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 - 7 months ago

The Ethereum Value Proposition: Dark Horse Edition

If you’ve been in this sub for years, you may remember a series of posts here dubbed “ethereum value proposition” back in 2021 by yours truly during an epic eth fud campaign before ETH went on its face ripping rally. Check the receipts, I did a mult...

More / Etherum Reddit - 7 months ago

Ethereum is hard. Its mission is the most ambitious of any technology project in history. Where typically technologists seek to recreate industries using the latest innovations, like alt-L1s with payment systems, Ethereum is seeking to replace banking and

Ethereum will either forever remain a curious niche, or will supplant all existing orders into a new world that we can only begin to envision. One where an individual can make the money on their person more secure than the gold held at Fort Knox, and...

More / Etherum Reddit - 7 months ago

Ethereum is hard. Its mission is the most ambitious of any technology project in history. Where typically technologists seek to recreate industries using the latest innovations, like alt-L1s with payment systems, Ethereum is seeking to replace banking and

Ethereum will either forever remain a curious niche, or will supplant all existing orders into a new world that we can only begin to envision. One where an individual can make the money on their person more secure than the gold held at Fort Knox, and...