Ethereum beginners guide
Posted By : Shashwat Gupta | 11-Aug-2017
What is Ethereum ?
Ethereum is a blockchain technology based distributed computing platform which is open-source and public, It gives us a decentralized Turing-complete virtual machine and EVM(Ethereum Virtual Machine) which executes the scripts via an international network of public nodes. Ethereum provides a cryptocurrency which is called as "Ether", Ether can be transferred between accounts, there are resources which is allocated via 'internal transaction pricing mechanism' by mitigating spam
What is Ether ?
The token of the Ethereum blockchain is called 'ether'. It is listed under cryptocurrency exchanges. It provies a medium to pay for transaction fees on the Ethereum network.
Ethereum Virtual Machine ?
It is the runtime environment for smart contracts in Ethereum.all Ethereum node runs an EVM implementation in the network. Ethereum Virtual Machines build in C++, Go, Haskell, Java, Python, Ruby.
what are Smart Contracts ?
Smart contracts is a conflict-free way which provides a way to exchange-money, shares & properties or anything of value in a transparent manner while avoiding the services of a third person.
Clients and wallets
- Geth — Client implementation in Go
- Jaxx — Web wallet
- KeepKey — Hardware wallet
- Ledger Nano S — Hardware wallet
- Mist — Desktop wallet
- Parity — Client implementation in Rust
Shashwat is a bright Mean Stack Developer . He has good experience in development of complex UI's of web application and hybrid mobile applications.