How does Ethereum work?

[Crypto_Somrat]

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

[EthereumDev_]

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.

[Blaze]

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.

[Magepai]

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.

[MrSpasybo]

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

[IvugeoEvolutionCoin]

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.

[Legion]

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.

[IyemRoker]

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.

[Monster5]

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.

[Trumpet]

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.

[Herry]

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

[Cristiano]

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.

[gqinyot]

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

[Emircan]

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

[NANCY]

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.