Ethereum: Difference between revisions
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=== What is Ethereum? === | === What is Ethereum? === | ||
* Ethereum is a network of computers all over the world that follow a set of rules called the Ethereum protocol. | * Ethereum is a network of computers all over the world that follow a set of rules called the Ethereum protocol<ref name=":0">https://ethereum.org/en/what-is-ethereum/</ref>. | ||
* The Ethereum network acts as the foundation for communities, applications, organizations and digital assets that anyone can build and use | * The Ethereum network acts as the foundation for communities, applications, organizations and digital assets that anyone can build and use<ref name=":0" />. | ||
=== | === Blockchain === | ||
The concept of blockchain is crucial in understanding Ethereum. | |||
=== | === What can Ethereum do<ref name=":0" />? === | ||
* Banking: Everyone is allowed to access Ethereum and the lending, borrowing and savings products built on it is an internet connection. | |||
* An open internet: Users can control their own assets and identity, instead of them being controlled by a few mega-corporations. | |||
* A peer-to-peer (p2p) network: Ethereum allows users to coordinate, make agreements or transfer digital assets directly with each other. | |||
* Censorship-resistant: No government or company has control over Ethereum. | |||
* Commerce guarantees: Users have a secure, built-in guarantee that funds will only change hands if they provide what was agreed. | |||
* Composable products: All applications are built on the same blockchain with a shared global state, meaning they can build off each other. This allows for better products and experiences and assurances that no-one can remove any tools apps rely upon. | |||
=== | === NFT === | ||
=== Ethereum vs. Bitcoin === | |||
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=== Valuation === | |||
=== Risks === | === Risks === | ||
Revision as of 09:54, 24 July 2023
| Type | Decentralized blockchain |
| Release Date | 30 July 2015 |
| Founder | Vitalik Buterin |
| Website | ethereum.org[1] |
What is Ethereum?
- Ethereum is a network of computers all over the world that follow a set of rules called the Ethereum protocol[1].
- The Ethereum network acts as the foundation for communities, applications, organizations and digital assets that anyone can build and use[1].
Blockchain
The concept of blockchain is crucial in understanding Ethereum.
What can Ethereum do[1]?
- Banking: Everyone is allowed to access Ethereum and the lending, borrowing and savings products built on it is an internet connection.
- An open internet: Users can control their own assets and identity, instead of them being controlled by a few mega-corporations.
- A peer-to-peer (p2p) network: Ethereum allows users to coordinate, make agreements or transfer digital assets directly with each other.
- Censorship-resistant: No government or company has control over Ethereum.
- Commerce guarantees: Users have a secure, built-in guarantee that funds will only change hands if they provide what was agreed.
- Composable products: All applications are built on the same blockchain with a shared global state, meaning they can build off each other. This allows for better products and experiences and assurances that no-one can remove any tools apps rely upon.
NFT
Ethereum vs. Bitcoin
| Type | |||