By 2015, the Ethereum network was live and processing transactions.įast-forward to today, and Ethereum has become the most widely used smart-contract network amongst all blockchain networks. Vitalik Buterin - the Ethereum project’s best-known founder - published the Ethereum white paper in November of 2013, describing the soon-to-be network and how it would function. Some refer to Ethereum as the World’s Computer. It’s decentralized because the transactions the Ethereum network saves to the blockchain are validated and mirrored by thousands of computers around the world. Think of the Ethereum network as an operating system on the internet that can run programs. It’s like a bank statement, but for crypto - and it’s always up-to-date.Įach “block” in the “chain” contains transactions and data, and just like real chains, they’re linked. Blockchains are like a tally sheet that tracks who has what, where it came from, and where it went.
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