Ethereum (ETH)

Ethereum is a smart contract platform that allows developers to create tokens and decentralised applications (dapps). ETH is the native currency of the Ethereum platform and also serves as a transaction fee for miners on the Ethereum network. Ethereum is the first blockchain-based smart contract platform. A smart contract is basically computer code that operates exactly as intended with no chance of downtime, censorship, fraud, or external intervention. It can facilitate the exchange of money, content, real estate, stock options, or anything else of value. When running on the blockchain, a smart contract functions similarly to a self-operating computer program that executes automatically when certain circumstances are satisfied.

Ethereum enables programmers to run fully customizable smart contracts. Rather than providing a limited set of functions, Ethereum gives developers unlimited control over the customization of their smart contracts, allowing them to create unique and innovative applications. As the first blockchain-based smart contract platform, Ethereum has grown in popularity, driving other rivals to compete for market share. The rivals include Ethereum Classic, the older version of Ethereum, Qtum, EOS, Neo, Icon, Tron, and Cardano. Ethereum wallets are quite easy to set up, with several popular options available, including myetherwallet, metamask, and Trezor.

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