Ethereum launched in the summer of 2015 with the intention of expanding the use cases for blockchain and cryptocurrency beyond Bitcoin's initial scope to include all kinds of decentralized applications, including crowdfunding and permissionless financial services.
Ethereum was intended to function as a "global computer" that would permit app developers to publish and execute applications based on smart contracts, which are programmable scripts that facilitate the movement of digital assets.
Ether (ETH), the native cryptocurrency of Ethereum, serves as "gas" for smart contract transactions and provides an incentive structure comparable to Bitcoin (BTC) for network security and upkeep.In order to safeguard the network from malicious actors' attacks and inefficient code, this serves as a security measure.
At Crypto Express, we track the development of the Ethereum industry.Will it become necessary infrastructure for an internet that is more open and free?Or will other traditional or smart contract platforms vying for mind and market share surpass it?
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