Many blockchain-based cryptocurrency projects have limited code and provide users with a strict set of operations. The creators of Ethereum have set themselves more ambitious goals.
The development team led by Vitaly Buterin aims to facilitate access to blockchain technology and expand its practical application.
Currently, Ethernet is the leading blockchain for the creation and implementation of smart contracts, as well as the launch of startups that use collective funding to attract investment
All computers involved in the Ethernet are combined into one, a distributed virtual machine that performs the actions specified in the smart contract. The network allows one to implement thousands of projects on a single platform without creating a new blockchain for each app.
To run a decentralisation application (dapp), a programmer writes code, puts the necessary actions into it, and uploads everything to the Ethereum blockchain.
Once launched, the program automatically runs on various remote hosts.
The entire system operates on the Ethereum cryptocurrency. Unlike many altcoins, the supply of ETH is infinite.