what is ETHEREUM ?

in #esteem6 years ago

imageEthereum is actually very similar to Bitcoin. Ethereum is a public peer-to-peer network or blockchain with its own digital currency called Ether. Ethereum was created by Vitalik Buterin in 2014 and Ethereum's goal is to become a platform where smart contracts can be created and executed.

Simply put, the goal of Ethereum is to become a world computer.

Bitcoin is intended to keep a list of balances and transactions on the blockchain, while the Ethereum blockchain is designed to store various types of data. This data can be accessed and used by computer programs running on the Ethereum blockchain. These programs are called decentralized applications, or dapps.

Developers around the world can build and run decentralized applications on the Ethereum blockchain. The aim is to improve the financial industry, store personal information, governance with various other uses by using the transparent nature of blockchain.

Sort:  

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by khatamipulo from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Congratulations @khatamipulo! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!