Ethereum is a decentralized stage that runs savvy contracts: applications that run precisely as programmed without any probability of downtime, censorship, misrepresentation or third-party interference. These applications keep running on a custom constructed blockchain, an immensely powerful shared worldwide infrastructure that can move value around and represent to ownership of property.
This empowers developers to create markets, store registries of debts or guarantees, move funds as per instructions are given long before (like a will or a prospects contract) and numerous different things that have not been invented yet, all without a middleman or counterparty hazard. The project was bootstrapped through an Ethereum presale in August 2014 by fans all around the globe. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
The aim of Ethereum is to make an elective convention for building decentralized applications, giving an alternate arrangement of trade-offs that we believe will be exceptionally valuable for an expansive class of decentralized applications, with specific accentuation on circumstances where rapid development time, security for small and seldom utilized applications, and the ability of various applications to productively communicate, are critical. Ethereum executes this by building what is essentially a definitive conceptual foundational layer: a blockchain with a built-in Turing-complete programming language, enabling anyone to compose smart contracts and decentralized applications where they can make their own arbitrary subjective guidelines for ownership, transaction formats and state transition functions. A stripped-down variant of Namecoin can be composed in two lines of code, and other protocols like currencies and reputation systems can be built in less than twenty. Smart contracts, cryptographic "boxes" that contain value and only unlock it if certain conditions are met, can likewise be based over the platform, with vastly more power than that offered by Bitcoin scripting due to the additional forces of Turing-completeness, value-awareness, blockchain-awareness and state.
2. Coin Summary
Total Supply：99,197,845 ETH
Block time：Approx. 15-17 sec/block
3. Useful Links
Official Website: https://www.ethereum.org/
Block Explorer: https://etherscan.io/