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What is Ethereum?: A blog post around the basics of what ethereum is and how it works

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What is Ethereum?: A blog post around the basics of what ethereum is and how it works.

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring wise contract functionality. The network runs on a Proof-of-Work consensus. The cryptocurrency token of the platform is called Ether. Ethereum was developed by Vitalik Buterin, a Russian-Canadian programmer, and the co-founder of Bitcoin Magazine. Early supporters in the cryptocurrency community included Jed McCaleb, who also co-founded the aforementioned Bitcoin Magazine, and Charles Hoskinson, who became co-founder of the platform alongside Vitalik but did not contribute any code.




What is Ethereum

Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Amongst cryptocurrencies, Ether is second only to Bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin. Buterin’s vision was that Ethereum would allow a new style of application to be built on blockchain technology, without the need for a trusted third party to oversee and enforce the rules of the system. The Ethereum platform was launched on July 30, 2015.

What are the different types of Ethereum

Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. It offers a decentralized Turing-complete virtual machine called the Ethereum Virtual Machine (EVM) that can execute scripts using an international network of public nodes. The cryptocurrency was designed to run.




What are the benefits of Ethereum

Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Amongst cryptocurrencies, Ether is second only to Bitcoin in market capitalization.

How to buy Ethereum

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. It is a blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. 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 central authority.




What are the different types of cryptocurrencies

The different types of cryptocurrencies are Bitcoin, Ethereum, Ripple, Litecoin and NEM. There is also a variety of digital currencies that have been created on the Ethereum platform and are not mined.

Conclusion: Ethereum is the most popular cryptocurrency, so keep your eye out for it.

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