Ethereum

The creators of Ethereum (abbreviated as ETH) chased the standard aims for the authors of cryptocurrencies improving Bitcoin. P​ublication from catalogue CryptoDeFix. Unlike other cryptocurrencies, the authors don’t limit the role of ether to payments, but offer it, for example, as means for exchanging resources or registering transactions with assets using smart contracts.

ETH platform is designed to create and operate decentralized applications based on the blockchain using smart contracts (computer algorithms that ensure the holding of contracts within the blockchain, designed so that the holding of a certain action occurs only when certain conditions are met). The platform allows you to create decentralized projects on the blockchain, starting from charitable foundations, and ending with sports betting applications or poker rooms. At the same time, the platform is open, so everyone can get access to it.

Due to the technology, a person may register any transactions with any assets, which are based on a distributed database of contracts, without resorting to traditional legal procedures. Starting a personal blockchain project based on Ethereum is quite simple and relatively inexpensive. It is characteristic that ETH platform accepts any programming language, including visual programming languages, that makes it so universal and flexible.

The functionality of ETH network allows to: Run smart contracts of increased complexity for managing logistics chains. Create applications of any type (games, utilities, etc.). Digitize physical assets (oil, gold, precious stones, industrial goods). Manage clients identification and document authentication services. Set up decentralized trading platforms.