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.

Ethereum is often described as a digital currency but here’s something important to remember: Ethereum is much more than that. Yes, Ether (the native token of Ethereum) can be traded like other cryptocurrencies but the real power of Ethereum lies in its ability to execute so-called smart contracts.

A smart contract is piece of code that can automatically execute an agreement between two parties. For example, let’s say you want to buy a house.

You could use a smart contract to exchange money (in Ether) for the title of the house. The contract would hold the money until you send proof that you have paid for the house and then it would release the money to the seller. No third party needed to mediate or enforce the contract!.

The same goes for many other agreements like wills, loans, employment contracts and so on. Smart contracts could even be used to create entire decentralized autonomous organizations (DAOs).

A DAO is basically a company that runs itself using smart contracts with no human involvement whatsoever. Decentralized exchanges, insurance providers and many other applications are being built on Ethereum as we speak.

Now, one important thing to note about Ethereum is that it is not just one blockchain but rather a network of many different blockchains, each one running its own version of Ethereum’s smart contract software. That might sound confusing but it’s actually quite simple: each blockchain in the network represents a so-called side chain.

A side chain is basically an independent blockchain that is connected to the main Ethereum blockchain through what is known as a two-way peg. This peg allows tokens (ether and/or ERC20 tokens) to be transferred from one blockchain to another while keeping track of their respective balances. In other words, it allows tokens to be moved from the main Ethereum blockchain to a side chain and back again if needed.

The two-way peg is achieved by locking up ETH on the main chain in a smart contract and then “unlocking” an equivalent amount on the side chain. This process is called “atomic swap” and it ensures that both chains remain in sync at all times.

The most popular side chain right now is probably Plasma, which was developed by some of Ethereum’s co-founders including Vitalik Buterin himself. Plasma is basically a framework that allows developers to build their own scalable side chains on top of Ethereum without having to worry about security or governance issues (since those are handled by the mainchain).

Several promising projects are already built on Plasma including OmiseGO, QuarkChain and Loopring. .

So does Ethereum have side chains? Yes, it does! And they are becoming increasingly popular as we speak.

Ethereum, the world’s second-largest cryptocurrency by market capitalization, is an open-source, decentralized platform that runs smart contracts. These apps run exactly as programmed without any possibility of fraud or third party interference.

The Ethereum network went live on July 30th, 2015 with 72 million ETH pre-mined. Since its launch, Ethereum has seen tremendous growth and adoption.

The native cryptocurrency of the Ethereum network is Ether (ETH).

ETH works as a fuel for the decentralized applications (dApps) on the Ethereum network. When users want to interact with a dApp, they need to pay a transaction fee in ETH.

The transaction fee goes to the miners who validate and confirm the transactions on the Ethereum blockchain.

The current block reward for mining is 2 ETH per block and will remain constant until the end of 2020 when it will be reduced to 0.5 ETH per block.

After that, the block reward will continue to decline every 4 years until it reaches 0 ETH per block in 2140.

The total supply of ETH is not capped and is infinite. However, 18 million ETH are mined every year and it is estimated that 97% of all ETH will be mined by 2060.

Ethereum has a Proof-of-Work (PoW) consensus algorithm and plans to move to a Proof-of-Stake (PoS) consensus algorithm in the future. The PoS algorithm would allow users to stake their ETH in order to validate transactions and earn rewards.

Ethereum’s primary goal is to become a decentralized world computer that anyone can build applications on top of. The idea is that developers can create dApps that run on the Ethereum network without having to worry about censorship, fraud, or third-party interference.

Ethereum is often compared to Bitcoin because they are both open-source platforms that run on blockchain technology. However, there are several key differences between the two platforms.

Bitcoin was designed primarily as a digital currency and payment system, while Ethereum was designed as a decentralized platform that runs smart contracts and dApps.

Another key difference is that Bitcoin has a limited supply of 21 million BTC while there is no limit to the supply of ETH. This creates different incentives for miners and investors as BTC becomes more scarce over time while ETH remains abundant.

