What is Ethereum?
Ethereum is a blockchain based decentralised platform, that can execute peer-to-peer smart contracts using a crypto-fuel called Ether. Smart contracts are scripts that automatically execute task when certain conditions are met. Ether is the second most popular cryptocurrency.
Real World Example
A simple smart contract states that “pay James 10 euro if he submits a 5,000 word article on cryptokitties by the 31st October 2018”. If this condition is met the contract will automatically execute and pay James.
The Ethereum platform is so popular that it is utilised by 77% of all ICO companies projects.
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