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Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: Crestie C. Tuvilla on May 23, 2018, 08:13:52 AM

Title: How Ethereum Works
Post by: Crestie C. Tuvilla on May 23, 2018, 08:13:52 AM

Now that we've covered what ethereum is, let's dive deeper into how the platform functions under the hood.

Consider the online notebook application described in "What is Ethereum?"

Using ethereum, the app doesn't require one entity to store and control its data. To accomplish this, ethereum borrows heavily from bitcoin's protocol and its blockchain design, but tweaks it to support applications beyond money.

Ethereum aims to abstract away bitcoin's design, however, so that developers can create applications or agreements that have additional steps, new rules of ownership, alternative transaction formats or different ways to transfer state.

The goal of ethereum's 'Turing-complete' programming language is to allow developers to write more programs in which blockchain transactions could govern and automate specific outcomes.

This flexibility is perhaps ethereum's primary innovation, as explained in the guide "How Ethereum Smart Contracts Work".

Title: Re: How Ethereum Works
Post by: Ransow on August 09, 2018, 12:33:36 PM

 Ethereum working basically Bitcoin technology .Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capability.The Ethereum blockchain focuses on running the programming code of any decentralized application.

Title: Re: How Ethereum Works
Post by: rapheal on August 10, 2018, 06:21:50 AM

Ethereum used the same block chain technology to create smart contracts.Ethereum is a decentralized platform that runs smartcontrast.Ethereum isn't about transactions per session it was created to power smartcontrast.

Title: Re: How Ethereum Works
Post by: micjoh on August 14, 2018, 11:59:39 AM

Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized . decentralized applications are made up of code that runs on a blockchain network.

Title: Re: How Ethereum Works
Post by: Stgeorge on August 31, 2018, 09:18:16 AM

Ethereum is a decentralized platform that runs smart contracts.The structure of the ethereum blockchain is very similar to bitcoin's in that is a shared record of the entire transaction history.