What Ethereum coin
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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
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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
Ether coin
related introction:
eth is a kind of digital token of Ethereum, which is regarded as "bitcoin version 2.0", and uses the blockchain technology "Ethereum" different from bitcoin
The system ofEthernet coin is the most widely used public blockchain system supporting complete application development. Compared with bitcoin, Ethereum belongs to the category of blockchain 2.0, which is a new blockchain system designed to solve some problems of bitcoin network
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related background:
the emergence of Ethereum is to help users more easily use blockchain technology for application design. According to BARTLIN, the purpose of Ethereum is to create a more general blockchain platform, which can allow users to easily create blockchain based applications and avoid users having to build a blockchain in order to create a new application
generally speaking, the previous blockchain was only a single tool or at most a combination of multi-functional tools, while Ethereum is the smartphone of blockchain, and users can use the smartphone to build any "application" they need. Therefore, BARTLIN said that the application of blockchain is not limited to cryptocurrency. It has great potential and can be applied to all walks of life. It can bring significant benefits to enterprises and organizations of all sizes
source of reference: Internet - Ethernet currency