Ethereum

Definition - What does Ethereum mean?

Ethereum is a contract management platform created by the Ethereum Foundation, a Swiss nonprofit group. It uses the digital financial ledger technology blockchain to create contracts that the foundation calls “smart contracts” that utilize blockchain to provide a static and consistent ledger record.

Techopedia explains Ethereum

By allowing the customization of secure cryptocurrency, Ethereum helps provide much more versatile financial systems that manage to achieve key transparency goals. Users can rely on Ethereum to craft contracts, customer loyalty systems, specific kinds of financial transactions, and crowdsource financial support. The Ethereum foundation documents many different kinds of projects underway at its website. Ethereum works with programs created in languages like C++, Python and Java. An open source developer can unity helps to support the use and implementation of Ethereum.

This definition was written in the context of Crypto-currency
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