What Is Ethereum?

Ethereum is an open source system, its design is public, it has its own blockchain. The next question that pops up is: what is the difference between bitcoin and Ethereum? Ethereum uses smart contract. A smart contract is a number of self-executable codes, representing regulations or rules which are implemented on the blockchain to supervise it. An example of a smart contract could be a will that comes with a condition that all the property has to be donated to an NGO after that person’s death.

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