10 Quick Facts About Ethereum You Don't Know

What is ETH? Ethereum is used to run decentralized applications (dapps) that allow users to make direct agreements and transactions. The sole purpose of the creation of ethereum was to democratize everything from organizations, institutions to governments.

Ethereum was a crowdfunded project

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It was co-founded by a millennial

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Banks and tech giants actually like Ethereum

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Ether is the crypto unit, not Ethereum

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It is more than just a cryptocurrency

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Ethereum platform is an open-source

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Ethereum is not bound by limits like Bitcoins

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Ethereum hosts a majority of ICOs

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Smart Contracts These peer-to-peer contracts act as a means of collateral. The main goal of Ethereum services was to support smart contract deals

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Ethereum is switching to Proof of Stake

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