What is Ethereum and how does it work?
Let’s dive into what Ethereum is, what ether is, how they work, and what the future possibly holds for this blockchain project
What is Ethereum (The Short Answer)?
Ethereum is “Goodness” in a blockchain. Or is it? As I began to research what exactly Ethereum is I have heard multiple concepts – especially, that it is a group of computers (nodes) that form a giant super computer. This is commonly called the Ethereum Virtual Machine. However, I also
Decentralized
+ TBD
TBD
Transparent
+ TBD
TBD
Immutable
+ TBD
TBD
How does it work?
It put ether in the air
EVM
Solidity, JS, CSS, HTML
Smart Contracts
Summary
TBD.
Section 1: What is Ethereum?
Section 2: What is Ether?
Section 3: What is Gas?
Section 4: How the Ethereum Network Works?
Section 5: What are Smart Contracts?
Section 6: What are DApps?
Section 7: What Are ERC-20 Tokens?
Section 8: What Are ICO’s?
Bitcoin is often considered “Crypto Finance.” Finance is in a way a subset of law, the laws of money so to say and Gavin Wood thought that Ethereum could become the cryptographic version of that. The realization of what Ethereum is “here.” The how is Vitalik’s “White Paper.” The why was established pretty early on from Bitcoin and the original white paper by Satoshi – the decentralization of everything. To trust someone without knowing them.
What Do You Think? Is this deep enough, just right or completely misses the mark?
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