Ethereum is an open source distributed computing platform, also known as Blockchain 2.0
Ethereum is an open source distributed computing platform, also known as Blockchain 2.0. Different from Bitcoin, Ethereum is not only a digital currency, but also a blockchain platform with smart contract function.
Ethereum's smart contract is an automatically executed computer program that can be run on the Ethereum network. These smart contracts can be used to realize various functions, such as Electronic voting, smart property, and decentralized applications (DApps). Smart contracts can be written, deployed and executed on the Ethereum network by nodes on the network, and can ensure security and tamper resistance.
The built-in Cryptocurrency of Ethereum is Ether, which is the fuel to support Ethereum network. Ethereum is unique in that it allows developers to use Ethereum to pay transaction fees, and store smart contract codes and applications on the blockchain to achieve decentralized transactions and applications.
The Ethereum platform has a high degree of programmability, which enables Ethereum to be used to create more complex decentralized applications, such as Cryptocurrency exchange, Digital identity verification system and smart contract market. Ethereum platform also supports transactions of multiple Cryptocurrency, and has become the second digital currency after Bitcoin in market value.
In general, Ethereum is a distributed computing platform that supports smart contract functions and transactions of multiple Cryptocurrency. Ethereum's smart contract function makes it a powerful tool for creating various decentralized applications and digital financial transactions.
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