Ethereum digital assets
Ethereum energy coin is not MLM
Ethereum is an open source public blockchain platform with smart contract function. Ethereum provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency Ethereum
in 2013, vitalik buterin, 19, first mentioned the idea of Ethereum in a book entitled "Ethereum white paper: next generation intelligent connection and decentralized application platform". Then, in 2014, the algorithm and protocol of Ethernet coin were officially implemented, and $150 million was raised. The system itself was finally completed on July 30, 2015
as the representative of blockchain 2.0, the mainstream currency Ethernet is regarded as the wind vane of crypto digital currency market. However, over the past week, the price of ether currency has continued to fall. On August 14, 2018, the ethereal currency plummeted by 20%, reaching a record low of $257 this year. Compared with this year's peak of $1295, the price of Ethernet currency has shrunk by more than 80%. Affected by this, on August 15, 2018, none of the top ten mainstream currencies in the digital money market was spared, falling across the board, with a number of single day declines exceeding 10%
extended data
Ethereum started planning almost in 2013, and started to implement the project in 2015. Before that, there were many digital currencies imitating bitcoin in the market, and they made various modifications on the basis of bitcoin code. In this way, it is very difficult to develop a new blockchain application, to re deploy a new chain, and then to develop an application on this chain. Using a consensus mechanism of pow alone is a huge maintenance workload. It's like developing an app on a mobile phone and developing the Android system together
after Ethereum comes out, it is equivalent to the underlying operating system of the blockchain. On Ethereum, it is very convenient to develop various dapps without considering the underlying development, and it can also share the computing power and storage of Ethereum. For programmers, the threshold of blockchain development is lowered instantly. The emergence of Ethereum has played a very important role in the development and popularization of blockchain applications. That's why Ethereum is called blockchain 2.0
what is Ethereum:
Ethereum is an innovation based on the application of technologies and concepts in bitcoin to computers. Ethereum itself imitates a lot of bitcoin technology to maintain the computer platform. Blockchain technology is one of them
Ethereum platform can safely run any program users want
advantages of Ethereum over other competitive currencies before Ethereum appeared, some digital currencies imitated bitcoin. However, these projects have their own shortcomings, they can only support one or several specific applications at the same time< However, the reason why Ethereum can surpass the limitations of these projects in the past is because of the core idea of Ethereum
what Ethereum wants to implement is a blockchain protocol with built-in programming language. Since it supports programming language, in theory, any blockchain application can be defined with this language, and then run on Ethereum's blockchain protocol as an application
The design of Ethereum is very flexible and adaptable
Ethereum target sets the advantages of blockchain technology, in order to add the advantages of blockchain, such as decentralization, openness and security, to almost all computing fields
blockchain applications of Ethereum
Ethereum has many blockchain applications, such as digital applications of gold and stocks, financial derivatives applications, DNS and digital authentication, etc
Ethereum has achieved more than 100 blockchain applications by many start-ups
Ethereum has also been closely watched by some financial institutions, banking consortia (such as R3), as well as large companies like Samsung, Deloitte, RWE and IBM. As a result, a number of blockchain applications such as simplified and automated financial transactions, merchant loyalty index tracking, and gift cards designed to achieve decentralization of electronic transactions have emerged
the relationship between Ethereum and blockchain:
Ethereum is a programmable blockchain
Ethereum does not give users a series of preset operations (such as bitcoin transaction), but allows users to create complex operations according to their own wishes
in this way, Ethereum can be used as a platform for various types of decentralized blockchain applications, including but not limited to cryptocurrency
like other blockchains, Ethereum also has a peer-to-peer network protocol. Ethereum blockchain database is maintained and updated by many nodes connected to the network. Each network node runs the Ethereum simulator and executes the same instructions. Therefore, people sometimes call Ethereum "world computer"
issued based on Ethereum public chain should be observed according to the price trend of the platform.
Ethereum is an open source public blockchain platform with smart contract function. It provides decentralized virtual machine (Ethereum virtual machine) to process point-to-point contract through its special cryptocurrency ether (also known as "Ethereum")
The token on theblockchain is called ether, and the code is eth. It can be traded in many foreign exchange markets of cryptocurrency, and it is also the medium used to pay transaction fees and computing services on Ethereum
the concept of Ethereum was first proposed by vitalik buterin, a programmer, from 2013 to 2014, inspired by bitcoin, with the general meaning of "next generation cryptocurrency and decentralized application platform", and began to develop through ICO crowdfunding in 2014. As of February 2018, Ethernet is the second highest cryptocurrency in market value, second only to bitcoin
extended data:
Ethereum platform has no characteristics and value. Like programming languages, it's up to entrepreneurs and developers to decide what to use. However, it is clear that some application types benefit more from the functions of Ethereum than others. Ethereum is especially suitable for those applications that automatically interact directly between points or promote group coordination activities across networks
for example, coordinate the application of point-to-point market, or the automation of complex financial contracts. Bitcoin enables indivials to exchange money without the help of financial institutions, banks or governments. The impact of Ethereum may be more profound
in theory, any complex financial activities or transactions can be automatically and reliably carried out on Ethereum with coding. In addition to financial applications, any application scenario with high requirements for trust, security and persistence, such as asset registration, voting, management and Internet of things, will be affected by Ethereum platform on a large scale
In fact, Ethernet is an electronic virtual currency, which is regarded as "bitcoin version 2.0". The blockchain technology "Ethereum", which is different from bitcoin, is the real reason to win Putin's favor
Ethereum is an open-source public blockchain platform with smart contract function. It mainly provides decentralized virtual machine to process point-to-point contracts through its special encrypted currency Ethereum, which is fast and unlimited in quantity. In other words, it is a monetary payment system, but their functions and purposes are different
if bitcoin is considered to be a shared global book that securely records all bitcoin bills. Then Ethereum is to maintain a shared computing platform, which can flexibly and safely run any program users want. Because of this, many countries and enterprises are developing how to use Ethereum technology in the real world
the latest price of eth on btctrade platform of bitcoin trading network is ¥ 2430! The increase is amazing
blockchain Ethereum is widely used
at present, the application of Ethereum technology in Russia is still relatively positive. For example, veb, the state-owned Development Bank of Russia, began to apply Ethereum technology to some administrative functions last week, and Russian steel giants are also testing the application of Ethereum in the safe transfer of international letters of credit. Therefore, Putin believes that this virtual currency can help Russia diversify its economy and support the paving of the way by blockchain technology and the establishment of new businesses
not only Russia, JPMorgan Chase, Microsoft, Intel and others are optimistic about Ethereum technology. At the same time, Ethereum has also been paid close attention by some financial institutions, banking consortia, Samsung, IBM and other large companies, resulting in the simplification and automation of financial transactions, merchant loyalty index tracking, customer satisfaction index tracking, customer satisfaction index tracking, etc Blockchain applications such as gift cards are designed to achieve decentralization of electronic transactions. That's why the etheric currency is rising
the future of ether coin
of course, different from Ethernet, there are 670 bitcoin ATMs in the world, and thousands of outlets support bitcoin payment, but Ethernet has not yet emerged in the field of electronic payment. Mainly used to support the Ethereum network to run the program. Therefore, whether bitcoin will be recognized in the future is still unknown, but what Russian President Vladimir Putin has done may not be a signal
we have said before: it is still difficult to define bitcoin as currency, but it must be an asset, and I think Ethereum must be an asset. Although the application of blockchain technology is not yet mature, in a sense, it will be used sooner or later. After all, in the future era of big data, blockchain technology can better protect the efficiency and privacy of our information
this is why digital currency Ethereum is so popular
hope to adopt