Everything You Need to Know About Ethereum | #VentureCanvas
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Bitcoin might be leading the crypto arms race right now, but Ethereum is charging right behind. As a software platform that issues the second largest cryptocurrency in the world and aims to create a decentralized version of the internet, Ethereum is a technology you definitely don’t want to overlook.
What is Ethereum?
Ethereum is a blockchain-based software platform that hosts a decentralized app store and payment system on its network. On Ethereum, users can build distributed applications with no regulation or censorship and use smart contracts to conduct safe and reliable transactions with each other.
Launched in 2015, Ethereum uses blockchain technology to replace centralized computing systems that store people’s data. Common examples of these centralized computing systems are Apple and Google, which regulate the types of apps in their app stores. Another example of a centralized computing system is Amazon, which stores your credit card information and other personal data.