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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by COINS NEWS - 1 year ago

ETHEREUM turned 8 years old today

Happy 8th Birthday to Ethereum! The Ethereum genesis block was created exactly 8 years ago today, on July 30, 2015, at exactly 10:26 a.m. EST. Ethereum was born. Without a doubt this marked the start of what is known today as DEFI decentralized finan...

More / Etherum Reddit - 1 year ago

8 years of Ethereum progress

Happy 8th Birthday, Ethereum! ???? Today, we celebrate the revolutionary blockchain platform that changed the game in decentralized applications (dApps) and finance (DeFi). From inception to now, Ethereum's journey has been incredible. Let’...

More / Etherum Reddit - 1 year ago

Ethereum network - wallets or addresses tracked?

Perhaps a stupid question but as far as I can tell, on the bitcoin network/btcscan it feels fairly clear that if a total value of assets is given its for the addresses. That is to say it can only show what has been received from and sent by that addr...

by COINS NEWS - 1 year ago

300.000 Ethereum removed from supply

Since the merge, which was 316 days ago, the Ethereum network burned over 870.000 Eth and therefore limit the supply by 300.000 Eth. With out the upgrade to proof-of-stake the supply would have increased by over 3 million Eth in the same period...