Ethererum has become the second-largest cryptocurrency in terms of market cap as of May 2017. It is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. The system went live on 30 July 2015. There are many aspects of Ethererum that could outperform bitcoin, such as scalability, cost, speed. Earlier this year, Enterprise Ethereum Alliance (EEA), which is founded by Microsoft, Intel, JP Morgan and 30 others finance and technology companies, is established to apply the Ethererum technology for commercial use.



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