Innovative Blockchain Companies 

Ethereum is an open source blockchain company. It has its own native cryptocurrency called Ether.  It also has built-in blockchain functionalities, such as “smart contracts,” making it an ideal blockchain platform for business. Ethereum is the most widely used blockchain in the world today, and Ether is second only to Bitcoin in terms of its market capitalization among cryptocurrencies. Like any blockchain-based company, it exists on a peer-to-peer (P2P) network of computers instead at a centralized location and is beyond the control of a centralized authority.

Entrepreneurs and other businesses can build immutable decentralized applications (dApps) on the Ethereum platform relatively easily, causing it to grow rapidly since it became operational in 2015. While the first version of Ethereum used the “proof-of-work” protocol for miners to be rewarded with Ether for adding blocks to the Ethereum blockchain, Ethereum 2.0 reflects a transition to “proof-of-stake,” to enhance transactions and reduce arguable environmental concerns related to “proof-of-work.” Ethereum dApps support a wide array of decentralized finance (DeFi) applications today.

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