Ethereum : All About Ethereum

All About Ethereum


A developer platform that makes it easy to build decentralized applications. Applications build with Ethereum do not cover all use cases of course, but have specific properties that make them unique.
Ethereum applications always execute the code they say they will – there is no ‘security through obscurity’. I don’t need to ‘trust’ anything or anyone, because I can check the app code myself.
Ethereum applications are always available, and are guaranteed to be available in the future. There is no downtime.
Ethereum applications are resistant to many attacks including denial of service (DDoS), which are rendered moot.

EthereumHistorically, building decentralized applications required a complex background in cryptography, mathematics, etc. Ethereum simplifies all this by making it accessible to web developers.

There are many use cases of course, but my favourite is that we can now create apps that are accessible to everyone, without restriction, providing services which are currently owned by the Googles and Facebooks of this world. Identity, reputation, payment processing, online communications, etc: all these services can now fall back into the public domain.

In short

Ethereum is a re-application of the techniques of bitcoin but uses short code segments instead of amounts so that someone can transfer code that does something to someone else.  Moving the code allows committing to conditional payoffs.  I could send you the amount by which the value of those bitcoins dropped since we agreed on a sale.  That would hedge your risk of the price dropping.  The concept opens up a wide range of risk taking/risk avoidance deals that could be handled electronically.  In addition, IBM appears to be working with Ethereum as a means for allowing clients (things actually) on the Internet of Things to place orders for new supplies when they are needed (and pay for them.)


What is Ethereum?Where to start?Where to Earn Ether?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
Ethereum is how the Internet was supposed to work.
Ethereum was crowdfunded during August 2014 by fans all around the world. It is developed by ETHDEV with contributions from great minds across the globe.
The unit of Currency is called the ether.”
“Ethereum let’s you run programs that can’t be hacked.”
“Ethereum let’s you have websites that are owned by their users.”
“Ethereum let’s you make deals without a risk of getting screwed over.”

Ethereum Ecosystem

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