Lastly, Bitcoin uses a PoW consensus algorithm while Ethereum plans to move to a PoS consensus algorithm in the future. This means that miners who validate transactions on the Bitcoin network are rewarded with BTC while those who validate transactions on the Ethereum network will be rewarded with ETH.

In conclusion, yes ethereum does have sharding!.

Ethereum has been one of the most popular cryptocurrencies in recent years. It is a decentralized platform that runs smart contracts.

These contracts are applications that run exactly as programmed without any possibility of fraud or third party interference.

The Ethereum network is powered by Ether, which is a cryptocurrency. In order to run a contract on the Ethereum network, you need to pay gas fees.

Gas is a unit that measures the amount of work required to execute a transaction or a contract. The higher the gas fees, the more expensive it is to run a contract on the Ethereum network.

So, does Ethereum have high gas fees?

The answer is yes and no. Ethereum gas fees can be high or low depending on the current demand for Ethereum transactions.

When there is high demand for Ethereum transactions, gas fees will be higher. When demand is low, gas fees will be lower.

One way to avoid high gas fees is to use an Ethereum wallet that supports ERC20 tokens. These tokens are compatible with the Ethereum network and can be used to pay for gas fees.

If you use an ERC20 token to pay for gas, you will not need to pay as much in fees because the token can be exchanged for Ether when needed.

Another way to avoid high gas fees is to use a different cryptocurrency that is compatible with the Ethereum network. For example, you can use Bitcoin to pay for gas fees.

However, you will need to convert your Bitcoin into Ether first before you can use it to pay for gas.

In conclusion, yes, Ethereum does have high gas fees depending on the current demand for Ethereum transactions. However, there are ways to avoid high gas fees by using an ERC20 token or another cryptocurrency that is compatible with 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.

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 bootstraped 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 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 fact that Ethereum is Turing complete makes it unique compared to other blockchain platforms out there.

Turing completeness means that given enough computing power and time, anything can be calculated by an Ethereum smart contract.

The Ethereum Virtual Machine (EVM) is the runtime environment for smart contracts in Ethereum. It is a 256-bit register stack, designed to run the same code exactly as intended.

Gas, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

Ethereum’s native cryptocurrency “ether” (sometimes referred to as “ETH”) is used to pay for transaction fees and computational services on the Ethereum network. Ether is like fuel for running distributed applications; if you don’t have ether than you can’t interact with the Ethereum network.

There are two main ways to get ether: buy it on an exchange or receive it from another person via a peer-to-peer transaction. You can also earn ether by mining for it or participating in various bounty programs offered by Ethereum Foundation and other organizations.

And lastly, you can receive ether as payments for goods or services you have provided.

The bottom line – does Ethereum have an app? The answer is yes!.

Ethereum Classic (ETC) is a smart contract platform that enables developers to build decentralized applications (dapps) on its blockchain. ETC is also a public blockchain that allows anyone to access and use its decentralized application platform. Ethereum Classic is a fork of Ethereum (ETH), which itself is a fork of the original Ethereum blockchain.

ETH was created in 2015 by Vitalik Buterin, with the intention of creating a more versatile and scalable blockchain than Bitcoin. However, due to disagreements among the ETH community over how to scale the network, ETH underwent a hard fork in 2016, resulting in the creation of Ethereum Classic.

Since its launch, ETC has been gaining traction as an alternative to ETH. For one, ETC is cheaper and faster to transaction on than ETH.

Additionally, ETC’s decentralized application platform is more robust and user-friendly than ETH’s. Finally, ETC is more resistant to changes made by central authorities, which gives it more long-term prospects than ETH.

So far, ETC has been successful in attracting developers and users away from ETH. This is evidenced by the fact that there are now more dapps built on ETC than ETH.

In addition, the value of ETC has been rising steadily since its launch, while the value of ETH has been declining. This trend is likely to continue in the future as ETC continues to improve upon Ethereum’s shortcomings.

Yes, Ethereum Classic does have a wallet! The official Ethereum Classic wallet is available for download on the Ethereum Classic website. The wallet enables users to store, send, and receive ETC.

It also allows users to interact with dapps built on the Ethereum Classic blockchain.