The platform aims to become the go-to global platform for decentralized applications, providing blockchain technology on which developers can write and run software that is averse to downtime, censorship and fraud. Since its launch in 2015, the cryptocurrency has grown in value by 9,000%
Not only a firm favourite when it comes to facilitating dApp creation, Ethereum has also firmly established itself as the most used platform for Decentralized Finance (DeFi) applications. It is estimated that the DeFi industry currently makes up 1.5% of the entire cryptocurrency market capitalization.
Ethereum first introduced smart contract functionality to the blockchain world. Smart contracts are digital agreements that don’t require a third party and can execute automatically once the predetermined conditions are met.