Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is used to build decentralized applications (dapps) on its platform. Ether, the native cryptocurrency of Ethereum, is mined through a Proof of Work (PoW) consensus algorithm (like Bitcoin). Miners are
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is unique in that it allows developers to build these decentralized applications, or Dapps, on its blockchain. This not only makes Ethereum’s blockchain more versatile than Bitcoin’s, but it also
The Creation and Evolution of the Ethereum Blockchain
Ethereum may be the second-largest cryptocurrency by market capitalization and one of the most exciting projects in the blockchain space. It is also a project that has its origins in software development efforts in the 1990s. To fully appreciate the brilliance behind the real backbone technology that made Ether (the most prominent cryptocurrency from the
