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Ethereum (blockchain)

Launched in July of 2015, Ethereum is one of the world’s leading programmable blockchains with two basic functions: a blockchain that can record transactions, and a virtual machine that can produce smart contracts. This programmability allows developers to build decentralized applications (DApps) off its smart contract technology, unlike Bitcoin, which can only be used as a payment system. Examples of DApps built on the Ethereum network include, but are not limited to:

  • ERC-20 tokens that can function as a currency, a share in a company, points in a loyalty program, or even proof of ownership
  • Cryptocurrency wallets
  • Financial applications
  • Decentralized markets
  • Games where you own in-game assets or actual currency
Note: These are non-technical definitions meant for a general audience and should not be used as legal definition
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