Vitalik Buterin - the Ethereum project’s best-known founder - published the Ethereum white paper in November of 2013, describing the soon-to-be network and how it would function. Some refer to Ethereum as the World’s Computer. ![]() It’s decentralized because the transactions the Ethereum network saves to the blockchain are validated and mirrored by thousands of computers around the world. ![]() Think of the Ethereum network as an operating system on the internet that can run programs. It’s like a bank statement, but for crypto - and it’s always up-to-date.Įach “block” in the “chain” contains transactions and data, and just like real chains, they’re linked. Blockchains are like a tally sheet that tracks who has what, where it came from, and where it went.Smart contracts are computer programs that run on the Ethereum network. ![]() Hold up, what? Okay, let’s break that down. Ethereum is the leading smart-contract blockchain.
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