Ethereum is both a cryptocurrency and a blockchain-based platform for creating decentralized applications. If Bitcoin is the pocket calculator that does one thing extremely well (financial transactions), Ethereum is the smartphone that supports a range of purposes and applications. On Ethereum, one can make unique transactions that only occur under certain conditions, without any need for a middleman to broker the process. These 'smart contracts' are bits of code that represent an agreement that can be self-enforced and executed.
What makes it different?
Thanks to its robust platform, Ethereum already supports thousands of decentralized applications (dApps), with more built every day.
- Project website: https://www.ethereum.org/
- Twitter handle: @ethereum