Here is an article about how to explainly explain Ethereum to someone:
Ethereum: Simply explaining the most advanced blockchain in the world
Bitcoin and Ethereum are popular cryptocurrencies, and they are excluded by those who do not understand blockchain technology. In this article we will break what is Ethereum and we are the most important participant.
What is blockchain?
Blockchain is a decentralized digital leader that records all transactions on the web. It is versatile to verify the donor and assessment history, ensuring their honesty and security. Think about the digital Boxping system, which is transparent, sexual and manipulation.
Etherum: The Smart Contract Placeform
Ethereum is a platform with open-level blockchain, which creates intelligent contracts-a cluster of projection contracts and writing conditions in the code. Theater agreements can automate the complex, manage assets and even applications for the dead.
Imagine the digital market where the esters could buy, cells and tokens trade, just like Amazon or Google. This is exactly what Ethereum allows, using your blockchain as a basic infrastructure.
Because the features of Ethereum *
* Decentralized : Not all power is in the composition.
* Open-Sorce : Everyone can experience and contribute to the code.
* Intelligent contracts : Self -control contracts that are automated in processes.
or tokens
: used for harm fees, similar to Cred card transactions.
Is Ethereum important?
Ethereum’s intelligent contract has been revolutionized like My Dolkies. Its use of use includes:
* Decentralized finances (DEFI) : Loans, excessive and trade in rating without intermediaries.
* Gaming
: Crossing with addictive, games based on blockchain.
* supply chain management : tracking and verification to do goods.
In Summa, Ethereum is a powerful platform that will be a crease of intelligent contracts, decentralized applications and new cases of use. His character, transparency and safety of Open Source make it the most important participant. Understanding Ethereum, better prepared for navigation around the world from blockchain and its many possibilities.