Ethereum

in ethereum •  4 years ago 

Content

There is no doubt that Ethereum is the leader of the smart contract platform. The main figure behind Ethereum is Vitalik Buterin. Buterin is fascinated by Bitcoin, but he realizes that blockchain technology has more uses than just being a facilitator of payment protocols. He realized that blockchain technology could be used to create decentralized applications. So he was inspired to create Ethereum.

Like Bitcoin, Ethereum is a cryptocurrency, however, there are some similarities in this place. Because although Bitcoin is a "first-generation" blockchain, Ethereum broke the ground by becoming the first second-generation blockchain ever. Ethereum has completely changed the crypto world by introducing smart contracts on the blockchain.

Smart contracts were first conceptualized by Nick Szabo. The idea is very simple. There is a set of automatic execution instructions between the two parties, which does not need to be supervised or executed by a third party. The idea seems simple, right? However, smart contracts enable Ethereum to create an environment where developers from all over the world can create their own decentralized applications, namely Dapps.

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