Blockchain is a growing list of records containing timestamps and transaction information. Because the ledger is open and distributed, transactions between two parties can be verified and are inherently unmodifiable.
What is blockchain?
How does Monetha use blockchain?
Monetha uses blockchain to make permanent records of transactions, guaranteeing the parties involved in the transaction and that the transaction actually occurred.
What is a "smart contract"?
A smart contract is a record of code on the blockchain that facilitates, verifies and enforces the conditions of a contract. Because this logic has been saved to the blockchain this record is permanent, verifiable, and unmodifiable. Smart contracts can always be trusted.
What is Ethereum and Ether?
Ethereum is a distributed blockchain platform on which smart contracts can be created. Decentralized platforms like Ethereum eliminate the chance of fraud, censorship and third-party interference. Ether is the cryptocurrency used on the Ethereum blockchain.
Is Monetha a cryptocurrency?
Monetha does have tokens, but they are not a cryptocurrency. They function solely within the Monetha platform. Generally when we refer to Monetha it is to talk about the platform and reputation system.