What is Ethereum?

Ethereum, or as they we called, Ethereum is a public distributed computing platform based on a blockchain, which allows you to execute a transaction on equitable smart contracts using its own cryptocurrency, called ether.Platform Ethereum was first proposed at the end of 2013, the year programmer of Russian origin, Vitaly Butterini, who was doing research in the field of cryptographic currencies. The development of its own platforms for it has become possible thanks to crowdfunding and already the 30th of July 2015, the year the Ethereum was launched officially.

The cost of the platform Ethereum block chain is determined by the currency is called Ether, which can be exchanged for any other usual cryptocurrency. The main feature of the platform is the use of Ethereum smart contracts that can be used to conclude any transactions without the need to resort to legal procedures. From a programmatic point of view, the Ethereum contracts can be any applications written in different languages, because they are represented as classes.