Ethereum

Ethereum is a cryptocurrency that is often referred to as the first decentralized "world computer" and as a blockchain-based platform for smart contracts. Ethereum allows nodes in its decentralized network to execute code in environment known as an Ethereum Virtual Machine (EVM). This allows users to build their own distributed applications and protocols at scale, and share them with others.

In the two years since its launch, Ethereum has become one of the largest cryptocurrencies in terms of market capitalization, valued close to $100 billion in late 2020. It is also among the most active blockchains with large user-base, rivaled only by Bitcoin.

While Bitcoin may have kicked off the blockchain revolution, Ethereum is capable of driving further decentralization across countless new industries, due to its ability to execute code on the blockchain, instead of merely running a coin ownership ledger.

The core development team behind Ethereum are making continual efforts toward creating new use cases for Ethereum, including support for DeFI (decentralized finance) products, stablecoins and non-fungible tokens (NFTs). With its flexibility and scalability, it is not hard to see why many believe Ethereum will become the largest global cryptocurrency in near future.