Ethereum is the largest altcoin in the cryptocurrency market, the second most popular and capitalized digital asset in the world, one of the leading cryptocurrencies today. It is a decentralized computing platform developed on blockchain technology; is a cryptocurrency (the exchange rate of Ethereum is the second largest after Bitcoin), as well as a programming language. Ethereum is capable of much more than just exchanging virtual money: users can implement their own program and interact with applications developed by other users. The system is flexible, and Ethereum allows you to create complex projects on your own.
Ethereum appeared on the crypto market in 2015, the author of the concept is Vitaly Buterin, the creator of Bitcoin Magazine. ETH was designed not so much as a payment system, but as a basis for the implementation of blockchain technology. The main idea of the project is to provide developers with the ability to generate and run code in a distributed network, which, in fact, cannot be influenced from the outside. And this means that users have much more freedom in the context of creating decentralized applications.
Ethereum is a cryptocurrency that performs the functions of a transferable means of payment, but unlike other virtual assets, the role is not limited to this. Smart contracts, Ethereum's computer algorithms, can be applied in a variety of areas, thereby opening up new opportunities for creating and maintaining financial platforms.
Ethereum belongs to a different generation and application of blockchain technology than Bitcoin. It is the first in the wave of second-generation blockchains and to this day is the most popular and widespread in this segment.
Each Ethereum user must have a certain amount of the respective cryptocurrency. With the increase in the number of applications on the network, the demand for its asset is also growing, and there are more and more people who want to buy Ethereum. Increased attention to the project from global companies and a significant expansion of the use of Ethereum make the cryptocurrency more and more popular and in demand.