Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
In 2014, a crowdfunded project led by Vitalik Buterin created Ethereum to pursue his vision of a decentralised platform with generalised functionality. The Ethereum network went live on 30 July 2015, with 72 million pre-mined coins.
Ethereum is different from Bitcoin in that it can support more complex applications. This flexibility has led to the development of a wide range of Ethereum-based projects, from Decentralised Autonomous Organisations (DAOs) to prediction markets and beyond.
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 anywhere.
This is achieved by compiling the Solidity programming language into EVM bytecode, which can then be executed by the EVM.
The EVM makes it possible to create decentralised applications (DApps) that have no single point of failure and are resistant to censorship. This makes Ethereum a potentially powerful tool for building censorship-resistant systems, such as those required for a truly open and decentralised internet.
What Is Puppeth Ethereum?
Puppeth is a tool that helps you create and manage your own private Ethereum network. It provides you with a user-friendly interface that makes it easy to deploy and manage your nodes, as well as your smart contracts.
Puppeth also makes it easy to connect your private network to the public Ethereum network, allowing you to test your contracts before deploying them on the mainnet. This flexibility makes Puppeth an essential tool for anyone developing on Ethereum.