What is ETH?

It defines itself as a platform for decentralized applications of Lucas. Manages "smart contracts: applications that work just as programmed without any possibility of being disabled, censored, fraudulent, or third-party intrusion." Depends mainly on the protocol. And increase it by enabling developers to create applications and markets or store debt records and new ownership rules.

Ethium is the first and most famous platform for smart contracts. Appeared in August 2014. It is a new and sophisticated server model, eliminating third party presence in contracts. Protects against problems that exist in third-party contracts such as internal and external attacks and piracy or by governments and large technology companies.

The etherium platform features high security, privacy and encryption. It is impossible to modify contracts or fraud is very accurate. The etherium is similar to the world's largest computer and is actually a set of devices connected to the etherium network around the world to execute the order and complete the contract and confirm its validity. In return, all network operators get the ether equivalent (ether). The Ether coin acts as fuel for smart contracts.

The etherium system combines the Betquin algorithm with the smart contract system. It is still in its early stages of development and yet has won numerous partnerships and international companies such as Microsoft. Many see that the etherum path is green.