What is Ethereum. Formal (What is Ethereum)
What is Ethereum. Formal. What is Ethereum. Formal. Currently, mainstream public
What is Ethereum. Formal. What is Ethereum. Formal. Currently, mainstream public chains use virtual machines, and Ether is a digital asset (ETH) issued based on blockchain technology, developed by projects such as Bitcoin and Litecoin. Ethereum’s role as a unit of account in the network is very clear: users can compare their wallet addresses with account balances and see that these transaction records are public, transparent, and viewable. If you want to participate in mining activities of other projects, you need to transfer tokens to them because this is an important signal for investors – fund security.
What is Ethereum
According to Cointelegraph, Ethereum is a blockchain protocol designed to provide a trustless platform for storing and managing various transactions. It is supported by cryptocurrencies such as Bitcoin and Litecoin and runs decentralized computer programs (DApps). Due to its decentralized nature and the existence of smart contract functionality, it can effectively reduce transaction costs. At the same time, the protocol provides developers with a tool to directly integrate their own built applications into the Ethereum ecosystem.
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