Etherum

Ethereum is a Blockchain or Distributed Accounting Technology (DTL) with a full integrated Turing programming language, a blockchain computer, which allows anyone to write intelligent contracts and decentralized applications by simply writing the logic in a few lines of code.

The Ethereum protocol was originally conceived as an improved version of the Bitcoin cryptocurrency, to overcome the limitations of its programming language, by providing advanced features such as custody over the blockchain, withdrawal limits, financial contracts, gambling market and the like. through a very generalized programming language.

In Ethereum, a basic version of Namecoin, the decentralized name registry database, can be written in two lines of code, and other protocols such as coins and reputation systems can be built in less than twenty lines. Smart contracts, cryptographic "boxes" that contain value and only unlock if certain conditions are met, can also be incorporated on top of the platform, with much more power than that offered by the Bitcoin script due to the added power of the full Turing.

The Ethereum protocol does not "support" any of the applications directly, but the existence of a complete Turing programming language allows arbitrary contracts theoretically to be created for any type of transaction or application. What is most interesting about Ethereum, however, is that the Ethereum protocol moves far beyond the coin. Protocols around decentralized file storage, decentralized computing and decentralized prediction markets, among dozens of other similar concepts, have the potential to substantially increase the efficiency of the computing industry, and provide a great boost to other peer-to-peer protocols by adding For the first time an economic layer. Finally, there is also a considerable variety of applications that have nothing to do with money at all.