What Is Ethereum?

October 06, 2021

In a year in which crypto started penetrating the mainstream, it hasn’t been Bitcoin taking the lead. It’s been Ethereum—the blockchain network encompassing the world’s second-most-valuable cryptocurrency, ether.

With a market capitalization of $400 billion, ether is nearly as valuable as J.P. Morgan, America’s largest bank. That’s a pretty good benchmark, because Ethereum is the No. 1 platform for decentralized finance (DeFi), which is arguably the biggest threat to traditional finance, and what some have called crypto’s first “killer app.”

But Ethereum is much more than just DeFi. The  platform can support countless applications, financial or otherwise. Developers are just beginning to find out what this general purpose blockchain platform is capable of.

Anyone who wants to know what is going on in the crypto world has to keep an eye on the Ethereum ecosystem.

Check out our Ethereum Crypto Report to learn more. This is the second of several reports we will be releasing over the coming weeks, breaking down in simple terms various cryptocurrencies and other crypto assets.

Email Sumit Roy at [email protected] or follow him on Twitter @sumitroy2

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