Ethereum is similar to Bitcoin, but just a little bit different. According to many, the Ethereum network is the improved version of Bitcoin’s original Blockchain. Ethereum’s platform allows applications to be developed that work with the Blockchain technology. These applications can be used to handle all types of transactions decentralized, such as making payments or closing contracts. These types of contracts are also called smart contracts, they enforce the negotiation or performance of an agreement. With these types of contracts you can trust between two parties that want to perform a transaction within the network, even if those parties are on the other side of the world. This creates a reliable system for international transactions.
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