What is Ethereum?

After Bitcoin, Ethereum is the second most well-known and valuable cryptocurrency, however, they have different use-cases. While the purpose of Bitcoin is value - whether value transfer or a store of value - the purpose of Ethereum is to execute smart contracts.

Ethereum was the first protocol in the turing complete smart contract category - it offers a platform for turing complete smart contracts - which means it can be used to create any kind of decentralized application.

Web3 Working Group is a nonprofit organization that educates about web3 infrastructure and how it is distinct from cryptocurrency. We educate regulators and the public at-large about how web3 will permanently restore user control of cyberspace, replacing centralized control with transparent and permissionless protocols through incentives aligned with users. We focus on Blockchain / Cryptocurrency.

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