Ethereum


Ethereum is a global, open-source platform for decentralized applications. In other words, the vision is to create a world computer that anyone can build applications in a decentralized manner; while all states and data are distributed and publicly accessible. Ethereum supports smart contracts in which developers can write code in order to program digital value. Examples of decentralized apps (dapps) that are built on Ethereum includes tokens, non-fungible tokens, decentralized finance apps, lending protocol, decentralized exchanges, and much more. On Ethereum, all transactions and smart contract executions require a small fee to be paid. This fee is called Gas. In technical terms, Gas refers to the unit of measure on the amount of computational effort required to execute an operation or a smart contract. The more complex the execution operation is, the more gas is required to fulfill that operation. Gas fees are paid entirely in Ether (ETH), which is the native coin of the blockchain. The price of gas can fluctuate from time to time depending on the network demand.

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More / Etherum Reddit - 1 year ago

The DAO Hack that Changed Ethereum's Destiny

Setting the Mood Ethereum went live on July 30th, 2015. The network promised applications built on top of blockchain, but for a while very few actual applications emerged. Many recognized Ethereum had potential, but applying that potential was...

by COINS NEWS - 1 year ago

Why is Bitcoin more volatile than Ethereum lately?

In the past few weeks, we’ve seen bitcoin fluctuate on a wider spectrum, going from $25k to $30k, and bouncing off these levels again and again. Ethereum however seems to have a much narrower range between $1,700 and $1,900. It’s a lot tighter spect...

More / Etherum Reddit - 1 year ago

Reasons Why Ethereum Has Intrinsic Value

Ethereum has experienced significant growth and value over the past six years. Here are the key reasons for its inherent value: Smart Contract Capability: Ethereum enables the execution of programmable smart contracts, powering decentralized applica...