ETHERUM

Comment: Will do better if they have more clarity on subject. The red marks are because of probably unfamiliarity with subject matter
WHAT IS ETHEREUM?
Making and turning centralized systems into decentralized ones seems to be a huge problematic thing for organizations and companies. To convert this problem into an easy task, Vitalik Buterin has provided a technological application by inventing ethereum. Based on block chain technology, ethereum is basically an open software platform that helps in deploying and building decentralized sort of applications. For technological developers, it works as a helping hand to them.
IMPORTANCE OF ETHEREUM:
Ethereum plays a significant role in transforming centralized based services into decentralized services. As it can turn centralized into decentralized system, it is also helpful in building DAO (Decentralized Autonomous Organizations). Rather than working under some leadership, such organizations work on the basis of a programming code along with smart Ethereum block chain written contracts. It an important source for launching other cryptocurrencies.
FEATURE OF ETHEREUM: SMART CONTRACT:
Smart contract is one of the features of ethereum that helps in exchanging content, property, money or shares. It works as a self-operating programming system and on the basis of certain conditions, it is executed automatically. The good part is that there is no risk of censorship, third party interference, downtime or fraud in it because of its block chain source. This means that ethereum provides uniqueness in terms of giving developers the freedom to create and build whatever the operations they like.
ETHEREUM VIRTUAL MACHINE:
To overcome the traditional problem of doing limited set of operations, ethereum virtual machine works the best as it provides enough memory and time allowing everyone to run any program they like. The efficiency and affectivity of ethereum virtual machine has made creation of block chain applications convenient and easy.
STANDARD DEFINED BY ETHEREUM FOUNDATION:
ERC20 token standard is given by Ethereum Foundation while the recently given standard is ERC721 that helps in tracking of specific digital assets. Games are created with the use of this technological application e.g. cryptokitties.
HOW TO HAVE ACCESS OF ETHEREUM:
Native Mist browser and MetaMask browser extension are the two sources to enter into ethereum network. Mist browser is user friendly and with that advantage, it also provides digital wallets for storing and trading Ether as well as smart contacts . MetaMask provides the ease of developing or running a decentralized system.
The technological advancement of ethereum is a big thing for world economy as such decentralized application has the ability and capability in creating a disrupting effect in finance, insurance, academia, public sector and real estate.