Ethereum

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.

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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.

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Margaret Rouse

Margaret is an award-winning technical writer and teacher known for her ability to explain complex technical subjects to a non-technical business audience. Over the past twenty years, her IT definitions have been published by Que in an encyclopedia of technology terms and cited in articles by the New York Times, Time Magazine, USA Today, ZDNet, PC Magazine, and Discovery Magazine. She joined Techopedia in 2011. Margaret's idea of a fun day is helping IT and business professionals learn to speak each other’s highly specialized languages.