# Next Generation Cryptocurrency Ethereum Revolves Around Contractual Scripting Language Software By Meghan Young | Published 2014-02-13 | Tech Source: Trend Hunter, https://www.trendhunter.com/trends/ethereum References: [fastcolabs](http://www.fastcolabs.com/3026271/could-this-20-year-old-kid-make-bitcoin-obsolete) & [ethereum.org](http://www.ethereum.org/) [Bitcoin](https://www.trendhunter.com/trends/cryptocompatible-investment-app) is finally inspiring some competition, the first of which goes by the name [Ethereum](https://www.trendhunter.com/trends/ethereum-foundation). Created by Bitcoin enthusiasts, Ethereum elaborates on the groundwork that Bitcoin set down. Ethereum does so by introducing "a full-fledged programming language that makes it possible to encode binding agreements embedded in the same transaction record that tracks the flow of Ether," as reported on [Fast Co. Labs](https://www.trendhunter.com/trends/fairground-ai-creator-tv). Ethereum is essentially a next generation cryptocurrency that will allow users to experiment with contracts to ensure that their accounts are on the up and up. Of course the Ethereum framework also addresses possible use by criminal organizations. By adopting a Bitcoin-style shared transaction record, anonymous contracts are pretty much limited, thus the appeal is not there. ## Trend Insights (Trend Hunter) - Score: 2.9/10 - Popularity: 26% | Activity: 53% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Gen Z, Millennial, Gen X - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Tech](https://www.trendhunter.com/tech) ## Key Themes ### What Makes This Trend Stand Out - **Next Generation Cryptocurrency:** Ethereum introduces a full-fledged programming language for encoding binding agreements in cryptocurrency transactions. - **Contractual Scripting Language Software:** Ethereum's scripting language enables users to experiment with and ensure the legitimacy of contracts in cryptocurrency transactions. - **Bitcoin Competition:** By elaborating on Bitcoin's groundwork, Ethereum is providing competition by offering a more advanced and secure cryptocurrency platform. ### Sectors Adopting This - **Cryptocurrency:** Ethereum is disrupting the cryptocurrency industry by introducing a next-generation platform with advanced features. - **Blockchain:** The Ethereum framework is revolutionizing the blockchain industry by enabling the encoding of binding agreements into transaction records. - **Fintech:** Ethereum's contractual scripting language software is creating new opportunities for innovation and disruption in the FinTech industry. ## Related on Trend Hunter - [Privacy-Centric Crypto Clusters](https://www.trendhunter.com/trends/ethereum-foundation.md) - [Stateless Payment Solutions](https://www.trendhunter.com/trends/stateless-payment.md) - [Hyper-Deflationary Cryptocurrencies](https://www.trendhunter.com/trends/stable-cryptocurrency.md) - [AI Code Readers](https://www.trendhunter.com/trends/etherscan.md) - [Cryptocurrency Investor-Focused Loyalty Programs](https://www.trendhunter.com/trends/luxury-real-estate-program.md) - [Gamified Decentralized Finance Innovations](https://www.trendhunter.com/trends/on-ethereum.md) - [Crypto Browser Add-Ons](https://www.trendhunter.com/trends/metamask-1.md) - [Dedicated Cryptocurrency Browsers](https://www.trendhunter.com/trends/crypto-browser.md) - [Blockchain Payment Services](https://www.trendhunter.com/trends/google-labs.md)