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In addition, the database is visible to everyone, so users can audit code before interacting with it. They’re added to Ethereum’s database (i.e., the blockchain ), and can be programmed so that the code can’t be edited. As such, programs can’t be tampered with by external parties. We touched on the idea that Ethereum can run code across a distributed system. Ethereum is the protocol itself, but the currency that powers it is simply known as ether (or ETH). It might be unintuitive, but the units used in Ethereum are not called Ethereum or Ethereums. This means that, in theory, these applications can’t be shut down or censored. Simply put, the main idea behind Ethereum is that developers can create and launch code which runs across a distributed network instead of existing on a centralized server. Because it’s so flexible, all sorts of sophisticated programs can be launched on Ethereum. However, it’s capable of a lot more – you can deploy your own code, and interact with applications created by other users. Instead, it simultaneously runs on thousands of machines around the world, meaning that it has no owner.Įthereum, like Bitcoin and other cryptocurrencies, allows you to transfer digital money. You can think of it like a laptop or PC, but it doesn't run on a single device. What was The DAO and what is Ethereum Classic?Įthereum is a decentralized computing platform. What’s the difference between Ethereum and ether (ETH)?Įthereum vs. Scalability, ETH 2.0 and the Future of EthereumĮthereum and Decentralized Finance (DeFi)

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