Traditional Culture Encyclopedia - Traditional culture - Can you explain the Ethereum in a popular way?
Can you explain the Ethereum in a popular way?
Ethereum is actually not money, but a decentralized intelligent protocol. Can be understood as a huge global ledger. The logic of this intelligent protocol does not need a specific server to support its daily operation, but the automatic executors among scattered users give the terms of the protocol before entering. This is an application that evolved from decentralization.
Comparing with Bitcoin, we can find that Ethereum has established a new encryption technology, and its program development is more difficult than Bitcoin. This breakthrough has greatly reduced the development cost and time of developers applying blockchain technology. The emergence of Ethereum once again reiterated the necessity of decentralization and centralization, the feasibility and advantages of decentralized distributed applications, which gave a new development direction to the existing economic market and financial circles and threw a new entrepreneurial idea and opportunity to the society.
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