Sunday, October 29, 2017

Ethereum & Smart Contracts

Ethereum & Smart Contracts

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Ethereum is #2 on list at
Ethereum is a blockchain based, open sourced, software platform that focuses on allowing developers to create and launch decentralized applications, also known as DAPPS.
Vitalik Buterin is the co-founder of Ethereum, he’s a Russian Programmer and also a co-founder of Bitcoin magazine.
When run on the blockchain a smart contract becomes like a self-operating computer program that automatically executes when specific conditions are met. Because smart contracts run on the blockchain, they run exactly as programmed without any possibility of censorship, downtime, fraud or third party interference
Smart contracts refers to computer code that facilitates the exchange of money, content, property, shares, or anything of value.
The Ethereum Virtual Machine makes the process of creating blockchain applications much easier and efficient than ever before. Instead of having to build an entirely original blockchain for each new application, Ethereum enables the development of potentially thousands of different applications all on one platform.
Additional Reading: Coindesk Articles-

Medium Article for Beginners about Smart Contracts

Building Dapps-
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Item Reviewed: Ethereum & Smart Contracts Rating: 5 Reviewed By: BUXONE