What is Ethereum (ETH)?

 


Ethereum is a decentralized platform capable of executing smart contracts and decentralized applications using blockchain technology: They are applications that work exactly as programmed without any possibility of censorship, fraud or interference from third parties, because the contract is immutable. It has a decentralized virtual machine Turing completeness, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.
Ethereum was founded by Vitalik Buterin in January 2014, and formally presented to the community in the form of a white paper. The formal definition of the Ethereum Virtual Machine (EVM) was written by Gavin Wood.
Ethereum was funded as a crowdfunding project, being the third largest project ever funded in this way in history, and was launched on July 30, 2015.
In 2016, Ethereum forked and its blockchain was split in two thanks to the collapse of The DAO project, and with that the Ethereum Classic was born.

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  1. The most prominent Australian cryptocurrency exchanges are CoinSpot and SwyftX. If you have to choose only one, go with CoinSpot. In Australia, they have the most users, and their consumers can rest easy knowing that they are on the safest platform possible. CoinSpot vs SwyftX.

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