Ethereum

What is etherium?

The Etherium white paper was written by Vitaly Vytherin in 2013.
This white paper describes an open source, public, blockchain based distributed computing platform. It is also an application that runs exactly as programmed without any censorship, fraud, or third party intervention. It’s a platform that can run smart contracts.

Etherium not only allows developers to build and operate smart contracts.
Allowing them to issue their passwords directly on an Etheric block chain basis. Developers no longer need to develop a new blockchain to run their services. Not only did it save developers the time to develop a blockchain, it means that it provides the security and decentralization of Etherium.

It means that it provides the security and decentralization of Etherium. The smart contract built on etherium is Etherium’s decentralized ‘Turing-complete virtual machine’. This means that you will be able to use a virtual machine called ‘Etherium Virtual Machine’ or ‘EVM’. This is part of the protocol that actually runs smart contracts / scripts. EVM uses a public node’s network to run scripts to ensure crawling resistance of the platform.

EVM uses a public node’s network to run scripts to ensure crawling resistance of the platform. Ethereum’s scripts or smart contracts are specially designed for the “solidity”, it is written using a new programming language to encourage people to run nodes and scripts, and to prevent spam on the network. Etherium has its own cipher, ether (ETH).

You must pay an execution fee when you perform operations on Etherium.
The executive fee you pay is called “gas” and is priced at ether. Measure the amount of work a task or set of work must perform. The more calculations you need for your work, the more gas you need. The amount of ether you pay per gas is determined by you. The node determines the priority based on the amount paid.

One of the benefits of using Etherium is ‘reliable uptime’. If a company’s server fails, the service will stop,Even if one of the nodes in the ether is stopped, there are many nodes around the world to replace it.
Even if one of the nodes in the ether is stopped, there are many nodes around the world to replace it. And the part related to censorship is also an advantage. It is a malicious person to stop one central server.

It’s much easier than stopping 100 or 1000 servers spread around the world.
The ability to protect these services ensures that services are available to anyone in the world. The ability to protect these services ensures that services are available to anyone in the world. Simply put, Etherium can be seen as a block chain with built-in programming language, it is also a consensus-based computer in the world where applications run on top.

Because they think that the benefits gained by etherium are worth more than the benefits gained by a generic server.

Post navigation

Leave a Reply

Your email address will not be published. Required fields are marked *