$ETH
Blockchain Technology Ethereum uses a blockchain, which is a distributed ledger (like a database). Information is stored in blocks, each containing encoded data from the previous block and new information. This creates a chain of encoded information that cannot be changed. An identical copy of the blockchain is distributed throughout the blockchain network.
Each cell or block is created with new ether tokens that are awarded to the validator for the work required to validate the information in a block and propose a new one. The ether is assigned to the validator's address.
Once a new block is proposed, it is validated by a network of automated programs that reach a consensus on the validity of the transaction information. On the Ethereum blockchain, consensus is reached after data and hash are passed between the consensus layer and the execution layer. Enough validators must prove that they all had the same comparative results and the block is finalized.