What is Ethereum blockchain?

Initially released in 2015, Ethereum Blockchain is an open-source, blockchain-based, decentralized platform. Since its initial release, Ethereum has achieved several milestones. One of the recent big achievements of the platform is the partnership between Microsoft and ConsenSys.

What are smart contracts on Ethereum blockchain?

Smart contracts on the Ethereum Blockchain platform are fueled by gas. Whenever a smart contract is executed on the platform, a small amount of gas is transferred to the miners. Ethereum Blockchain’s smart contracts have multiple applications, such as banking, real estate, voting, and construction.

What is Ethereum and how does it work?

Ethereum is a decentralized blockchain platform that establishes a peer-to-peer network that securely executes and verifies application code, called smart contracts. Smart contracts allow participants to transact with each other without a trusted central authority.

What is the difference between Bitcoin and Ethereum?

Ethereum is a blockchain-based platform best known for its cryptocurrency, ether (ETH). The blockchain technology that powers Ethereum enables secure digital ledgers to be publicly created and maintained. Bitcoin and Ethereum have many similarities but different long-term visions and limitations.