-
Bitcoin
$90,559.90
2.68% -
Ethereum
$3,150.00
3.71% -
Tether USDt
$1.00
0.03% -
Solana
$214.89
3.21% -
BNB
$626.70
3.48% -
XRP
$1.15
31.87% -
Dogecoin
$0.3658
2.50% -
USDC
$0.9998
-0.02% -
Cardano
$0.7948
23.51% -
TRON
$0.2000
7.90% -
Toncoin
$5.69
6.64% -
Shiba Inu
$0.0...02439
4.51% -
Avalanche
$35.22
11.57% -
Sui
$3.67
10.13% -
Bitcoin Cash
$460.86
10.14% -
Chainlink
$14.27
7.77% -
Pepe
$0.0...02112
3.88% -
Polkadot
$5.52
12.86% -
NEAR Protocol
$5.92
10.64% -
UNUS SED LEO
$7.66
3.28% -
Litecoin
$90.73
9.13% -
Aptos
$12.14
6.16% -
Stellar
$0.1822
32.70% -
Uniswap
$8.97
12.19% -
Dai
$0.9998
0.01% -
Internet Computer
$9.19
13.44% -
Cronos
$0.1609
0.36% -
Ethereum Classic
$27.20
22.01% -
Bittensor
$516.22
3.87% -
dogwifhat
$3.65
3.65%
One article to understand what kind of currency Ethereum (ETH) is Ethereum (ETH) from which country
Ethereum, built on blockchain technology, is a decentralized platform enabling smart contracts, dApps, and unique digital assets, revolutionizing the digital currency and decentralized application landscapes.
Oct 20, 2024 at 01:29 pm
Understanding Ethereum (ETH): A Comprehensive Guide
1. What is Ethereum?
Ethereum (ETH) is a decentralized, blockchain-based platform that operates on a network of computers worldwide. It is a digital currency, similar to Bitcoin, but with additional capabilities that make it suitable for a wide range of applications, including:
- Smart contracts: Self-executing agreements that run automatically on the Ethereum network.
- Decentralized applications (dApps): Computer programs that run on the Ethereum network and do not need a central authority.
- Non-fungible tokens (NFTs): Unique digital assets with provable ownership.
2. How Does Ethereum Work?
Ethereum uses a distributed ledger technology called blockchain, which is a continuously growing list of records linked together using cryptography. Each block in the blockchain contains a list of transactions, a hash of the previous block, and a timestamp. This ensures the immutability and integrity of the data on the Ethereum network.
3. Ethereum's Unique Features:
- Smart Contracts: Smart contracts enable automated and tamper-proof transactions on the Ethereum network. They define specific conditions that must be met for transactions to occur.
- Decentralization: Ethereum is not controlled by any single entity. The network is maintained by a global network of volunteer nodes called miners.
- Open Source: Ethereum's code is open source, allowing anyone to examine and contribute to its development.
- Programmability: Ethereum is a programmable blockchain, enabling developers to create custom applications and tokens on the network.
4. ETH Currency:
ETH is the native currency of the Ethereum platform. It is used to:
- Pay transaction fees on the Ethereum network.
- Participate in mining and staking.
- Purchase goods and services from vendors who accept ETH.
5. Origin of Ethereum:
Ethereum was co-founded by Vitalik Buterin, a Russian-Canadian programmer. The Ethereum whitepaper was published in 2013, and the platform was launched in 2015.
Conclusion:
Ethereum is a versatile and innovative platform that has revolutionized the way we think about digital currency and decentralized applications. Its smart contracts, decentralized nature, and programmability make it a powerful tool for a wide range of applications, including finance, supply chain management, and digital art.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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