These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of promises or debts, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.
The total amount of tokens in circulation can be set to a simple fixed amount or fluctuate based on any programmed ruleset.
The project was bootstrapped via an ether pre-sale during August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe.
DESIGN AND ISSUE YOUR OWN CRYPTOCURRENCY
Create a tradeable digital token that can be used as a currency, a representation of an asset, a virtual share, a proof of membership or anything at all. These tokens use a standard coin API, so your contract will be automatically compatible with any wallet, other contract or exchange also using this standard.
This allows user data to remain private and apps to be decentralized like the Internet was supposed to work.
On traditional server architectures, every application has to set up its own servers that run their own code in isolated silos, making sharing of data hard.
On a blockchain, anyone can set up a node that replicates the necessary data for all nodes to be and reach an agreement compensated by users and app developers.
Smart money, smart wallet
The Ethereum Wallet is a gateway to decentralized applications on the Ethereum blockchain. It allows you to secure and hold ether and other crypto-assets built on Ethereum, as well as write, deploy and use smart contracts
Other apps and many users are affected if a single app is compromised or goes offline.
Issue your token
YOU CAN BUILD:
A tradeable token with a fixed supply
A central bank that can issue money
A puzzle-based cryptocurrency
