Ethereum is presented as a blockchain-based platform that extends the capabilities of Bitcoin by allowing the execution of programmable, self-executing contracts. The motivation is to create a decentralized platform for building decentralized applications (DApps) with a broader scope than Bitcoin.
The motivation is to create a decentralized platform for building decentralized applications (DApps) with a broader scope than Bitcoin.
Ethereum introduces the concept of "smart contracts," which are self-executing contracts with the terms of the agreement directly written into code. Smart contracts facilitate trustless and automated transactions without the need for intermediaries.
Ethereum enables the creation of decentralized autonomous organizations (DAOs), which are entities governed by smart contracts and code rather than traditional hierarchical structures.
Symbol: ETH
Consensus Mechanism: Proof Of Stake
Supply: 120455304.53520444 ETH
Ethereum has emerged as a transformative force in the blockchain realm, enabling a decentralized future where smart contracts and DApps drive innovation. Its pioneering approach to programmable transactions, coupled with the revolutionary concept of DAOs, has set a new standard for digital autonomy. As Ethereum evolves with its transition to Ethereum 2.0, it continues to impress with its commitment to scalability, security, and sustainability, cementing its position as a leading platform for the next generation of the internet.