The Ethereum network has grown to be the second largest blockchain platform behind Bitcoin in a mere three years, all while changing the industry and allowing for new developments to be built on its blockchain network. The relatively young cryptocurrency grew at a rapid pace, and some analysts even expect it to outgrow Bitcoin in the coming years.
Ethereum is an open-source blockchain technology that facilitates smart contracts and allows for the rapid and secure movement of its virtual currency called Ether. The Ethereum platform is a two-tiered system, with the main platform consisting of privately owned accounts controlled by individuals, and the secondary platform consisting of contract accounts. The blockchain is unique in that it allows developers to build decentralized apps on the network, like the popular crypto kitties app.