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 written in seven different programming languages: Go, C++, Rust, Haskell, Python, JavaScript, and Solidity. The most popular language is Solidity, which is similar to JavaScript.
NOTE: WARNING: Ethereum is not written in Python. Ethereum is an open source blockchain platform that utilizes the programming language Solidity. While there are tools available for writing Ethereum smart contracts in Python, the actual Ethereum platform itself is not written in Python.
Ethereum’s smart contracts are powered by a global network of nodes that run the Ethereum Virtual Machine (EVM). The EVM is written in C++.
Python is not one of the languages that Ethereum is written in. However, there are Ethereum clients written in Python, such as Pyethereum and web3.
py. These clients allow developers to interact with the Ethereum blockchain from Python.
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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.
In 2015, a 19-year-old Russian-Canadian programmer named Vitalik Buterin published a white paper describing Ethereum, a decentralized platform that would use blockchain technology to enable anyone to build and run decentralized applications. The vision was to create a “World Computer” that would be more resilient and democratized than the centralized servers that power the internet today. Since its launch in 2015, Ethereum has grown to become the second largest blockchain platform by market capitalization, with a community of developers building thousands of decentralized applications on its network.
There is no doubt that Ethereum has been a game changer in the world of cryptocurrency. In less than two years, it has become the second largest blockchain platform after Bitcoin, with a market capitalization of over $1 billion. But what is Ethereum and what makes it so special?
As of late, Ethereum has been on an absolute tear. The price of ETH has surged from around $100 at the start of 2017 to nearly $1,400 at the time of writing. That represents a gain of over 1,200% in less than a year!
Ethereum is a state machine. That is, it keeps track of a global state, which consists of all accounts and their balances, as well as all contract code and storage. The state is stored in a data structure called a Merkle Patricia tree.
