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 public blockchain-based distributed computing platform, featuring smart contract functionality. It provides a decentralized virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.
Ethereum also provides a cryptocurrency token called “Ether”, which can be transferred between accounts and used to compensate participant nodes for computations performed. “Gas”, an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.
NOTE: WARNING: Ethereum is an online cryptocurrency and digital payment system that is not regulated or backed by any government or central bank. Investing in Ethereum carries significant risk, as the value of the currency can fluctuate wildly and is subject to manipulation. Furthermore, it may be difficult to convert Ethereum back into fiat currency. Before investing, please do your research and consult a financial advisor.
The native cryptocurrency of the Ethereum network is ether (ETH). ETH is mined by nodes in the network in order to create new blocks, with miners being rewarded with ETH for their efforts.
ETH can also be bought and sold on cryptocurrency exchanges, and can be used to pay for transaction fees and services on the Ethereum network.
The Ethereum symbol (Ξ) was chosen because it resembles the Greek letter Ξ (Xi), which is the first letter in the word “Ethereum”. The symbol also resembles a 3D cube, which represents the decentralized nature of the Ethereum network.
7 Related Question Answers Found
When it comes to digital currency, there are two main types: those that are based on centralized platforms and those that are based on decentralized platforms. Ethereum is a decentralized platform that runs on blockchain technology. Unlike Bitcoin, which is also a decentralized platform, Ethereum is programmable.
The stock symbol for Ethereum is ETH. 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 used to build decentralized applications (dapps) on its platform.
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 used to build decentralized applications (DApps) on its platform. A Decentralized Application (DApp) is an application that is run by many users on a decentralized network.
The ticker for Ethereum is ETH. 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 used to build decentralized applications (dapps) on its platform.
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 public blockchain-based platform that enables the development of decentralized applications (dapps) and smart contracts. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer.
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 order to run these applications, Ethereum uses a virtual machine called the Ethereum Virtual Machine (EVM), which can execute code of arbitrary algorithmic complexity. In order to achieve this, Ethereum borrows heavily from Bitcoin’s design, but also has its own unique features.
When people talk about Ethereum, they are usually referring to the Ethereum blockchain and the associated cryptocurrency, ether. However, Ethereum is much more than just a digital currency. It is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
