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ethereum (English Ethereum) is an open source public blockchain platform with smart contract functions. It provides a decentralized Ethernet virtual machine, which processs point -to -point contracts through its special cryptocurrency Ethernet (ETH). Ethereum's concept was first inspired by Bitcoin from 2013 to 2014 from 2013 to 2014. It was proposed by the effect of "next -class password currency and decentralized application platform". In 2014, it began to develop through ICO crowdfunding. As of February 2018, Ethereum is the second highest market value cryptocurrency, second only to Bitcoin.
This information:
. Bitcoin has created a precedent for decentralized password currency, and fully tested the feasibility and security of blockchain technology in more than five years. In fact, Bitcoin's blockchain is a distributed database. If a symbol is added -Bitcoin, and a protocol is specified, the symbol can be transmitted safely in the database without trusting third parties. The combination of these features perfectly constructs a monetary transmission system, the Bitcoin network.
. However, Bitcoin is not perfect, and the scalability of the protocol is a lack of. For example, there is only one symbol in the Bitcoin network -Bitcoin, and users cannot customize other symbols. These symbols can represent the company's stock or debt vouchers, which will lose some functions. In addition, the Bitcoin agreement uses a stack -based script language. Although this language has certain flexibility in implementing multiple signatures and other functions, it is not enough to build more advanced applications, such as decentralized switches. Ethereum aims to solve the problem of insufficient Bitcoin scalability.
. The Ethernet protocol will be as simple as possible, even at the cost of storage and time efficiency of some data. An ordinary programmer can also perfectly implement the complete development instructions. This will eventually help reduce the possible impact of any specific individual or elite group on the agreement, and promote Ethereum's application prospects as an open protocol for everyone. Optimization of complexity will not be accepted unless they provide very basic benefits.
. Ethereum is a platform that provides various modules for users to build applications. If building applications are compared to building houses, then Ethereum provides modules such as walls, roofs and floors. Users only need to build houses like building blocks. Therefore, the cost and speed of building applications on Ethernet is greatly improved. Specifically, Ethereum has established applications through a set of Turing Complete script language (Ethereum virtual machine code, EVM language) that is similar to the assembly language. We know that it is very painful to programming directly with assembly language, but programming in Ethereum does not need to use EVM language directly, but C -language, Python, LISP and other advanced languages, and convert to EVM language by the compiler.