What is Ethereum?
Today’s class, brought to you by Thedapplist is focused on the Ethereum blockchain. Let’s learn what Ethereum is.
Ethereum is a blockchain platform with its own cryptocurrency, Ether (ETH), and programming language, Solidity. As a blockchain network, Ethereum is a decentralized public ledger that is used for transaction verification and recording. Users of the network may create, publish, monetize, and use apps on the platform, as well as pay using the Ether cryptocurrency. Decentralized apps on the network are referred to as “dApps” by insiders
Ethereum 2.0 (ETH2)
Ethereum 2.0 (ETH2), commonly known as Eth2 or “Serenity,” is a blockchain update. The upgrade seeks to improve the Ethereum network’s speed, efficiency, and scalability, allowing it to handle more transactions and alleviate bottlenecks. Ethereum’s existing mining process will be replaced by a staking model as part of this update.
Ethereum 2.0 will provide a slew of new features that are sure to entice even more developers to join the network. The three major enhancements are as follows:
- Increased scalability
- Increased security
- Increased sustainability
How does Ethereum work?
Ethereum, like all cryptocurrencies, is built on a blockchain network.
It is distributed in the sense that everyone on the Ethereum network has an identical copy of the ledger, allowing them to observe all previous transactions. It is monitored by all distributed ledger holders.
Visit Thedapplist blog for detailed information about Ethereum blockchain #LearnWeb3
About Thedapplist
The Dapp List is a multi-chain ecosystem for curating Web3 adoption. It offers a community-governed platform that strives to increase adoption of the Web3 ecosystem and bridge the gap between Web2 and Web3 users.
