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What is Ethereum?

Ethereum / ETH is one of the many decentralized platforms in the marketplace, it basically runs a smart contracts. A system that was designed by expert programmers to run without the possibility of censorship, fraud, downtime or even interference from third party.

Like what other does, the application is a blockchain custom build, it has enormous digital power that is shared globally that can immediately move value around the globe and represent property ownership. The system enables the users create market, move funds according to rules and store registries of debt/ promises. All of these things without the assistance of middle man or a risk that could happen on a counterparty.

The midst of August 2014 the project bootstrapped on its pre-sale by its funs around the globe. The system was developed by Ethereum Foundation, a Swiss based nonprofit organization with the help of the great minds globally.

From time to time, you can create digital token that is tradable and can be used as currency, representation of asset, virtual share, and proof of being a member or anything. The token uses a standard API, so contract will be compatible to any wallet.