Ethereum is not a coding language. It is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
The Ethereum platform itself is featureless or value-agnostic. Similar to how the Internet protocol itself does not care what data is being sent over it, the Ethereum blockchain can be used to power any kind of decentralized application.
NOTE: WARNING: Ethereum is not a coding language. Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.
The use of Ethereum smart contracts has been rising steadily over the past few years as more and more developers realize the potential of this technology. While there are many different coding languages that can be used to develop smart contracts, Solidity is by far the most popular.
Solidity was specifically designed for Ethereum and has become the de facto standard for developing smart contracts on this platform.
While Ethereum is not a coding language, it has enabled developers to create thousands of decentralized applications that are running on its blockchain. These applications are changing the way we interact with the world and are ushering in a new era of trustless systems.
7 Related Question Answers Found
In 2015, a 19-year-old Russian-Canadian programmer named Vitalik Buterin published a white paper describing Ethereum, a decentralized platform that would use blockchain technology to enable anyone to build and run decentralized applications. The vision was to create a “World Computer” that would be more resilient and democratized than the centralized servers that power the internet today. Since its launch in 2015, Ethereum has grown to become the second largest blockchain platform by market capitalization, with a community of developers building thousands of decentralized applications on its network.
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 not just a platform but also a programming language (Turing complete) running on a blockchain that helps developers to build and publish distributed applications. The applications on Ethereum are running on their own platform-specific cryptographic token, ether.
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 a word, a label, and a brand. It is also a community of developers and users who care about the success of the project.
Yes, Ethereum is a real currency. It 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 as a digital currency, but it is also used to run decentralized applications (dapps) and smart contracts.
Ethereum is a digital currency, which means it is a form of money that is completely digital and exists only online. Unlike traditional, physical currencies, Ethereum is not regulated by any government or financial institution. Instead, it is powered by the Ethereum network, which is a decentralized network of computers that work together to process transactions.
Decentralized applications (DApps) are one of the most important and innovative aspects of the Ethereum network. These are applications that run on the decentralized Ethereum blockchain, and they are usually open source, which means anyone can contribute to their development. One of the key features of DApps is that they are programmable.
Ethereum is a state machine. That is, it keeps track of a global state, which consists of all accounts and their balances, as well as all contract code and storage. The state is stored in a data structure called a Merkle Patricia tree.
