By Dahiza Umar
What is ETHEREUM?
Ethereum is an open source, public, distributed software-based machine and operating system that features smart contract management. The amended version of the Nakamoto agreement will be supported through state-sponsored exchanges.
The time of cryptocurrency and the time when I was out of numbers. For example, ever since I joined bitcoin to the global market as a currency that has been trapped in the news, it has been a cryptocurrency that comes with making decisions.
How did classic Ethereum come about and what can we learn from it?
Not long after Bitcoin, the next blockchain platform was Ethereum. Unlike Bitcoin as a costly platform, Ethereum emerged as a platform that drives its currency, Ether. It is a foundation for “smart contract” and peer to peer application development.
Ethereum supports Turing native language, which means that public enrollment must be done on the console. In addition, the various features that I can use in my computer should also run on the Ethereum platform. Working on Ethereum worked on Ethereum, which is called ether.
Ether is a cryptocurrency generated by the Ethereum platform in honor of mining nodes for calculations performed and is the only currency accepted in payment of transaction fees.
Ethereum was first described in a white paper published in late 2013 by a researcher from the University of Waterloo. The flagship, which runs between July and August 2014, sells for 7.4 million euros for 3700 BTC in the first 12 hours of sale! This is a great achievement by many standards.
At the time, this was estimated at 2.3 million USD, or within the Bugatti area, around 1.2 Veyron. Ethereum blockchain released on 30 July 2015, and in May 2016, the value of the Ethereum token for $ 1 billion
But can anything affect the money started from the potential that could lead to its fragmentation?
The idea of the Independent Power Management Agency (DAO) is at the moment. It’s finally becoming popular. What’s the whole point? Keep in mind that desktops allow applications to be developed. In fact, the DAO is based on the Ethereum blockchain that creates distributed governance.
The ‘’DAO” is an independent business that acts as a designated Business Insider, allowing its clients to make decisions and distribute money between startup companies. stealing $ 120 million worth of euros from the DAO’s smart contract. decided to change their positions on their networks without forgetting all the work from the change, but one small group said not to stop doing so with confidence. “The rule is the law.” the story that breaks history is a schism called Ethereum.