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What is Ethereum
Ethereum is a smart contract platform that allows developers to build decentralized applications (DApps) on the Ether blockchain. Ether is the native digital currency of the Ether platform.
Ether is funded in part by the Ether Foundation, a non-profit organization under the Ether ecosystem. The Ether ecosystem also includes many joint ventures, such as the Ether Enterprise Alliance.
How does the Ethereum work?
In 2013, Vitalik Buterin conceived of Ether, with the idea of making it an open source blockchain platform distinct from Bitcoin, and so smart contracts were born. On the Ether blockchain, a smart contract is like a self-running computer program that executes automatically when certain conditions are met. The blockchain enables the moving smart contract code to run exactly as programmed, thus avoiding downtime, censorship, fraud or third-party interference.
The ethereum network went live on July 30, 2015 with 73 million ethereum pre-mined.
What are the features of Ethereum?
Developers can build DApps on the Ether platform, and DApps are used for a wide range of purposes, from creating new types of digital assets, to censorship-resistant web applications, to decentralized autonomous organizations, and more.
Ether is the local currency of the Ether blockchain and is also used as a digital currency that can be sent instantly to anyone in the world. Ether can be used both as a payment method and as a store of value.
How do I get Ethereum?
If you do not want to engage in Ether mining (mining is very expensive unless you are a professional miner), you can buy Ether coins on cryptocurrency exchanges. Click on the Trading Pairs tab for the latest trading pairs and exchange coin lists for Ether. Be sure to do your research carefully before choosing an exchange. You can also store Ether on an exchange or in a hot or cold wallet.