What is Ethereum? Ethereum is an open-source blockchain platform that supports smart contracts. The Ethereum blockchain has a cryptocurrency coin, Ether (ETH), which is the second-largest cryptocurrency in market capitalization, after Bitcoin. Vitalik Buterin, a Russian-Canadian programmer, released the first Ethereum white paper. The white paper won him the Thiel Fellowship award, together with a $100,000 prize. His work also attracted other developers such as co-founder Dr. Gavin Wood and Joseph Lubin. Together, they launched the Ethereum crowdfunding campaign in July 2014 before launching the Ethereum network in 2015. The Ethereum blockchain uses Solidity as its programming language for writing and implementing smart contracts. Since it is an open-source blockchain,…