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Ethereum (ETH) about coinmarketcap
Rank 2
What Is Ethereum?
The official Ethereum website defines Ethereum as “a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.”
Unfortunately, that isn’t too handy a definition for beginners. Simply put, Ethereum is a digital platform does two things:
It allows anyone to make use of unused computing power, and,
It allows anyone to write failproof applications, called smart contracts.
Ethereum comes with its own cryptocurrency called Ether. As users donate their computing power to fuel the highly-informational system, a process known as mining, the system rewards them with Ether. Anyone who wants to make use of Ethereum’s contract platform has to pay using Ether, which they need to mine themselves or purchase from others
Market Cap=$47,423,296,731 USD
Circulating Supply=100,514,186 ETH
markets=400
Starting price Friday,Aug 7,2015 Open:467.55
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