Vitalik Buterin, co-founder of Ethereum, speaks to Bloomberg’s Emily Chang about creating the second most valuable cryptocurrency behind Bitcoin, the future of a decentralized Internet and the possible threat to legacy companies like Facebook and Twitter.

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Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH or Ξ) is the native cryptocurrency of the platform. After Bitcoin, it is the second largest cryptocurrency by market capitalization.