The Ethereum Ecosystem
Ethereum is an open-source, public, blockchain platform for running smart contracts. It provides a decentralized Turing-complete virtual machine that can execute scripts and a cryptocurrency used to compensate participant mining nodes for computations performed or to mitigate spam. Today, Ethereum is one of the most established and mature blockchain platforms with interests from small and large companies, nonprofit organizations, and governments. There is a lot that can be said about the Ethereum ecosystem and the pace it moves. However, the facts talk for themselves; Ethereum has the momentum and all the indications of a technology with potential:
* Ethereum has an order of magnitude and more active developers than any other blockchain platform and as dictated by the Metcalfe’s law, this gap widens day by day. Ethereum coding school CryptoZombies has over 200K users, and Truffle development framework has over half a million downloads.
* The Ethereum platform has the richest tools and infrastructure ecosystem for building decentralized applications: Truffle, Infura, Web3.js, OpenZeppelin, Geth, Parity, Ganache, MetaMask, CryptoZombies, MyCrypto, Etherscan, ERC20 (for ICOs), etc.
* The cloud platforms Amazon Web Services and Microsoft Azure offer services for one-click Ethereum infrastructure deployment and management.
* The Ethereum technology has the interest of enterprise software companies. Customized Ethereum-based applications are being developed and experimented by financial institutions such as JPMorgan Chase, Deloitte, R3, Innovate UK, Barclays, UBS, Credit Suisse, and many others. One of the best known in this area is the J. P. Morgan Chase developed permissioned of Ethereum blockchain called Quorum.
* In 2017, Enterprise Ethereum Alliance (EEA) was setup up by various blockchain start-ups, Fortune 500 companies, research groups, and others with the aim to help the adoption of Ethereum-based technology. It provides standards and resources for businesses to learn about Ethereum and leverage this groundbreaking technology to address specific industry use cases.
Ethereum has passed the moment when it was a hipster technology or a scientific experiment, and now, it is a fundamental, open-source, decentralization technology that enterprise companies are looking into. Talking about open source and the enterprise, I thought I would also do my tiny piece of contribution to the Ethereum ecosystem and help with its adoption. https://goo.gl/Zv966j #DataIntegration #ML
