What is Ethereum?
With the launch of Ethereum in the summer of 2015, the use cases for blockchain technology and cryptocurrencies were intended to be broadened beyond the original purview of Bitcoin to include all fashions of decentralized applications, including crowdfunding, permissionless financial services, and new organizational models.
As a “universal machine,” Ethereum was intended to let programmers create and run apps enabled by smart contracts, which are programmed protocols that ease the exchange of digital assets.
We at CryptoAnnals are tracking the development of the Ethereum community. Will it become a crucial component of the network for a freer, more open internet? Or will it lose out to competing smart contract (or conventional) platforms battling for customers’ attention and market share?