Ethereum


Ethereum is a global, open-source platform for decentralized applications. In other words, the vision is to create a world computer that anyone can build applications in a decentralized manner; while all states and data are distributed and publicly accessible. Ethereum supports smart contracts in which developers can write code in order to program digital value. Examples of decentralized apps (dapps) that are built on Ethereum includes tokens, non-fungible tokens, decentralized finance apps, lending protocol, decentralized exchanges, and much more. On Ethereum, all transactions and smart contract executions require a small fee to be paid. This fee is called Gas. In technical terms, Gas refers to the unit of measure on the amount of computational effort required to execute an operation or a smart contract. The more complex the execution operation is, the more gas is required to fulfill that operation. Gas fees are paid entirely in Ether (ETH), which is the native coin of the blockchain. The price of gas can fluctuate from time to time depending on the network demand.

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More / Etherum Reddit - 3 years ago

The Ethereum FUDBuster - An Attempt 1

Hey everyone, so I decided to take some time to address some of the common FUD that has been thrown into this subreddit with hopes it may help some newbies into ETH to at least understand the whole context to the FUD that is used usually by Bitcoin M...

More / Etherum Reddit - 3 years ago

I think Ethereum has become an elitist blockchain

PS: I'm not here to shill any coin. But unless drastic changes take place soon, I consider Ethereum to have failed in this regard despite being the smart contract leader for so long. This is mainly due to high and ridiculous fees. It has somewhat...