How does Ethereum succeed

1.

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 the

blockchain 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

2. ICO is actually the instry term of blockchain. It is the abbreviation of initial coin offering. It is the concept of initial public offering (IPO) derived from the stock market. It is the first time that blockchain projects issue tokens to raise bitcoin, Ethereum and other common digital currencies.

3. What was the situation of Ethereum ICO at that time - bitcoin Forum

4. Now digital currency is a zero sum game, you put money in, I put money in, I take out more, you take out less, then I make money, earn your money, so simple.

5. In short, the current ICO is based on the currency issued by Ethereum, as long as a smart contract is established on it, and financing needs to publicize your contract address, so that others can automatically exchange your currency when they call eth. Finally, it is said that domestic ICO is prohibited

6. Virtual currency and token have different functions

7. I have, poke my profile~

8. If you have spare money, you can go to the okex platform to open an account, smash it in and do a long-term job. You don't have to care about the rise and fall in the middle. This requires you to have a good attitude or make a fixed investment every month.