Ethereum is an open-source, public blockchain platform that allows developers to build decentralized applications (DApps) and smart contracts. It features its own cryptocurrency called Ether that fuels the network and is used by developers to pay for transaction fees and services on the Ethereum network. Ethereum enables a new type of application called a decentralized autonomous organization (DAO) that is owned by everyone who purchases tokens, with tokens acting as contributions that give people voting rights rather than equity shares.
2. ETHEREUM IS AN OPEN-
SOURCE, PUBLIC,
BLOCKCHAIN-BASED
DISTRIBUTED COMPUTING
PL ATFORM FEATURING SMART
CONTRACT FUNCTIONALIT Y.
M E A N I N G
3. A C C O R D I N G T O T H E
L AT E S T N E W S
1 E T H E R E U M = 3 6 8 0 4 8 . 0 0
L AT E S T N E W S - I N D I A N C U R R E N C Y
4. A T I T S S I M P L E S T, E T H E R E U M
I S A N O P E N S O F T W A R E
P L A T F O R M B A S E D O N
B L O C K C H A I N T E C H N O L O G Y
T H A T E N A B L E S D E V E L O P E R S T O
B U I L D A N D D E P L O Y
D E C E N T R A L I Z E D
A P P L I C A T I O N S .
W H AT I T I S
5. I N T H E E T H E R E U M
B L O C KC H A I N , I N S T E A D
O F M I N I N G F O R B I T C O I N ,
M I N E R S W O R K T O E A R N
E T H E R , A T Y P E O F
C R Y P T O T O K E N T H AT
F U E L S T H E N E T W O R K .
W H AT I T I S
6. E T H E R E U M E N A B L E S
D E V E L O P E R S T O B U I L D A N D
D E P L O Y D E C E N T R A L I Z E D
A P P L I C A T I O N S .
A D E C E N T R A L I Z E D
A P P L I C A T I O N O R D A P P S E R V E
S O M E P A R T I C U L A R P U R P O S E
T O I T S U S E R S .
H E L P F U L TO
7.
8. B E Y O N D A
T R A D E A B L E C R Y P T O C U R R E N C Y,
E T H E R I S A L S O U S E D B Y
A P P L I C AT I O N D E V E L O P E R S T O
P AY F O R T R A N S A C T I O N F E E S
A N D S E R V I C E S O N T H E
E T H E R E U M N E T W O R K .
H O W I T I S U S E D
9. I T I S J U S T A P H R A S E U S E D T O
D E S C R I B E C O M P U T E R C O D E T H A T C A N
F A C I L I T A T E T H E E X C H A N G E O F M O N E Y ,
C O N T E N T , P R O P E R T Y , S H A R E S , O R
A N Y T H I N G O F V A L U E . W H E N R U N N I N G
O N T H E B L O C K C H A I N A S M A R T
C O N T R A C T B E C O M E S L I K E A S E L F -
O P E R A T I N G C O M P U T E R P R O G R A M T H A T
A U T O M A T I C A L L Y E X E C U T E S W H E N
S P E C I F I C C O N D I T I O N S A R E M E T .
S M A R T C O N T R A C T
10. E T H E R E U M I S D I F F E R E N T . R A T H E R
T H A N G I V I N G A S E T O F L I M I T E D
O P E R A T I O N S , E T H E R E U M A L L O W S
D E V E L O P E R S T O C R E A T E W H A T E V E R
O P E R A T I O N S T H E Y W A N T . T H I S
M E A N S D E V E L O P E R S C A N B U I L D
T H O U S A N D S O F D I F F E R E N T
A P P L I C A T I O N S T H A T G O W A Y
B E Y O N D A N Y T H I N G W E H A V E S E E N
B E F O R E .
H O W I T I S D I F F E R E N T
11. B E F O R E T H E C R E A T I O N O F
E T H E R E U M , B L O C K C H A I N
A P P L I C A T I O N S W E R E D E S I G N E D T O
D O A V E R Y L I M I T E D S E T O F
O P E R A T I O N S . B I T C O I N A N D
O T H E R C R Y P T O C U R R E N C I E S , F O R
E X A M P L E , W E R E D E V E L O P E D
E X C L U S I V E L Y T O O P E R A T E A S P E E R -
T O - P E E R D I G I T A L C U R R E N C I E S .
E T H E R E U M V I R T U A L M A C H I N E
12. A D A O I S O W N E D B Y E V E R Y O N E
W H O P U R C H A S E S T O K E N S , B U T
I N S T E A D O F E A C H T O K E N
E Q U AT I N G T O E Q U I T Y S H A R E S
& O W N E R S H I P, T O K E N S A C T A S
C O N T R I B U T I O N S T H AT G I V E
P E O P L E V O T I N G R I G H T S .
D E C E N T R A L I Z E D A U TO N O M O U S
O R G A N I Z AT I O N ( D A O )
13. 1 . A T H I R D P A R T Y C A N N O T M A K E A N Y
C H A N G E S T O D A T A .
2 . A P P S A R E B A S E D O N A N E T W O R K
F O R M E D A R O U N D T H E P R I N C I P L E O F
C O N S E N S U S , M A K I N G C E N S O R S H I P
I M P O S S I B L E .
B E N E F I T S
14. 3 . W I T H N O C E N T R A L P O I N T O F
F A I L U R E A N D S E C U R E D U S I N G
C R Y P T O G R A P H Y , A P P L I C A T I O N S
A R E W E L L P R O T E C T E D A G A I N S T
H A C K I N G A T T A C K S A N D
F R A U D U L E N T A C T I V I T I E S .
4 . A P P S N E V E R G O D O W N A N D
C A N N E V E R B E S W I T C H E D O F F .
B E N E F I T S
15. D E S P I T E B R I N G I N G A N U M B E R O F
B E N E F I T S , D E C E N T R A L I Z E D
A P P L I C A T I O N S A R E N ’ T
F A U LT L E S S . B E C A U S E S M A R T
C O N T R A C T C O D E I S W R I T T E N B Y
H U M A N S , S M A R T C O N T R A C T S A R E
O N L Y A S G O O D A S T H E P E O P L E
W H O W R I T E T H E M .
L I M I TAT I O N