Ethereum is the next generation encryption ledger, which aims to support many advanced functions, including 100 users issuing currency, intelligent protocols, decentralized transactions and what we think is the first fully decentralized autonomous organization (DAOs) or decentralized autonomous company (DACs) application.

Ethereum does not particularly support every function. On the contrary, Ethereum has a Turing scripting language built in, which allows you to write code for the function you want to realize through a mechanism called "contract path". A contract is like an automatic agent. Every time a transaction is received, the contract will run a specific code, which can modify the data storage inside the contract or send the transaction. Advanced contracts can even modify their own code.