Ethereum

Ethereum is a new crypto-currency that has been under development for the last couple of years lead by Vitalik Buterin. Ethereum is not just another "alt coin" though, it really is the next generation of this paradigm, taking it out of the basic currency role by offering full-scale general purpose distributed application development and testing framework. Ethereum does still have an associated currency aspect called "Ether" (ETH) which performs the important role of "fuel" in the Ethereum network. Distributed applications in the Ethereum network require payments in the form of Ether to fuel every computational step and storage operation on the system.

Bitcoin and Litecoin are often thought of as the gold and silver of the crypto-currencies. To continue with that analogy, Ethereum could be considered as the "oil" of crypto-currency since it plays the role of fuel which can be used for any generic application. Another interesting and important aspect is that Ethereum could help to pave the way towards how a real-world resource-based economy might be implemented, which seems to be the only viable way to transcend the economic bottom-line problem.

The Genesis Sale

See 23 July 2014.

Ethereum projects relating to the Organic Design vision

• Project Ðouglas
• The World Game
• Ideologi: The Universal Collaboration Engine
• BitCongress
• BitVote
• Universal Basic Income
• All Ethereum projects...

Ethereum links

• Home page
• General discussion
• Ethereum Launches ‘Cryptocurrency 2.0’ Network
• Web 3.0 – A Chat With Ethereum’s Gavin Wood
• Ethereum white paper
• Etherium yellow paper
• Interesting thread about economy with good links
• Ethereum Scalability and Decentralization Updates

See also

• Bitcoin
• Money
• Peer-to-peer
• Big Q&A on redit covering all sorts of topics about Ethereum