The communal network for thousands of decentralised services.
Ether (ETH) is the digital asset created to serve as a piece of the communal Ethereum network for countless decentralised services, the first network of its kind.
The Ethereum network is home to thousands of applications such as smart contracts, decentralized finance (DeFi), e-commerce and peer-to-peer trading.
Unlike Bitcoin, the Ethereum network is customisable and can be programmed to fit the initiatives embedded in its software. It is still, however, a fully-decentralised blockchain where no individual or organisation is controlling its execution.
With Zerocap’s OTC services and custody, our clients buy the underlying asset with post-trade settlement under clear assurance that the ethereum is fully insured and secured through our multi-party computational wallets.
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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It was proposed in 2013 by Vitalik Buterin, a programmer and cryptocurrency researcher. The Ethereum network was officially launched in July 2015, with the launch of the Genesis block.
The Ethereum network is based on the same underlying technology as Bitcoin, the blockchain, but it has some key differences. One of the main differences is that Ethereum has a built-in programming language, called Solidity, which allows for the creation of smart contracts. Smart contracts are self-executing contracts with the terms of the agreement written directly into code. This enables the automation of various processes, such as the transfer of assets, without the need for intermediaries.
Ethereum also has its own cryptocurrency, Ether (ETH), which is used as a means of exchange and as a form of payment for transaction fees on the network. Ether is also used to pay for the computational power needed to run smart contracts and dApps on the network, through a process called Gas.
One of the main use cases for Ethereum is the creation of decentralized applications (dApps), which are applications that run on a decentralized network and are not controlled by any single entity. DApps can be used for a wide range of purposes, such as online marketplaces, prediction markets, and gaming platforms.
Another use case for Ethereum is the creation of decentralized finance (DeFi) applications, which allow for the creation of financial services such as lending, borrowing, and trading, on a decentralized network. This has the potential to provide greater financial inclusion and accessibility, as well as greater transparency and security.
Ethereum also has the potential to be used in various industries, such as supply chain management, identity verification, and voting systems. It has also been used in the non-fungible token (NFT) market, which allows for the creation and trade of unique digital assets such as art, music, and collectibles.
In summary, Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It was proposed in 2013 by Vitalik Buterin and launched in 2015. Ethereum has its own cryptocurrency Ether (ETH), which is used as a means of exchange and as a form of payment for transaction fees and computational power. The main use cases of Ethereum are the creation of dApps, DeFi applications and it has the potential to be used in various industries.