Equal tempered tuning, also known as equal temperament tuning, aims to resolve the problems created by just tuning. It does so by making the twelve semitones of an octave equally spaced in terms of the relationship of their frequencies. This process adds consistency to the tuning process that just tuning lacks, but loses some of the harmonic purity of the fractional intervals. The relationship between the frequencies of notes in equal tempered tuning is given by the equation, frequency ratio = 2(n/12), where n is the number of semitones (The Physics of Music and Color). To hear a comparison between equal temperament and just tuning, check out this video.
The general consensus is that the flexibility given by equal temperament tuning is essential and makes up for the lack of purity that is achieved through just tuning.
Works Cited:
1. Gunther, Leon. The Physics of Music and Color. New York, New York: Springer, 2012.