So, what exactly is Ethereum?
Specifically, Ethereum is a programmable, visual and easier-to-use blockchain, which allows anyone to write smart contracts and issue tokens. Just like bitcoin, Ethereum is decentralized and the whole network accounts for it. The account books are open and transparent and cannot be tampered with.
Different from Bitcoin, Ethereum is a programmable blockchain, which provides a complete Turing scripting language. Therefore, developers can directly program in high-level languages such as C language and convert it into assembly language, which greatly reduces the development difficulty of blockchain applications.
For easier understanding, for example, Ethereum is like the Android of the blockchain. It is a development platform that allows us to write applications based on blockchain technology, such as Android framework. It provides various modules for users to build applications. If the architectural application is compared to building a house, then Ethereum provides modules such as walls, roofs and floors. Users only need to build houses like building blocks, so the cost and speed of building applications on the Ethereum are greatly improved.
In fact, before the emergence of Ethereum, writing a blockchain application was like this: copy a bitcoin code, and then modify the underlying codes such as encryption algorithm, consensus mechanism and network protocol. A lot of counterfeit money is like this, and a new coin will come out after the change.
As for how the Ethereum works?
Like other blockchains, Ethereum needs thousands of people to run a software on their computers to drive the network. Every node (computer) in the network runs a software called Ethereum Virtual Machine (EVM). If we think of Tai Fang Virtual Machine as an operating system, it can understand and execute software written in Taifang's specific programming language, and the software/application program executed by Ethereum Virtual Machine is called "smart contract".
But the operation on this computer is not free, and you need to pay the encrypted currency that comes with the network, which is called Ethernet. Ethereum is roughly the same as Bitcoin, except that Ethereum can pay for executing smart contracts in Ethereum.
Back to the development history of Ethereum, the concept of Ethereum was first put forward by programmer Vitalik Buterin from 20 13 to 20 14, which means "the next generation cryptocurrency and decentralized application platform", and it began to develop through ICO crowdfunding in 20 14.
As of 2065438+February 2008, Ethereum is the second highest cryptocurrency in market value, second only to Bitcoin.
For many programmers and investors, July 30th, 20 15 is a big day. After 18 months of brewing, the Ethereum blockchain platform was finally officially born. At about 1 1:45 that day, in the office of Brooklyn, when the first building block was born in the Ethereum blockchain, there were many fanatics. At that time, the whole office applauded. The weather was terrible that day. There is a thunderstorm in new york, and everyone's smartphones send out noisy flood warning signals from time to time.
According to the information on the company website, Ethereum is a decentralized application platform. Taking the smart contract as an example, the designer can completely rule out the possibility that the crash is monitored, cheated or interfered by a third party. Just like Bitcoin, Ethereum uses Ethereum to attract participants, build a network architecture to verify the trading platform, maintain the operation of the network architecture, and decide which events really happen through consensus. However, Ethereum is also different from Bitcoin. Ethereum provides some powerful tools for developers to create, and there are decentralized software services, which can be used from online games to stock trading.
The idea of Ethereum originated from 20 13, when a Russian Canadian was only 19 years old, such as Vitalik Butrin. He argued with the core developers of Bitcoin at that time that the blockchain network architecture needed a more stable manuscript language to develop other applications, but his idea was not adopted, which made him determined to develop a blockchain network architecture consensus that met his own ideas. This company is his first step.
Torvalds, a master, introduced Linux operating system, just like Butrin introduced Ethereum. Joseph Rubin, co-founder of Consensus Systems, said when talking about the rise of the blockchain Ethereum, I increasingly feel that it is a waste of time to take to the streets to post posters. It is better to work together to bring more practical changes to the economic system of this unbalanced society.
Like many entrepreneurs, Rubin has great aspirations. He not only wants to create a great company, but also wants to take the opportunity to overcome the intractable problems in this world. The company's application will have a shocking impact on more than a dozen industries in other fields. Their plan includes a distributed triple entry accounting system, which was initially well received, but later caused controversy due to centralized control. Reddit Forum has launched a new distributed version, which is managed by an automatically executed file format. The system is now called smart contract. It covers the forecast market in the field of commercial sports and entertainment, the open bidding energy market, and a set of commercial tools that can compete with Apple Computer for large-scale collaborative collective creation and realize the common management mechanism without management companies.
Ethereum was founded by Vitalik Buterin in 20 14. It is a blockchain underlying system, similar to the Internet operating system, and the DAPP (Decentralized Application) developed based on it is similar to the software APP developed based on the Internet operating system.
Its appearance is mainly to make up for the shortcomings of Bitcoin, which can only realize a peer-to-peer electronic cash transaction system and cannot realize the application of blockchain technology in other scenarios. If it is used in a scene every time, it takes too much time and energy to build a basic system and then develop it, and the cost is high. To this end, Ethereum has built an underlying system for developers to use, and developers only need to develop their own DAPP applications on this basis. According to last May's data, there are more than 200 Ethereum applications around the world.
