Category: 4. What is Ethereum’s architecture?
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What are the opportunities to build within Ethereum?
The genius of Vitalik Buterin was recognising that for a trustless cryptocurrency ecosystem to grow it needed a common language and a common set of economic standards. By providing this Ethereum does all the heavy lifting for supporting creators of digital applications, you just have to come up with a problem that will benefit from…
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5. Smart Contracts, dApps & Gas
Smart Contracts are written in a programming language specific to Ethereum, called Solidity, which for anyone with a programming background (especially Javascript) shouldn’t present a huge challenge to learn. Smart Contracts are stored within the EVM, with their latest state reflected in the most recent block in the Ethereum blockchain. A few lines of code…
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Ethereum’s Architecture
Overview of Ethereum The EVM – Ethereum Virtual Machine The Ethereum blockchain & consensus method ETH & its Tokenomics Smart Contracts, Gas & dApps Nodes Clients & Networks Accounts & Transactions 1. Overview of Ethereum Ethereum is a distributed computing network that rents out its processing power through something called the Ethereum Virtual Machine (often…
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What is Ethereum’s architecture?
What you’ll learn: What Ethereum does An overview of its architecture An outline of the core Ethereum components Some of things you can build on Ethereum What is Ethereum? 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…