Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: Crypto_Somrat on October 16, 2020, 10:30:13 AM
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Ethereum is based on the Bitcoin protocol and the architecture of its blockchain. The Ethereum blockchain can be used as a state-based system for transactions. Its working can be briefly described in detail as follows:
Step 1: Each Ethereum state is composed of millions of transactions.
Step 2: These transactions are grouped together in the form of blocks linked to other blocks.
Step 3: But it needs to be checked via a method known as mining before the transaction is applied to the ledger.
Step 4: A lot of miners are competing with each other to shape a block.
Step 5: Once a block is formed by the miner Ether tokens are generated and given to the miner
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ethereum has a function like other cryptocurrencies, it's just that ethereum has very good technology and can be used to create a new cryptocurrency.
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ethereum has a function like other cryptocurrencies, it's just that ethereum has very good technology and can be used to create a new cryptocurrency.
of course ethereum is like that.
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Thank you so much for giving me this informative reasonable post. I had no idea how the etherium coin was made. I am completely clear after reading this post of yours. thank you bro.
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I think this knowledge belongs to the early stages of Ethereum, when we want to explain to newbie about Ethereum as another version of Bitcoin :)
Currently, the working mechanism of Ethereum has become much more complex to serve the needs of different projects, of different users, while ETH 2.0 with the change of consensus protocol & some technology enhances the scalability of the entire network... I think I'll be excited to wait for a detailed analysis of the Shardings mechanism and potential :)
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Thank you so much for giving me this informative reasonable post. I had no idea how the etherium coin was made. I am completely clear after reading this post of yours. thank you bro.
ethereum was created with the existence of smart contracts which are currently finally being used by many people, especially in 2015-2018 there were lots of ICOs circulating using smart contract technology.
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Thank you so much for giving me this informative reasonable post. I had no idea how the etherium coin was made. I am completely clear after reading this post of yours. thank you bro.
ethereum was created with the existence of smart contracts which are currently finally being used by many people, especially in 2015-2018 there were lots of ICOs circulating using smart contract technology.
what you describe is true.
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Broadly speaking, the OP is right as the translation.
And if we remember how Ethereum works in detail it is difficult to understand.
Maybe now is the time we would rather enjoy the results of the development of EThereum, rather than explore how EThereum works.
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Brother made a very nice post. I liked the post very much and learned a lot. Ethereum is based on the architecture of the blockchain of the Bitcoin protocol. Ethereum is used as state-based for blockchain transactions. Each of these transactions is connected to another block. These were well known before but I found out after reading this post so thank you.
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I don't know about ethereum work because I am a new boy in this forum. I think in this forum many senior brothers are discuss how to work ethereum.i waiting for all senior brothers reply.
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Thank you so much brother for sharing such a beautiful topic with us. Honestly we didn’t know how this etherium works. As a new user of this cryptocurrency, I don't know how Etherium works. But I came to know and understand from this topic of yours. Thank you so much brother for creating such a beautiful topic. We hope you will spread the word by creating more valuable and useful topics later. We can learn a lot from that topic.Thank a lot all senior bro
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There are many coins in the cryptocurrency world. Among them I support Ethereum the most. The popularity of Etherium platform is increasing day by day. Many thanks to you for creating a very nice topic on how Etherium works. I have learned many new things from this post.
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Ethereum price is increasing but still very low compared to BTC but Eth's gas fee is too high for the time being. I think investing in the new Altcoin above should make it easier to dissipate BEP-20 or Tron because the gas cost of other companies is almost = 0
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Ethereum is based on the Bitcoin protocol and the architecture of its blockchain. The Ethereum blockchain can be used as a state-based system for transactions. Its working can be briefly described in detail as follows:
Step 1: Each Ethereum state is composed of millions of transactions.
Step 2: These transactions are grouped together in the form of blocks linked to other blocks.
Step 3: But it needs to be checked via a method known as mining before the transaction is applied to the ledger.
Step 4: A lot of miners are competing with each other to shape a block.
Step 5: Once a block is formed by the miner Ether tokens are generated and given to the miner
Most of the new projects are now using ETH as their mastery, but with the current high gas fees, investors become frustrated and leave Ethereum
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Thank you so much I didn't know how Etherium works and what is done with this Etherium but after reading this valuable post of yours I learned a lot and hopefully many of the members like me will get help from one of you.
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Finally ethereum works in a good place because as of now the ethereum will soon to higher prices in the market because of the unite of the crypytocurrencies and investors workmanship .
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Ethereum is a virtual currency. All of us who work in currency in this case know about it. However, many people have no idea how these virtual currencies work You have created a very nice topic and explained in a very nice way how Ethereum works. Thank you so much for the beautiful and informative post.
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Finally ethereum works in a good place because as of now the ethereum will soon to higher prices in the market because of the unite of the crypytocurrencies and investors workmanship .
For me Ethereum coin is already in high price approaching the $2,000. Not difficult anymore to hit that price as we can see the price is already there. Very close to hit $2000 in just few dollars more maybe tomorrow $2k will reach. If you have Ethereum much better to hold strongly.
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Etherium cryptocurrency has advanced technology. Different cryptocurrencies can be created from here. It's just ether's There are advanced quality technologies.By working on the technology of this etherium there the investor gets better opportunities and can work better.Everything that is done with ether is done with the help of advanced technology.
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Ethereum is based on the Bitcoin protocol and the architecture of its blockchain. The Ethereum blockchain can be used as a state-based system for transactions. Its working can be briefly described in detail as follows:
Step 1: Each Ethereum state is composed of millions of transactions.
Step 2: These transactions are grouped together in the form of blocks linked to other blocks.
Step 3: But it needs to be checked via a method known as mining before the transaction is applied to the ledger.
Step 4: A lot of miners are competing with each other to shape a block.
Step 5: Once a block is formed by the miner Ether tokens are generated and given to the miner
Thank you brother you have created a beautiful topic. Thank you for your knowledge on this topic
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Nowadays it has come a long way because investors have come a long way by working on Etherium coins. There is a huge demand for Etherium coins in the cryptocurrency which is why Etherium coins are on the rise.
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Broadly speaking, the OP is right as the translation.
And if we remember how Ethereum works in detail it is difficult to understand.
Maybe now is the time we would rather enjoy the results of the development of EThereum, rather than explore how EThereum works.
I agree with you. Because We will just enjoy good results. How Etherium works. Thank you for being so brave and beautifully arranged. Everyone can present it so easily and beautifully Nor is Etherium a good platform whose position is second in cryptocurrency. Etherium's future is improving day by day.
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Ethereum is a digital currency that has no form in reality. However, there is a huge demand for it worldwide. People use this etherium for different needs.But I think the information you shared is very important.There are many people in the forum who still do not know what itharium is and how itharium works. Hopefully they will get an idea about Ethereum by reading your post.
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Etherium is the second most popular platform among cryptocurrencies. Everyone involved in cryptocurrency has to work through the Etherium platform. The popularity of the Etherium platform is second only to Bitcoin. The only problem now is the transaction fees. You will actually solve all the problems of Etherium.