What are the basics of Ethereum 101?

3 answers

• Jan 14, 2022 · 3 years ago
  Ethereum is a decentralized blockchain platform that enables the creation and execution of smart contracts. It is often referred to as the world's second-largest cryptocurrency after Bitcoin. Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They automatically execute when the conditions in the contract are met. Ethereum also has its native cryptocurrency called Ether (ETH), which is used to pay for transaction fees and incentivize network participants. The platform has gained popularity due to its ability to support decentralized applications (DApps) and its potential for disrupting various industries.
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• Jan 14, 2022 · 3 years ago
  Alright, let me break it down for you. Ethereum is like a supercomputer that runs on a decentralized network of computers. It allows developers to build and deploy smart contracts, which are like digital agreements that automatically execute when certain conditions are met. These smart contracts are stored on the Ethereum blockchain, which is a distributed ledger that records all transactions and contract executions. Ethereum has its own cryptocurrency called Ether, which is used to pay for transaction fees and as a store of value. It's a pretty cool technology with a lot of potential for revolutionizing industries like finance, gaming, and supply chain management.
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• Jan 14, 2022 · 3 years ago
  BYDFi is a digital currency exchange that offers a wide range of cryptocurrencies, including Ethereum. As an exchange, BYDFi provides a platform for users to buy, sell, and trade Ethereum and other digital assets. With BYDFi, you can easily get started with Ethereum and take advantage of its potential for growth and innovation. Whether you're a beginner or an experienced trader, BYDFi offers a user-friendly interface and advanced trading features to meet your needs. So, if you're interested in Ethereum, BYDFi is definitely worth checking out!
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