A Beginner’s Guide to Ethereum [INFOGRAPHIC]

May 23, 2018 9:13:00 AM

Ethereum

Building Blockchain applications requires prowess in cryptography, coding, mathematics, and significant resources. However, with Ethereum, such complex requisites for Blockchain application development can be turned down with tools that Ethereum brings along to build and deploy decentralized applications.

Ethereum is an open-source, distributed computing platform and Operating System, based on Blockchain technology. Very similar to Bitcoin, Ethereum is a distributed, public Blockchain network. However, they differ in technicalities and scope.

Bitcoin offers peer-to-peer digital cash exchange system that enable users to make online payments through cryptocurrency. Here, the Blockchain technology helps to keep a track of currency ownership. On the other hand, Ethereum is developed as a platform that enable P2P applications and contracts through its own currency, Ether, which fuels the network.

This infographic shared below shares the Ethereum timeline, its evolution over the time, its use cases, and some of the popular applications that are built using the platform.

what is ethereum

Topics: Blockchain

Archna Oberoi

Written by Archna Oberoi

Content strategist by profession and blogger by passion, Archna is avid about updating herself with the freshest dose of technology and sharing them with the readers. Stay tuned here as she brings some trending stories from the tech-territory of mobile and web.