Ethereum is a technology for building apps and organizations, holding assets, transacting and communicating without being controlled by a central authority.
There is no need to hand over all your personal details to use Ethereum - you keep control of your own data and what is being shared. Ethereum has its own cryptocurrency, Ether, which is used to pay for certain activities on the Ethereum.
Launched in 2015, Ethereum builds on Bitcoin's innovation, with some big differences.
Both let you use digital money without payment providers or banks. But Ethereum is programmable, so you can also build and deploy decentralized applications on its network. Ethereum being programmable means that you can build apps that use the blockchain to store data or control what your app can do.
This results in a general purpose blockchain that can be programmed to do anything. As there is no limit to what Ethereum can do, it allows for great innovation to happen on the Ethereum network.While Bitcoin is only a payment network, Ethereum is more like a marketplace of financial services, games, social networks and other apps that respect your privacy and cannot censor you.
Not everyone has access to financial services. But all you need to access Ethereum and its lending, borrowing and savings products is an internet connection.
You don't need to provide all your personal details to use an Ethereum app. Ethereum is building an economy based on value, not surveillance.
Ethereum allows you to move money, or make agreements, directly with someone else. You don't need to go through intermediary companies.
No government or company has control over Ethereum. This decentration makes it nearly impossible for anyone to stop you from receiving payments or using services on Ethereum.
Customers have a secure, built-in guarantee that funds will only change hands if you provide what was agreed. Likewise, developers can have certainty that the rules won't change on them.
Since all apps are built on the same blockchain with a shared global state, they can build off each other. This allows for better products and experiences being built all the time.
If you’ve ever sent money overseas (or plan to), or had to worry about the future of your assets due to external forces outside of your control where you live, or been fed up by the numerous restrictions and fees imposed by traditional financial institutions for everyday transactions, you might be interested in what cryptocurrencies have to offer.Bear in mind that Ethereum is a story that is still being written, and many more reasons to use it are being uncovered as it evolves and develops over time.
Stablecoins are a novel type of cryptocurrency that relies on a more stable asset as the basis for its value.Most of them are linked to the United States dollar and therefore maintain the value of that currency, These allow for a very cheap and stable global payments system.Ethereum and stabelcoins simplify the process of sending money overseas. It often takes only few minutes to move funds across the gloves, as opposed to the several business days or even weeks that it may take your average bank, and for a fraction of the price. Additionally, there is no
If you are lucky enough to have multiple banking option through trusted institutions where you live, you may take for granted the financial freedom, security and stability that they offer. But for many people around the world facing political repression or economic hardship, financial institution may not provide the protection or service they need.
In times of war, economic catastrophes or crackdowns on civil liberties stuck the residents of Venezuela, Cuba, Afghanistan, Nigeria, Belarus and Ukraine, cryptocurrencies constituted the quickest and often the only option retain financial agency. as seen in these examples, cryptocurrencies like Ethereum can provide unfettered access to the g lobal economy when people are cut off form the outside world. additionally stablecoins offer a store of value when local currencies are collapsing due the super inflation.
In 2021 alone, artists, musicians, writers, and other creators used Ethereum to earn around $3,5 billion collectively. This makes Ethereum one of the largest global platforms for creators, alongside Spotify, YouTube AND Etsy.
P2E games (where players actually rewarded for playing the games) have recently emerged and are transforming the gaming industry . Traditionally , it's often prohibited to trade or transfer in game asset to other player for real money.This forces players to use black market websites that re often a security risk. Blockchain gaming embraces there in-game economy and promotes such behavior in a trusted manner.Moreover, players are incentivized by being able to trade in-game tokens for real money and thus being truly rewarded for their playtime.
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