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 public blockchain-based distributed computing platform, featuring smart contract (scripting) functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.
Ethereum also provides a cryptocurrency token called “ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
NOTE: WARNING: Ethereum Mainnet is a public blockchain network, meaning it is open and accessible to anyone. It is important to remember that this network can be accessed by anyone on the internet, which means that it is vulnerable to malicious actors and cyber attacks. Therefore, it is important to take appropriate security measures when using Ethereum Mainnet.
Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014.[4] The system went live on 30 July 2015, with 72 million coins “premined”. This accounts for about 10% of the total circulating supply in 2019.
In 2016, as a result of the collapse of The DAO project, Ethereum was split into two separate blockchains – the new separate version became Ethereum (ETH), and the original continued as Ethereum Classic (ETC).[5][6] The value of the Ethereum currency grew over 13,000 percent in 2017.[7].
Ethereum has been used in several projects since its launch. These include Decentralized Autonomous Organizations (DAOs), such as The DAO,[8] and Melonport,[9] and several cryptocurrency exchanges.[10][11][12] Enterprise Ethereum Alliance (EEA) members are working on projects using blockchain technology to improve supply chain tracing, data privacy, and energy futures trading.
[13][14] JPMorgan Chase has developed Quorum,[15] an open-source ledger fork of the Ethereum blockchain intended for use in enterprise settings. Microsoft Azure has partnered with ConsenSys to offer Ethereum Blockchain as a Service (EBaaS) on Microsoft Azure,[16][17] allowing developers to deploy smart contracts onto the Azure platform.
9 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. Ethereum is a public blockchain-based platform that enables the development of decentralized applications (dApps) and smart contracts. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.
Ethereum is a public, open-source, decentralized computing platform and operating system featuring smart contract (scripting) functionality. It supports a modified version of Nakamoto consensus via transaction-based state transitions. Ethereum was proposed in 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer.
Ethereum mainnet is the original Ethereum blockchain, as opposed to various testnets or private blockchains. All ETH tokens and smart contracts are deployed on the Ethereum mainnet. The Ethereum mainnet went live on July 30, 2015.
An Ethereum mainnet is a public blockchain that runs the Ethereum protocol and enables decentralized applications (dApps) and smart contracts to be built and run on the Ethereum network. The mainnet is the original and most primary network for Ethereum. It is also the most secure and reliable network for running Ethereum transactions. .
The Ethereum mainnet is the original and main network for the cryptocurrency and smart contract platform Ethereum. This is opposed to testnets, which are used for testing purposes. The mainnet is the only network where Ether (ETH) has real value and can be exchanged for other cryptocurrencies or fiat currencies.
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 public, open-source, decentralized platform built on the blockchain technology. It enables developers to create and deploy decentralized applications and smart contracts.
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 nodes are the backbone of the Ethereum network. They play an important role in maintaining the decentralized nature of the network, and they are essential to its operation. Ethereum nodes can be operated by anyone who wishes to do so.
