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Ethereum is a decentralized platform that executes intelligent contract applications that run exactly as scheduled without the possibility of downtime, censorship, fraud or third-party interference. These applications run on a custom blockchain, a hugely powerful shared global infrastructure that can move the value and represent ownership of the property. This allows developers to create markets, store records of debts or promises, move funds according to instructions given in the past (such as a will or a futures contract) and many other things that have not yet been invented, all without intermediaries or intermediaries. counterparty risk. The project was initiated by an ether presale in August 2014 by fans from around the world. It is developed by the Ethereum Foundation, a Swiss non-profit organization, with contributions from great minds around the world.
In traditional server architectures, each application must configure its own servers that run their own code in isolated silos, making it difficult to exchange data. If a single application is compromised or disconnected, many users and other applications will be affected. In a chain of blocks, anyone can configure a node that replicates the necessary data so that all the nodes reach an agreement and are compensated by the users and developers of the application. This allows user data to remain private and decentralized applications, as the Internet was supposed to work.

The ether is a cryptocurrency whose chain of blocks is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate the participating mining nodes for the calculations made. Ethereum provides a complete decentralized virtual Turing machine, the Ethereum virtual machine (EVM), which can execute scripts using an international network of public nodes. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

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