What is Ethereum?

Ethereum (ETH) is a digital currency project built on Blockchain technology with the ability to execute smart contracts.

Ethereum is an open-source, distributed computing platform based on blockchain technology with the ability to execute smart contracts - that is, the terms written in the contract will be executed automatically when the previous conditions are satisfied, without anyone being able to intervene.

Ethereum is a Layer 1 Blockchain project that allows many programmers to build decentralized applications (DApps) and decentralized autonomous organizations (DAOs). In which:

  • Decentralized applications (DApps - Decentralized Application) are independently deployed software, not located on a single server but stored in a distributed manner on a decentralized repository and can be written in any language.

  • Decentralized Autonomous Organizations (DAOs) are organizations run by members based on a set of rules encoded in code. All members have the right to vote to make important decisions of DAOs.

Ethereum has its native cryptocurrency ether (ETH). Ether is a cryptocurrency (digital cryptocurrency) built in 2013 by Vitalik Buterin, often referred to as cryptocurrency 2.0.

See details: What is Ethereum and how does it work?


Vietnamese: Ethereum là gì?