Ethereum also allows users to create and exchange NFTs, which are unique tokens representing ownership of an associated asset or privilege, as recognized by any number of institutions. Decentralized finance (DeFi) applications provide a broad array of financial services without the need for typical financial intermediaries like brokerages, exchanges, or banks, such as allowing cryptocurrency users to borrow against their holdings or lend them out for interest. Ethereum allows anyone to deploy permanent and immutable decentralized applications onto it, with which users can interact. In 2014, crowdfunded development work began went live on 30 July 2015. Additional founders of Ethereum included Gavin Wood, Charles Hoskinson, Anthony Di Iorio and Joseph Lubin. Įthereum was conceived in 2013 by programmer Vitalik Buterin. Among cryptocurrencies, Ether is second only to Bitcoin in market capitalization. Ether ( ETH or Ξ) is the native cryptocurrency of the platform. ![]() London / 5 August 2021 8 months ago ( )Įthereum is a decentralized, open-source blockchain with smart contract functionality. Ethereum Foundation, Hyperledger, Nethermind, OpenEthereum, EthereumJS
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