Ethereum (ETH) is a cryptocurrency and platform for creating decentralized online services on the blockchain. The work uses a certain database of smart contracts. The platform was also implemented as a single decentralized virtual machine. The concept of ether was proposed by the founder of the magazine “Bitcoin Magazine” By Vitaly Buterin at the end of 2013. The network itself was launched on July 30, 2015.
The principle of operation of Ethereum is as follows: in its state machine, all processes start from the "initial state". Such a state is an analog of the zero state in which the machine is located until any actions related to transactions begin to occur in its network. When such actions begin to occur, the initial state is replaced by the final state, and at any given time, the final state displays the current state of the ethereum.
Features of Ethereum:
Maximum protection. The main condition: authorization of users with the help of a cryptographic signature (but in the event that they are stored on special devices that are not connected to the Internet); Do not succumb to DDoS attacks; The history of each transaction is stored in the blockchain; The possibility of using smart contracts. Ethereum (ETH) is a cryptocurrency and platform for creating decentralized online services on the blockchain. The work uses a certain database of smart contracts. The platform was also implemented as a single decentralized virtual machine. The concept of ether was proposed by the founder of the magazine “Bitcoin Magazine” By Vitaly Buterin at the end of 2013. The network itself was launched on July 30, 2015.
The principle of operation of Ethereum is as follows: in its state machine, all processes start from the "initial state". Such a state is an analog of the zero state in which the machine is located until any actions related to transactions begin to occur in its network. When such actions begin to occur, the initial state is replaced by the final state, and at any given time, the final state displays the current state of the ethereum. Features of Ethereum:
Maximum protection.
The main condition: authorization of users with the help of a cryptographic signature (but in the event that they are stored on special devices that are not connected to the Internet).
Do not succumb to DDoS attacks.
The history of each transaction is stored in the blockchain.
The possibility of using smart contracts.
