Ethernet protocol
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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
generally, protocol level assets can also be used as local procts of the protocol (no platform required!) Bitcoin is a good example. Bitcoin (capital B) refers to the agreement. The agreement depends on the local asset: bitcoin (small b). This local asset is also used as the end proct: it's the user's means of payment, the store of value, and (to be honest) a degree of hype. Please note that bitcoin does not really provide a platform. It's not very friendly for developers trying to build new procts on it< On the other hand, Ethereum has three levels. It's an agreement that provides the basic rules. This is a platform that enables developers to build new procts on the system. Moreover, because its agreement contains a local asset, it also gets a built-in proct (in the form of ether)
the application fields of blockchain include digital currency, token, finance, anti-counterfeiting traceability, privacy protection, supply chain, entertainment, etc. with the popularity of blockchain and bitcoin, many related top domain names have been registered, which has a great impact on the domain name instry.
what is Ethereum
Ethereum is often compared with bitcoin, but the situation is different. Bitcoin is a kind of cryptocurrency and distributed payment network, which allows bitcoin to be transferred between users
related: what is bitcoin? How does it work
Ethereum has a bigger goal. As Ethereum says, "Ethereum is a distributed platform running smart contracts.". These smart contracts run on "Ethereum virtual machine", a distributed computing network composed of all devices running Ethernet nodes
"distributed platform" means that anyone can set up and run an Ethereum node just as anyone can run a bitcoin node. Anyone who wants to run "smart contracts" on nodes must pay the operators of these nodes in ether, which is a cryptocurrency related to Ethereum. Therefore, the person running the Ethernet node provides computing power and gets paid in the Ethernet, which is similar to the way that the person running the bitcoin node provides hash power and pays in bitcoin
in other words, although bitcoin is only a blockchain and payment network, Ethereum is a distributed computing network, and its blockchain can be used for many other things. Details are provided in the Ethereum white paper
what is ether
Ethernet is a digital token (or cryptocurrency) related to Ethereum blockchain. In other words, Ethereum is the token and Ethereum is the platform. But now people often use these terms alternately. For example, coinbase allows you to buy Ethereum, which stands for Ethereum
this is technically "altcoin", which actually means a non bitcoin cryptocurrency. Like bitcoin, ether is supported by distributed blockchain - in this case, Ethereum blockchain
developers who want to create applications or Ethereum smart contracts on Ethereum blockchain need Ethernet token to pay for nodes to host it, while users of Ethereum based applications may need Ethernet to pay for services in these applications. People can also sell services outside the Ethereum network and accept Ethernet payments, or they can sell Ethernet tokens in cash - just like bitcoin
After reading the answers of other respondents, I really want to laugh. It's not terrible to pretend that I don't understand. What's terrible is to answer blindly. There's something wrong with this question. The burst of 5.7 billion yuan has nothing to do with a drop of 10 cents. It can even be said that its disappearance is e to the sharp rise. So where is the decline? If bitcoin really falls, it will not be 5.7 billion capital washed away, it will be tens of billions, hundreds of billions of capital evaporated, those who talk about trends and development, please study the capital and stock market well, and by the way, please search for the meaning of the word "burst", no culture is too terrible
in addition, I would like to make a digression. Recently, a hot topic is fund. In 2021, the annual meeting is more or less a national fund. In 2020, the fund manager is still a good active fund. Even if the position is not changed, the annual yield will reach at least 40%, but this does not mean that this year is still OK, It's not that everyone can make money playing with funds. it's similar to the nature of stocks. Index funds, stock funds and even active funds are risky. I think many people say that they should get on the bus quickly. They are really worried about your funds of course, 2021 may be a bull market. It is estimated that the whole network has spread, many people are rubbing their hands to make a lot of money, but I can't do much. I just advise you not to go with the flow too much, don't be greedy, and don't think you are. That's all. Good luck
full name: Ethernet
definition of Ethernet:
http://www.enet.com.cn/article/2006/0814/A20060814162566.shtml
1、 Different subjects
1, TCP / IP: a protocol cluster composed of FTP, SMTP, TCP, UDP, IP and other protocols, which can realize information transmission between multiple different networks
Ethernet IP is an instrial Ethernet communication protocol developed by Rockwell Automation Company, which is a part of CIP TCP / IP is the most basic communication protocol in the use of network. TCP / IP transport protocol specifies the standards and methods of communication between different parts of the Internet Ethernet IP: the physical layer network of Ethernet and the communication protocol of TCP / IP are used, which can be realized by the software of microprocessor without special ASIC or FPGA TCP / IP: used to receive data from the transport layer or transmit data to the transport layer according to different application requirements and methods2. Ethernet IP: it can be used in some automatic networks that allow a small amount of indeterminacy occasionally
In this press conference, the central bank talked about the supervision of encryption assets. We all know that the most popular or topical encryption asset is bitcoin. In this press conference of the central bank, it was pointed out that bitcoin is also an important investment tool, not an asset tool. So today we will discuss the future of cryptocurrency{ RRRRR}
Third, how to view the existence of cryptocurrency in the future
when all digital currencies in various countries become popular, it means that cryptocurrencies like bitcoin have no room to survive. After all, at that time, the scarcity of bitcoin itself has been broken. In fact, in a strict sense, bitcoin itself has no scarcity, and its own value is constantly hyped. So in my opinion, as the central bank said, bitcoin is just an investment tool, it does not have the value of money