Authorship White Paper Authorship-White-Paper - Page 3

3 Ethereum Platforms – The Future of Internet Although Ethereum technology is still in its nascent phase, it is considered the future of the internet because it is based upon the very principles of internet decentralization. What is Ethereum? As mentioned earlier, Ethereum is a decentralized platform that functions just the way it is programmed. As explained by the developers themselves, this means that the applications are run without interference of third parties, censorship, downtime or fraud. To program the applications, customized blockchains, digital public and distributed ledgers that record every transaction made using a crypto-currency, are created. The inspiration for developing Ethereum was taken from the Bitcoin Blockchain. But, Vitalik Buterin, creator of Ethereum, took the concept to a whole new level by expanding and generalizing it so that it can be used to run apps, websites, and even organizations without relying upon computer servers. Also, the emergence of Ethereum made the development of blockchain applications quite easy. It no more requires one to have immense knowledge about or to be an expert in mathematics, coding, cryptography and other associated areas. Authorship is one such decentralized platform that aims to rede ne the world of books by connecting authors, translators, publishers and readers on a single platform. Before we go into the details of Authorship and how is it going to change the world, it is better to have an idea about the current situation of book publishing industry and the problems faced by the authors.