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Ethereum was created in 2015 by a man named Vitalik Buterin.
Vitalik Buterin had a vision not only to have a decentralized cryptocurrency (like Bitcoin), but also to allow the creation of decentralized applications on the Ethereum blockchain that use Smart Contracts.
The whole idea of a block chain is to remove the power from third parties and allow the user to manage their own data.
Platform: x86, AMD64, ARM
Initial release date: 30 July 2015
Operating system: Clients available for Linux, Windows, macOS, POSIX, Raspbian
License: GPLv3, LGPLv3, MIT
Written in: Go, C++, Rust, Solidity
What is a Decentralized Application?
“Ethereum is a decentralized platform that implements smart contracts: applications that work just like programmed, without any possibility of downtime, censorship, fraud or third-party interference.
These applications are launched on a personalized blockade, a huge shared global infrastructure that can move value and represent the ownership of property.
This allows developers to create markets, keep records of debts or promises, transfer funds in accordance with long-standing instructions (such as a will or futures contract) and many other things that have not yet been invented, all without a middle man or counterparty risk.”
What is BlockChain?
In simple terms, BlockChain is a decentralized computer network with some sort of memory. It captures the essence of Blockchain: “decentralization and memory.”
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