The beginning of smart contracts and decentralized applications. The beginning of smart contracts and decentralized applications. | 10% for @tron-fan-club

The year 2015 is very significant year in the decentralized application world of blockchain technology and smart contract. It is marked a significant milestone in the world of blockchain technology with the launch of the Ethereum blockchain. Lot of change have been found in the world of blockchain world with decentralization and smart contract to the smart contract in blockchain introduced by the visionary Vitalik Buterin. Ethereum introduced groundbreaking features such as smart contracts and decentralized applications (DApps). It opened up a new realm of possibilities for decentralized and autonomous systems.

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The main contribution of ethereum is the introduction of the innovative smart contract. These self-executing contracts are written in code and stored on the Ethereum blockchain. Mainly with the help of smart contract without need of intermediaries the agreements can be executed automatically in this network. They define the terms and conditions of a contract and automatically execute actions when predefined conditions are met. This introduced a new level of transparency, efficiency and trust in digital transactions.

The launch of Ethereum also marked the birth of decentralized applications or DApps. DApps are software applications that run on the Ethereum blockchain. DApps offer numerous advantages over traditional centralized applications like enhanced security, censorship resistance and user control over data. Ethereum's platform provided developers with the tools and infrastructure to build and deploy their own DApps. This wonderful feature of ethereum blockchain ecosystem helped the developers to develop their own decentralized application on this chain. This public feature of ethereum blockchain made it very attractive to the developers to work on the network.

So the initiation of ethereum blockchain was a huge milestone for the blockchain and crypto world. With the help of smart contract the digital transaction is now very secured and easy. And with the help of the decentralised application all the features of applications is being achieved but in decentralized nature. So it is obviously a wonderful thing for the blockchain world the year 2015 the initiation of ethereum.