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#80: Ethereum: a distributed virtual machine for exchanging money and bored apes
Ethereum is a network of computers with no central trusted authority.
They achieve consensus by running computation-intensive algorithm, known
as proof-of-work. The agreed state is added to an append only ledger,
known as blockchain. Yes, Ethereum is yet another blockchain. And it’s
used to track transactions in a cryptocurrency, known as Ether. However,
unlike Bitcoin, it’s much more than a simple log. Bitcoin accounts
simply hold currency. Ethereum accounts can run programs as well.
Ethereum network is actually one, huge computer!
Read more: https://nurkiewicz.com/80
Get the new episode straight to your mailbox: https://nurkiewicz.com/newsletter
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By Tomasz NurkiewiczEthereum is a network of computers with no central trusted authority.
They achieve consensus by running computation-intensive algorithm, known
as proof-of-work. The agreed state is added to an append only ledger,
known as blockchain. Yes, Ethereum is yet another blockchain. And it’s
used to track transactions in a cryptocurrency, known as Ether. However,
unlike Bitcoin, it’s much more than a simple log. Bitcoin accounts
simply hold currency. Ethereum accounts can run programs as well.
Ethereum network is actually one, huge computer!
Read more: https://nurkiewicz.com/80
Get the new episode straight to your mailbox: https://nurkiewicz.com/newsletter