Understanding the Ethereum Whitepaper
Key Features and Capabilities of the Ethereum Blockchain
Charlie Meaden
Last Update há um ano
The Ethereum whitepaper is a document written by Vitalik Buterin that outlines the key features and capabilities of the Ethereum blockchain. Ethereum is a decentralised platform that allows for the creation and execution of smart contracts, which are self-executing agreements that are programmed into the blockchain.
One of the key innovations of Ethereum is the use of a virtual machine, called the Ethereum Virtual Machine (EVM), which allows for the creation and execution of smart contracts. The EVM is a global, decentralised computer that can be used to run applications and execute transactions on the Ethereum network.
Another key feature of Ethereum is the use of tokens, which are digital assets that can be used to represent value on the network. For example, a company could issue a token to represent ownership in the company, or a network could use tokens to incentivise certain behaviours.
Overall, the Ethereum whitepaper provides a detailed description of the features and capabilities of the Ethereum platform and how it can be used to build decentralised applications and execute smart contracts. It is a key document for anyone interested in learning more about Ethereum and its potential as a transformative technology.