# Platform

By [Harshit singh sisodiya ](https://paragraph.com/@harshit-singh-sisodiya) · 2023-04-05

---

Platform cryptocurrencies are designed to eliminate middlemen, create markets, and even launch other cryptocurrencies. Platform cryptocurrencies provide the backbone for a host of future applications.

Ethereum is a prime example of a platform cryptocurrency. Ethereum is a decentralized platform that is used to run smart contracts. A smart contract is an application that runs exactly as programmed without the possibility of fraud, censorship, or even downtime.

Ethereum is also the building block of many of the new cryptocurrencies.

---

*Originally published on [Harshit singh sisodiya ](https://paragraph.com/@harshit-singh-sisodiya/platform)*