1. What is Ethereum?
Ethereum is the next generation of cryptography books that can support numerous advanced features, including user-issued currency, smart protocols, decentralized transactions, and the establishment of decentralized autonomous organizations (DAOs) or decentralized autonomous companies (DACs). Ethereum doesn't specifically support each individual type of function as a feature. Instead, Ethereum includes a built-in Turing-complete scripting language that allows you to write features that you want to implement through mechanisms called 'contracts.' Code. A contract is like an automatic agent. Whenever a transaction is received, the contract runs a specific piece of code that can modify the data storage within the contract or send the transaction. Advanced contracts can even modify their own code.
In a nutshell, Ethereum is an open source platform for digital currency and blockchain platforms. It provides developers with a platform to build and publish applications on the blockchain. Ethereum can be used to program, decentralize, guarantee and trade anything, voting, domain names, financial exchanges, crowdfunding, corporate governance, contracts and most agreements, intellectual property, and smart assets that benefit from hardware integration.
On February 28, 2017, a group of global companies representing the oil and gas industry, financial industry and software development companies formally launched the Enterprise Ethereum Alliance (EEA), which is dedicated to developing Ethereum as an enterprise-level blockchain. These companies include the British oil giant BP, JP Morgan Chase, software developers Microsoft, Accenture, Santander, BlockApps, BNY Mellon, CME, ConsenSys, Microsoft and Nuco. Many companies or organizations develop projects based on the Ethereum blockchain and issue tokens. The United Nations World Food Programme successfully used the Ethereum blockchain to provide assistance to 10,000 refugees.
2. Detailed Parameters
Chinese Name: Ethereum English Name: Ethereum English Abbreviation: ETH
Developer: Vitalik Buterin Core Algorithm: Ethash Release Date: 2015/3/20
Block Time: About 15-17 seconds/Block Block Award: 5 Total Currency: 72 Million +18.72 Million/Year
Main Features: Features including digital currency and smart contracts
3 Commonly Used Links
Official Website: https://www.ethereum.org/
Block Query: https://etherscan.io/