- Ethereum is a blockchain based system
- Ethereum has its own currency like bitcoin
- Ethereum has ONE MORE THING that can make it a bitcoin 2.0, or maybe internet 2.0
Its all like bitcoin, but there is one more thing. That thing is contract/program/app/robot. Meaning that anyone can create a contract/program/app/robot and put it there – in the Ethereum blockchain – for everyone to use. Can you see how awesome this is? Contract/program/app/robot once it`s out there, it cannot be change, but it can do the other stuff, including sending and receiving money. So… Crafted carefully a program/app/robot can do virtually anything. It can be a free service.
We will see how it will play out, but there is A LOT potential here. Some people will say that we are going to build a first giant computer. Time will tell.
to dive deeper, visit their website: https://www.ethereum.org/
or you can watch this kind of geeky video:
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