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lemhome
@lemhome
Ethereum is a decentralized, open-source blockchain system that features smart contract functionality. It was conceived in 2013 by programmer Vitalik Buterin @vitalik.eth and development began in early 2014 through a Swiss company, Ethereum Switzerland GmbH (EthSuisse).
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Escoin
@escoin
beginning
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nicer
@nicer
Ethereum used a Proof of Work (PoW) consensus mechanism, similar to Bitcoin. However, it is transitioning to a Proof of Stake (PoS) mechanism through the Ethereum 2.0 upgrade. PoS aims to improve scalability, security, and energy efficiency.
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bericher
@bericher
The EVM is the runtime environment for smart contracts in Ethereum. It is Turing-complete, meaning it can execute any computational task, given enough resources. The EVM isolates and executes smart contract code, ensuring security and integrity.
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warchat
@warchat
Ether is the native cryptocurrency of the Ethereum platform, used to compensate participants who perform computations. It also serves as the "fuel" for running applications and paying for transaction fees on the network.
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Queen
@liyiyishixiao
Developers can create and deploy decentralized applications on the Ethereum platform. DApps operate without reliance on a single controlling entity, reducing the risk of single points of failure.
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linpengbo
@mysunshine
Ethereum allows developers to write smart contracts, which are self-executing agreements where the terms are directly written into code. These contracts run on the Ethereum Virtual Machine (EVM), ensuring transparency and trust in their execution.
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iceclaim
@iceclaim
gogogo
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Rose
@gocoin1
yeah
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Y
@liyiyi
👍
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