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.

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.

The Ethereum protocol could be used to build Decentralized Autonomous Organizations (DAO). A DAO is an organization with no central authority or control.

A DAO is owned by everyone who purchases tokens, but instead of each token equating to equity shares & ownership, tokens act as contributions that give people voting rights.

DAOs are organizations that exist on the Internet and are not subject to geographic borders or restrictions. The code for a DAO is stored on every computer that participates in the network and anyone can join or leave a DAO at any time.

Decisions are made democratically with everyone having an equal say.

A key feature of Ethereum is that it enables developers to create new types of applications that were not possible before. These are called Decentralized Applications or DApps for short.

A DApp can have its own blockchain (like Bitcoin) or it can use Ethereum’s blockchain as its foundation (like Augur).

What makes Ethereum different from Bitcoin? Both Bitcoin and Ethereum are decentralized protocols running on top of a network of computers that anyone can access and use. However, there are significant technical differences between the two. For one, they use different consensus mechanisms to achieve distributed consensus; Bitcoin uses Proof-of-Work (PoW) while Ethereum uses Proof-of-Stake (PoS). PoW requires miners to solve computationally intensive puzzles in order to validate transactions and add them to the blockchain; in return they are rewarded with cryptocurrency. PoS does not require mining in order to validate transactions; rather,validators stake their cryptocurrency holdings in order to earn rewards for each block they validate.

PoS is more energy efficient than PoW since it does not require miners to expend large amounts of electricity in order to validate transactions and add them to the blockchain.
Another key difference between Bitcoin and Ethereum is their purpose; Bitcoin was designed as a peer-to-peer electronic cash system while Ethereum was developed as a platform which enables Decentralized Applications and Smart Contracts to be built and run without any third party interference.
Ethereum also has its own cryptocurrency called “Ether” which is used to pay for transaction fees and services on the network; this is similar to how Bitcoin uses its own currency “BTC” for transaction fees on its network.
So in summary, while both Bitcoin and Ethereum are decentralized protocols running on top of a network of computers which anyone can access and use, there are significant technical differences between the two; chiefly their purpose, consensus mechanisms and currency used for transaction fees.

A black hole is a place in space where gravity pulls so much matter together that not even light can escape. The gravitational force is so strong that nothing, not even electromagnetic radiation, can escape from it.

Black holes are extremely dense; their gravitational pull is so strong that they deform spacetime around them.

The first black hole was discovered in 1971, but the term “black hole” was not coined until 1967. Black holes are found in all galaxies, including our own Milky Way. There are two types of black holes: stellar and supermassive.

Stellar black holes are formed when a star collapses in on itself; they are typically about 10 times the mass of our sun. Supermassive black holes, on the other hand, are a million to a billion times the mass of our sun and are thought to be at the center of most galaxies, including our own.

A black hole on Ethereum is an address that has been abandoned by its owner and can no longer be used. When an owner abandons an address, they leave behind any ETH or tokens that were stored there.

These ETH or tokens can then be “reclaimed” by anyone who knows the address, but the original owner can no longer access them.

Black holes on Ethereum are created when people forget or lose their private keys. Since there is no way to recover a lost private key, the ETH or tokens stored at that address are effectively lost forever.

Over time, as more and more people lose their private keys, there will be more and more black holes on Ethereum.

The existence of black holes on Ethereum isn’t necessarily a bad thing. In fact, some people view them as a kind of digital “vault” where ETH or tokens can be stored safely and securely, without the need for a third-party custodian like a bank or exchange. However, it’s important to remember that once ETH or tokens are sent to a black hole address, they can never be recovered, so make sure you only send what you can afford to lose!.

An Ethereum protocol is a set of rules that govern how Ethereum works. These rules are designed to ensure that the Ethereum network is secure, efficient, and scalable.

The Ethereum protocol is constantly being updated as the needs of the network change.

The Ethereum protocol is based on a few key principles. First, all nodes in the network are equal. There is no central authority that controls the network. Second, all nodes in the network must agree on the state of the blockchain.

This ensures that the network is secure and that transactions are valid. Third, the protocol must be scalable so that it can handle a large number of transactions.

The Ethereum protocol is constantly being improved. New features are being added and old ones are being improved.

The goal of the Ethereum protocol is to provide a secure, efficient, and scalable platform for decentralized applications.

Ethereum miners are responsible for verifying and committing transactions to the Ethereum blockchain. Transactions on the Ethereum network are not free, and require a “gas” fee in order to be processed.

The gas fees go to the miners, who then use their computational power to verify the transaction and add it to the blockchain.

Ethereum miners are rewarded with a “block reward”, which is currently set at 3 ETH per block. In addition to the block reward, miners also receive all of the gas fees from the transactions that they confirm.

The role of an Ethereum miner is similar to that of a traditional miner in that they both play a critical role in ensuring the security of their respective networks. However, Ethereum miners have a much more active role in processing transactions and verifying smart contracts.

Ethereum mining is a computationally intensive process that requires specialized hardware. ASICs (Application Specific Integrated Circuits) are designed specifically for mining Ethereum and are much more efficient than traditional GPUs (Graphics Processing Units).

If you’re interested in becoming an Ethereum miner, you’ll need to invest in some specialized hardware. ASICs can be expensive, so you’ll need to factor that into your decision.

Additionally, Ethereum mining is a power-intensive process, so you’ll need to make sure you have access to cheap electricity in order to profitability.