Ethereum – the buzzed-about platform for supporting decentralized applications such as smart contracts – announced last Thursday the official launch of the first phase of its project, reported the Wall Street Journal.
In a company blog post about the launch, Ethereum CCO Stephan Tual said, “The vision of a censorship-proof ‘world computer’ that anyone can program, paying exclusively for what they use and nothing more, is now a reality.”
“How will the Internet work in the future? It will use Ethereum,” begins a brief introduction video to the project. The video describes Ethereum as “a planetary scale computer powered by blockchain technology,” on which applications run as programmed without any chance of downtime, censorship, or third-party intervention. “Ethereum is the secure backbone for everything from e-commerce to the Internet of Things, enabling transparent governance for communities and businesses, while keeping user communication secure,” says the video, calling the system “the world’s first zero-infrastructure platform, allowing your users to regain control over the management of their own