In addition, Ethereum is also one of the excellent public chain stores in the blockchain. However, its slow transaction speed has been criticized by many developers, and Ethereum developers are constantly trying to develop fragmentation technology to change this phenomenon.
The essence of Ethereum is a programmable, visual and simple blockchain, which allows anyone to write smart contracts and issue tokens (which is one of the reasons why there are so many kinds of air coins and pyramid schemes on the market). Like Bitcoin, Ethereum is decentralized. The whole network records all the conditions of Ethereum together, and it is open and transparent and cannot be tampered with.
Then you want to ask, what is the difference between Ethereum and Bitcoin? In layman's terms, you can understand Ethereum as a programmable blockchain, which provides a complete set of Turing scripting languages. On this basis, subsequent developers can directly program in languages such as C and then convert them into assembly languages, thus reducing the development difficulty of blockchain applications. Just like on the Android system, the api and interface are ready, and users can directly develop the app. From the beginning of the birth of Ethereum to the present, hundreds of applications have been born on Ethereum, and the Russian government even cooperated with Ethereum Foundation.
I hope my answer can help you!
At the basic level, Ethereum is a software platform based on blockchain technology. This platform allows building and deploying distributed applications. What is the "ether" in the Ethereum? People who are interested in Ethereum often ask, "What is Ethereum?"
It is very important to understand Ethernet, because it is the basis of the function of Ethereum. Just as all machines use some kind of fuel, so does the blockchain. Ethereum uses Ethernet, which is a unique code that can be used as a way to pay for running applications or programs. Just as slot machines need coins (or prepaid cards now) to run coins, customers must use Ethernet as payment to run the operations they need in Ethereum.
Other people's answers are really too much trouble.
It is too complicated.
Ethereum
Simply put, it is such a conclusion:
Ethereum equals BTC+ smart contract+freedom of contract+deflationary assets+use value.
This conclusion is not difficult to understand.
The official definition is more cunning:
Open source public blockchain platform with smart contract function. A decentralized virtual machine is provided through its dedicated cryptocurrency Ether (also known as "Ethernet").
In short, Ethereum is such a conclusion:
Ethereum equals BTC+ smart contract+freedom of contract+deflationary assets+use value.
Let me give you a brief introduction.
First of all, let's look at the following video: that is, the video of V God, the founder of Ethereum, which is a particularly good explanation.
In short, Ethereum is such a conclusion:
Ethereum equals BTC+ smart contract+freedom of contract+deflationary assets+use value.
The official definition is more cunning:
Ethereum is a programmable and visual blockchain platform. It has a variety of operational functions, such as calculating and summarizing various data.
Ethereum is a qualitative leap in blockchain technology! Just as http is the underlying supporting technology of the Internet, Ethereum can make various ecological dapp based on Ethereum smart contracts.
What is Ethereum? Ethereum is the foundation of the new era of Internet.
Built-in currency and payment.
Users have personal data sovereignty and will not be monitored or stolen by various applications.
Everyone has the right to use an open financial system.
Based on a neutral and open source infrastructure, it is not controlled by any organization or individual.
The establishment of Ethereum The main network of Ethereum was launched on 20 15, which is the world's leading programmable blockchain.
Like other blockchains, ETHereum also has a local cryptocurrency called Eth. ETH is a kind of digital currency, which has many functions in common with Bitcoin. It is a pure digital currency, which can be instantly sent to anyone anywhere in the world. The supply of ETH is not controlled by any government or organization, and it is scattered and scarce. People all over the world are using ETH for payment or as value storage and collateral.
But unlike other blockchains, Ethereum can do more work. Ethereum is programmable, and developers can use it to build different applications.
The role of Ethereum These decentralized applications (or "dapp") are based on cryptocurrency and blockchain technology, so they are credible, which means that once dapp is "uploaded" to Ethereum, they will always run according to the programmed programs. These applications can control digital assets to create new financial applications; At the same time, it is decentralized, which means that no entity or individual can control them.
At present, there are thousands of developers all over the world building applications and inventing new applications, many of which can be used now:
1. Encrypted Wallet: Allows you to use ETH or other digital assets for low-cost instant payment.
2. Financial application: allows you to borrow and invest in digital assets.
3. Decentralize the market: allow you to trade digital assets and even "predict" real-world events.
4. Game: You can own the assets in the game, and even get tangible benefits and more from it.
Ethereum Community Ethereum Community is the largest and most active blockchain community in the world. It includes core protocol developers, cryptoeconomy researchers, cryptopunk, mining organizations, ETH holders, application developers, ordinary users, anarchists and Fortune 500 companies.
No company or centralized organization can control Ethereum. All along, Ethereum has been maintained and improved by diversified global community contributors, and community members have cultivated all aspects of Ethereum from core protocols to applications.
The culprit of the congestion in Ethereum has been found, so it is it!