Ethereum currently is known as the most popular public blockchain network for the development of decentralized applications (DApps) and smart contracts. Its prospective blockchain protocol is one of the few cryptocurrency projects actually achieving real-world adoption, with dozens of applications that can be divided into 11 major categories: open finance, decentralized exchanges, gaming, collectibles, marketplaces, developer tools, identity, governance, infrastructure, token-curated registries and Ethereum Request for Comments (ERC) token standards. Thus, it appears to be leading the field of enterprise blockchain solutions.
Ethereum is contributing to the revolutionizing of the internet with the creation of the Decentralized Web — or Web3 — that facilitates peer-to-peer (P2P) transactions (i.e., without a middleman). It means that Ethereum’s blockchain technology is gradually changing the internet’s P2P economy through a means of control over the technologies and applications that we use extensively.