md_rocky_ahmed
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Bullish
$ETH
How Ethereum works
Ethereum has introduced the concept of a blockchain smart contract platform, which allows for creating a programmable contract. Through this smart contract, two counterparties are able to set conditions of a transaction without needing to trust another third party for the execution. People who use these smart contracts for their transactions will pay a network fee in the form of Ether. In addition to smart contracts, Ethereumโs blockchain is able to host other cryptocurrencies, called โtokensโ, through the use of its ERC20 compatibility standard.
How Ethereum works
Ethereum has introduced the concept of a blockchain smart contract platform, which allows for creating a programmable contract. Through this smart contract, two counterparties are able to set conditions of a transaction without needing to trust another third party for the execution. People who use these smart contracts for their transactions will pay a network fee in the form of Ether. In addition to smart contracts, Ethereumโs blockchain is able to host other cryptocurrencies, called โtokensโ, through the use of its ERC20 compatibility standard.
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