Ethereum

Blockchain platform that allows you to create and execute smart contracts and dApps.

What is it? - Dummies

Ethereum is like a giant computer where anyone can create programs that work without intermediaries.

What is it? - PRO

Ethereum is a programmable public blockchain that supports Turing-complete smart contracts, allowing the construction of decentralized applications (DApps) and decentralized finance (DeFi).

Key points

  • He introduced smart contracts.
  • It used Proof of Work, it migrated to Proof of Stake (Ethereum 2.0).
  • Solidity language for development.
  • Sales and disadvantages

  • Advantages:
    • Flexibility and robust ecosystem.
    • Extensive community and support.
    • Continuous innovation with updates.
  • Disadvantages:
    • High gas costs in congestion.
    • Competition with other blockchains.
  • Related Concepts

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