Monday, November 12, 2018

How Ethereum Works

How Ethereum Works Now that we've covered what ethereum is, let's dive deeper into how the platform functions under the hood.

Consider the online notebook application described in "What is Ethereum?"

Using ethereum, the app doesn't require one entity to store and control its data. To accomplish this, ethereum borrows heavily from bitcoin's protocol and its blockchain design, but tweaks it to support applications beyond money.

Ethereum aims to abstract away bitcoin's design, however, so that developers can create applications or agreements that have additional steps, new rules of ownership, alternative transaction formats or different ways to transfer state.

The goal of ethereum's 'Turing-complete' programming language is to allow developers to write more programs in which blockchain transactions could govern and automate specific outcomes.

This flexibility is perhaps ethereum's primary innovation, as explained in the guide "How Ethereum Smart Contracts Work".



No comments:

Post a Comment