I’m sure many people don’t know what Ethereum is. Ethereum is an open source platform, a digital currency and a blockchain platform. What about ethereum whitepapers? Next, let xiaobian introduce it to you.
When an anonymous figure named Satoshi Nakamoto proposed the Bitcoin blockchain in 2008, he introduced the world to two revolutionary things at once. The first is bitcoin digital currency, which is a decentralized virtual currency. So far, Bitcoin has attracted a large number of investors because there is no central bank to manage it and its price has wild fluctuations. However, there is another more important thing, blockchain technology. Blockchain is the underlying technology of Bitcoin. Now, more and more developers are rapidly turning their attention to blockchain technology and the application field of blockchain.
Ethereum is different from Bitcoin in that bitcoin is a digital currency, and Ethereum is a currency with a whole set of code in which all information is encrypted. Because ethereum is the perfect combination of cryptocurrency and editing code, it is fundamentally different from blockchain technology, and it is this special point that makes it different.
Ethereum is an underlying open source system that can implement smart contracts on the blockchain, providing a platform for developers to build and distribute applications on the blockchain. Etheric fang application and principle of the white paper is introduced in detail the etheric lane, it talks about the history of the etheric fang, messages and transactions, Ethernet, Ethernet fang fang account state transition function, as well as the application of Ethernet fang, etc., the etheric fang has an important currency called the etheric COINS, it is similar to the number of COINS currency, is the inside of the etheric lane main encryption fuel, to pay for the cost of trading.
Inside Ethereum is a virtual digital currency called Ether. Ethereum and Bitcoin have basically similar attributes. They are both completely virtualized digital currencies with characteristics of anonymity and tamper-proof. They are both tokens in a decentralized system and are not supervised by any institution. At the same time, Ethereum has a circulation function like Bitcoin, and has more value than our real money does.
Ethereum is not an institution, but a system, a platform and a programming language. I believe that in the future, Ethereum will definitely play a more important role.