Ethereum, a Virtual Currency, Enables Transactions That Rival Bitcoin’s

Ethereum, a Virtual Currency, Enables Transactions That Rival Bitcoin’s

3/29/2016

link

https://www.nytimes.com/2016/03/28/business/dealbook/ethereum-a-virtual-currency-enables-transactions-that-rival-bitcoins.html

summary

This New York Times article explores Ethereum, a virtual currency and decentralized platform that enables transactions using blockchain technology. It explains how Ethereum differs from Bitcoin by offering additional capabilities and programmability, which allows for the creation of smart contracts and decentralized applications. The article discusses the potential impact of Ethereum on various industries, including finance, healthcare, and supply chain management. It also highlights the challenges and controversies surrounding Ethereum, such as the infamous hack of the DAO (Decentralized Autonomous Organization). Overall, the article presents Ethereum as a promising technology that has the potential to revolutionize the way we conduct transactions.

tags

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