Ethereum is a decentralized platform that runs smart contracts.
Ethereum is a decentralized platform that runs smart contracts
This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yeT = all without a middleman or counterparty risk. The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profiT = with contributions from great minds across the globe.