Category: 1. What is Ethereum

In its current form, Ethereum cannot compete with Fiat systems such as VISA. Here we come to the advent of ETH 2.0 or Ethereum 2.0.  Eth2 refers to a series of upgrades to the Ethereum platform that are currently being worked on. The three main objectives of these upgrades are increased scalability, security and sustainability.…

The most significant limitation of Ethereum – like with Bitcoin – is its scalability, which, as with Bitcoin, is hard to achieve without sacrificing  decentralisation or security,  Fiat currency achieves security and scalability but sacrifices decentralisation to do so. In contrast, Bitcoin achieves decentralisation and security but sacrifices scalability to do so. At the moment…

Since 2013, many decentralised applications have been built on Ethereum. The surrounding Ethereum ecosystem has grown to a market cap of over $140 billion. Famous decentralised applications include digital art marketplace Foundation and browsers such as Brave that let you earn cryptocurrency from browsing the internet.  More recently, Ethereum has powered the explosion of the…

So how does Ethereum achieve these objectives? Ethereum was designed as a blockchain with a built-in ‘Turing complete’ programming language – called Solidity – that can be used to create smart contracts. All that ‘Turing complete’ means is that Solidity is a programming language capable of programming for any hypothetical computation. Thus, in theory, any…

Ethereum is a blockchain-based system where anyone can build and securely deploy any digital service without going through a formal, centralised approval process – such as getting an App added to Apple’s App Store.  It is the brainchild of Vitalik Buterin, a Russian born computer programmer, who was an early Bitcoin advocate, but thought it…

What you’ll learn: The origins of Ethereum Ethereum’s unique characteristics & ecosystem Ethereum’s limitations The proposed transition to Proof of Stake