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What is Ethereum? The ULTIMATE Research-Backed ETH Guide

What is Ethereum? The ULTIMATE Research-Backed ETH Guide

There are many different strands to this project and getting your head around it all can be quite the challenge. That’s why we have put together this comprehensive guide for those of you wondering “What is Ethereum?” and “How does Ethereum Work?”

As the harbinger of the second generation of blockchains and home to the second largest digital currency in the world, Ether (ETH), the Ethereum project has started a new era of blockchain development that enables a global community of developers to unleash their creativity in the space.

The ability to craft smart contracts gave developers a chance to think about new use cases for blockchain technology that previously remained largely connected to cryptocurrencies.

Till date, Ethereum-based ERC20 tokens have been the most popular means for launching Initial Coin Offerings.

Of course, Ethereum is still in development and has faced some hurdles. It has faced problems related to scalability, which was highlighted when the popular game dedicated to internet-bred cats called CryptoKitties managed to clog its network in December 2017.

However, with a unique concept, upcoming developments, a strong developer community and the first-mover advantage (second only to the mighty Bitcoin), Ethereum is one blockchain project that continues to remain at the forefront of DLT and crypto development.

Original linki: https://blokt.com/guides/ethereum-guides/what-is-ethereum-eth

  • 2019-02-26