Ethereum 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.
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Ethereum is a highly volatile cryptocurrency with a large and complex network. It is constantly changing and evolving, and as such, it can be extremely difficult to predict its performance. In addition, due to its complexity, Ethereum has been the target of numerous security threats, including malicious attacks from hackers. As such, investing in Ethereum can carry a high degree of risk. Before investing in Ethereum, it is important to research and understand the technology, its use cases, associated risks and how to properly secure your investment.
The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.
Ethereum is still in its early stages of development and deployment, which explains why its price is still relatively volatile and still far from its all-time high of over $1,400 set in January 2018. Nevertheless, Ethereum has made significant progress since its launch just four years ago and is today one of the most widely used blockchain platforms in the world.
So what is Ethereum today? It is a decentralized platform that runs smart contracts, a powerful shared global infrastructure that can move value around, and a project that is still in its early stages of development.
8 Related Question Answers Found
Ethereum 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.
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 programmable blockchain. It allows users to create their own decentralized applications (dapps) and run them on the Ethereum 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 a programmable blockchain. It means that developers can create applications on Ethereum.
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 programmable blockchain. It allows users to create their own decentralized applications (dapps) on the Ethereum blockchain.
An epoch is a time period in which a particular set of events or developments takes place. In the context of Ethereum, an epoch is a period during which a particular set of validators are chosen to be responsible for creating and finality of new blocks on the Ethereum blockchain. The selection of validators for each epoch is based on a process known as “proof of stake” (PoS).
Tenderly Ethereum is a smart contract monitoring service that provides users with detailed insights into the health of their Ethereum contracts. The service is designed to help users identify and fix errors in their contracts before they cause significant damage. Tenderly Ethereum is built on top of the open-source Tenderly monitoring software.
Göeth is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Göeth is built on a blockchain, a decentralized ledger that records every transaction made on the network. This allows 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.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation. The general ledger of Ethereum is maintained by miners who are rewarded with Ether, the native currency of Ethereum, for verifying transactions.
