Dentacoin is an ERC20 token programmed on the basis of the Ethereum Blockchain. But what is Ethereum?
This is a powerful decentralized platform that runs smart contracts: applications that execute exactly as coded, preventing censorship, fraud, downtime or 3d party interference. It is designed to handle messaging, secure payments, decentralized storage, e-commerce, voting, banking, internet of things. Developers can build applications for communities and businesses while keeping communication safe and secure. George Hallam, Ethereum’s external relations director, shares that “Ethereum is essentially a programmable blockchain that puts the user in control. Rather than lock users to a set of pre-defined applications within the protocol, Ethereum allows them to create their own applications in the form of Smart Contracts (DApps), which can be as complex as required. This significantly increases the versatility and capability of the Ethereum blockchain as a whole.”
A zero infrastructure platform, Ethereum is described by its developers as a “censorship-proof planetary scale computer, where users always stay in control of their funds and personal data”.
The video below explains further the basic functionality of Ethereum:
Also published on Medium.