What is ETH? | How does it Work? | Financial Global News

Ethereum, launched in 2015, is the second largest cryptocurrency by market cap after Bitcoin. But unlike Bitcoin, it is not designed to be digital money.

Instead, the founders of Ethereum set out to create a new type of global decentralized computer system that required the security and openness of blockchains and extended those attributes into a variety of applications.


Everything from financial instruments and games to complex databases is already running on the Ethereum blockchain.And its future potential is determined by the imagination of the developers. As the Ethereum nonprofit put it, "Ethereum can be used for decentralization, security and commerce."