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.
NOTE: WARNING: Ethereum is not a computer. It is a blockchain-based distributed computing platform featuring smart contract functionality. Ethereum does not have the same hardware and software components of a traditional computer, so it is not capable of performing the same tasks or operations that a physical computer can.
Ether is like a vehicle for moving around on the Ethereum platform and is sought by mostly developers looking to develop and run applications inside Ethereum.
So, is Ethereum a computer In a way, yes. The Ethereum Virtual Machine (EVM) is like a computer that can execute code and store data. The EVM makes it possible to execute smart contracts on the Ethereum blockchain.
However, the EVM is just one part of the Ethereum platform. There is also the Ethereum blockchain which helps to secure transactions and prevent fraud.
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Cosmos is a decentralized network of independent parallel blockchains, each powered by BFT consensus algorithms like Tendermint. The Cosmos Network is an ecosystem of blockchains that can scale and interoperate with each other. The vision of Cosmos is to create an Internet of Blockchains, where different blockchains can transfer value and data to each other in a trustless and decentralized way.
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 PoW blockchain, meaning that new blocks are created through a process of mining. Miners compete to find a hash that meets certain criteria, and the winner is rewarded with ETH.
When it comes to Ethereum, there is a lot of talk about the “meta”. But what exactly is the Ethereum meta? And is it real?
An ICO, or Initial Coin Offering, is a fundraising method where new projects sell their underlying crypto tokens in exchange for bitcoin and ether. It’s somewhat similar to an Initial Public Offering (IPO) where investors purchase shares of a company. ICOs have become a popular way to fund cryptocurrency projects and have raised over $1 billion dollars in the last year.
