Although it is recognized with cryptocurrencies, blockchain technology has other applications that go way beyond digital currencies. In fact, cryptocurrencies are only one of many other applications that blockchain is enabling.
one of them Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. And a new cryptocurrency connected with it, growing rapidly day after day.
Like Bitcoin, Ethereum is a distributed public database the can power running the programming code of any decentralized application.
In the Ethereum blockchain, instead of mining for bitcoin, miners work to earn Ether, a type of crypto token that fuels the network. Beyond a tradeable cryptocurrency, Ether is also used by application developers to pay for transaction fees and services on the Ethereum network. That’s why Ether will keep growing as long as the network application will keep developing.
Any services that are centralized can be decentralized using Ethereum. Think about all the intermediary services that exist across hundreds of different industries. From obvious services like loans provided by banks to intermediary services rarely thought about by most people like title registries, voting systems, regulatory compliance and much more.