Here is an article on how to explain Ethereum to someone:
Ethereum: a simple explanation of the most advanced blockchain in the world
Bitcoin Ethereum are two popular cryptocurrencies, but those who do not understand the blockchain often misunderstand them. In this article, we break down what Etherum is and because it is an integral part of the world of cryptocurrencies.
What is the blockchain?
Blockchain is a diversified and digital main book that records all events on a computer network. It allows different parts to control the property and history of the property, guaranteeing their integrity and safety. Think like a transparent, safe and thumb digital accounting system.
Ethereum: intelligent contractual platform
Ethereum is an Open Source blockchain platform that allows the creation of intelligent contracts to the rules and terms of the code. These contracts can automate complex processes, manage funds and even create decentralized applications (DAP).
Imagine a digital market in which users can buy, sell and shop, similar to Amazon or Google. This is what Ethereum allows it by using its block chain as the underlying infrastructure.
Main features of Ethereum
* Distributed : no central authority controls the network; All power lives in the community.
* Open Source : Anyone can check and participate in the code.
* Intelligent contracts : do not implement contracts that automate complex processes.
* Gas brands : used for transaction commissions, similar to transactions by credit card.
Why is Ethereum important?
The intelligent contractual platform of Ethereum has revolutionized the way we think of decentralized applications. Its use cases are:
* Distributed funding (DIFI) : loan and marketing funds without mediators.
* Playing : Creation of Blockchain -based heart games.
* Management of the supply chain : follow and check the property of the goods.
In summary, Ethereum is an effective platform that allows the creation of intelligent contracts, decentralized applications and new uses. The nature, transparency and safety of its open source make it an integral part of the cryptocurrency ecosystem. By understanding Ethereum, you are better equipped to navigate the world of blockchain and its many opportunities.
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