"), it provides a decentralized virtual machine (called "Ethereum Virtual Machine" EthereumVirtualMachine) to process peer-to-peer contracts. The concept of Ethereum was first proposed by programmer Vitalik Butlin from 2013 to 2014 after he was inspired by Bitcoin. The idea is "the next generation of cryptocurrency and decentralized application platform". In 2014, it was launched through ICO crowdfunding. Can start to develop. As of June 2018, Ethereum is the second-highest cryptocurrency by market value. Ethereum is also known as the "second-generation blockchain platform", second only to Bitcoin. Compared with most other cryptocurrencies or blockchain technologies, the features of Ethereum include the following: Smart contracts: programs stored on the blockchain, run by each node, and the person who runs the program needs to pay a fee To the miners or stakeholders of the node. Tokens: Smart contracts can create tokens for use by distributed applications. The tokenization of distributed applications aligns the interests of users, investors, and managers. Tokens can also be used for initial coin offerings.
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