What is Ethereum ???
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Offline salah40dz  
#1 Posted : Saturday, December 11, 2021 12:31:18 AM(UTC)

Rank: Newbie

Joined: 11/27/2021(UTC)
Posts: 3

Ethereum is a blockchain protocol designed by Vitalik Buterin, a Russian-Canadian developer. Blockchain is a technology that [size=6][color=blue]allows information to be stored and transmitted transparently, securely and without a central control body. Launched in 2015, Ethereum, the second blockchain in terms of valuation after Bitcoin , allows the development of decentralized applications, called Dapps. It is different from Bitcoin, which is only focused on peer-to-peer payment. Tens of thousands of developers are building applications on Ethereum for the finance, entertainment, cloud and real estate industries. The Ethereum blockchain developer community is also one of the largest and most active in the world.

The operation of Ethereum is inspired by that of Bitcoin (storage of the history of network transactions) but it is more complex since it allows to build more complex applications. Ethereum makes it possible in particular to create smart contracts , contracts that are executed automatically on the network following predefined conditions. Let's illustrate this with a concrete case: if a plane is at least 1 hour late, the airline will automatically reimburse 20% of the plane ticket thanks to a smart contract.

Like the Bitcoin blockchain, Ethereum has its own cryptocurrency , ether, also called Ethereum within the community. It is not issued by a bank or other body but by the protocol itself. Ether, like other cryptocurrencies, is brought into circulation through mining. The "miners" perform mathematical calculations with their computer hardware for the network to confirm and secure transactions. It should also be noted that Ethereum, like any public blockchain, works with a consensus algorithm to ensure that all network players agree on a single version of the blockchain data at all times.
There is no official Ethereum or Ether value . This indicator is only an average of Ethereum prices (usually in dollars) across all cryptocurrency exchange platforms around the world. There are several sites which use this method, one of the most reliable of which is Messari . How is the price of ether determined? Quite simply by the law of supply and demand. Here is the real-time price of ether in euros and dollars

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