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What is Ethereum?

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What Is Ethereum?


In 2015 a team led by a developer by the name of Vitalik put together an open-source platform built on blockchain technology called Ethereum. 


The platform would give developers the ability to develop their own form of cryptocurrency or tokens through the use of “ smart contracts'' and decentralized applications. Instead of traditionally going through a lawyer or a different type of middlemen the agreement made is held up through the programmed smart contract and the system runs like a digital vending machine executing the contract by itself when certain prerequisites are met.