What is the purpose of the Ethereum?
When asked by Joseph Lubin, one of Ethereum's main developers, about the purpose of the network, he replied:
Ethereum was created so that we would not need any bank, company or institution other than ourselves to do our life.
In 2008, an anonymous person named Satoshi Nakamoto introduced Bitcoin. Bitcoin is arguably the first decentralized, digital, and distributed monetary system. With the help of a concept called "blockchain", the Bitcoin network distributes money transaction information to computers around the world instead of banking and central servers, allowing independent value for money (money) anywhere, regardless of companies, governments or intermediaries. Transmit from the world.
Ethereum has gone one step further and enabled decentralized execution of computer code (smart contract) so that we can decentralize other processes in addition to money.
The introduction article (Whitepaper) of this project was published in 2013, and in 2015, the Ethereum network officially started operating. The main idea of ??the project is a young Russian-Canadian named Vitalik Buterin, who was a supporter of Bitcoin and inspired the idea of ??"decentralizing everything" with Bitcoin.
