In brief terms Ethereum is an open programming platform built on blockchain technology. It's used for creation of decentralized applications of all kinds. Also Ethereum is used for cryptocurrency transactions. It has its own currency called Ether or ETH. What are its special features and what can Ethereum do for you?Short Guide to EthereumWhen was Ethereum founded?
It was founded in 2014 by Canadian programmer Vitalik Buterin. His main idea was to create a blockchain platform like Bitcoin but with more functions.But what's the real difference between Bitcoin and Ethereum?
Bitcoin is used only for cryptocurrency transactions. Ethereum was created mainly for writing applications running on so-called "smart contracts". Though you can use Ethereum for cryptocurrency transactions it's not the main purpose of its existence. That's why in fact Ethereum looks more promising than Bitcoin. Ethereum is not just about cryptocurrency. It's universal and multifunctional. Without any doubt in the nearest future Ethereum will become № 1 blockchain platform in the world.What is a smart contract?
It's a self-executing program based on blockchain technology. In order to verify a smart contract you'll need a digital signature. A smart contract
can be used for many goals like payments for goods or services or for establishing ICO (initial coin offering). Smart contracts can be rather simple or include a lot of additional functions or terms. In many ways they are alike to written contracts.