All About Ethereum BlockChain

So What is Ethereum BlockChain:

Ethereum is blockchain based distributed computing platform that enables development to build and deploy their decentralized application. And the participate are work as decision makers in it.

Features of Ethereum BlockChain:

1.Cryptocurrency:

Ether is a cryptocurrency that runs on Ethereum Network. It is the kind of fuel that runs the network, which allows us to pay for computational power used and allows us to transact easily.

Following Site will help you analyse price of Ether

2. Smart contract

A Smart contract is a computer program that facilitates the exchange of money,shares,property etc. It can be created by anyone and primarily contains the terms and condition of mutually agreed contact between the peers.Once it is executed it cannot be altered. For the verification process, smart contact is carried out among anonymous parties of the network without the need of central authority.

3.Ethereum virtual machine

Ethereum virtual machine, or EVM for short, is a blockchain-based software platform. It allows developers to create decentralized applications (DApps) Programmers value them for having no downtimes and keeping all created objects safe from modifying.You don’t need extensive coding background to use EVM. It also eliminates the need for powerful hardware, making it perfect for a beginner.

Now what is difference between Bitcoin and Ethereum:

Bitcoin has proved itself as Well-known cryptocurrency but Ethereum is no way lagging behind and has many different functions. Bitcoin simply enables peer to peer transactions, on other hand Ethereum not only enables peer to peer transitions but also provides users to create and execute smart contracts. on Blockchain. They also differ in terms of Rewards, in bitcoin it’s 12.5 BTC per block as in Ethereum it’s 3 Ether.

But the most important thing is,In Bitcoin the average block time is about 10 minutes as in Ethereum it is only 12–15 Seconds. Also bitcoin uses SHA-256 as there hashing algorithm as in Ethereum Ethash is used along with more cryptography

This step by step guide will help you to understand Ethereum

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