What Is Ethereum?
Intruction Ethereum is a decentralized computing platform. Through Ethereum, a centralized server will be replaced by nodes run by thousands of volunteers around the world, which is fully decentralized. It is an open-source, public platform based on blockchain technology, which allows users to build and deploys decentralized applications on the platform using smart contracts. Through its proprietary cryptocurrency, Ether, the Ethereum network provides decentralized virtual machines (Ethereum Virtual Machine) to handle peer-to-peer contracts. Ethereum was first proposed in late 2013 and then brought to life in 2014 by Vitalik Buterin, who at the time was the co-founder of Bitcoin Magazine. Inspired by Bitcoin, Vitalik Buterin proposed to build a "next-generation cryptocurrency and decentralized application platform" and developed it through Initial Coin Offering. He aims to find out whether blockchain technology has other effective uses beyond Bitcoin's design limitations....