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WHAT IS ETHEREUM?

 Ethereum is open access to digital money and data-friendly services for everyone — no matter your background or location. It’s a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today.

Banking for everyone: Not everyone has access to financial services. But all you need to access Ethereum and its lending, borrowing, and savings products is an internet connection.

A more private internet: You don’t need to provide all your personal details to use an Ethereum app. Ethereum is building an economy based on value, not surveillance.

A peer-to-peer network: Ethereum allows you to move money, or make agreements, directly with someone else. You don’t need to go through intermediary companies.

Censorship-resistant: No government or company has control over Ethereum. This decentralization makes it nearly impossible for anyone to stop you from receiving payments or using services on Ethereum.

Commerce guarantees: Ethereum creates a more level playing field. Customers have a secure, built-in guarantee that funds will only change hands if you provide what was agreed. You don’t need large company clout to do business.

Compatibility for the win: Better products and experiences are being built all the time because Ethereum products are compatible by default. Companies can build on each other’s success.

Source: https://ethereum.org/en/what-is-ethereum/

Related topic you may interest

Tether (cryptocurrency)

What Are Stablecoins?

What is a cryptocurrency and how does it work?

What is Blockchain Technology?

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