A Detailed Introduction to Ethereum

Ethereum is an open-source public blockchain platform with smart contract functionality, and it is one of the most influential decentralized computing platforms in the world. Here is a detailed introduction to it:

Logo and Token: The logo of Ethereum is a diamond shape, and its native cryptocurrency is Ether (ETH). Founders: Ethereum was founded by Vitalik Buterin, and Gavin Wood is also one of its important co-founders.

Core Features

Smart Contracts: Ethereum supports a Turing-complete programming language, allowing developers to create smart contracts and use the blockchain as its data layer, making it public to the network. A smart contract is a piece of self-executing code deployed on the blockchain that automatically executes agreed-upon actions when preset conditions are met, without the need for third-party intervention. Ethereum Virtual Machine (EVM): The EVM is the runtime environment in the Ethereum network where all smart contracts are executed. It has features such as Turing completeness, sandbox isolation, and deterministic execution. Code written by developers using languages like Solidity and Vyper must be compiled into EVM bytecode before deployment. Consensus Mechanism: Ethereum initially adopted a Proof of Work (PoW) consensus mechanism. On September 15, 2022, Ethereum underwent a merging upgrade, officially transitioning from PoW to Proof of Stake (PoS). Under the PoS mechanism, validators need to stake Ether as collateral and run validator software to propose and validate blocks. #ALPHA🔥