#Ethereum
With those key concepts mentioned above.
Now I will tell you how the protocol is developed
1. Creation of a Smart Contract:
A developer writes a contract in Solidity.
The contract is deployed on the Ethereum network and obtains a unique address.
2. Execution of a Contract:
Users interact with the contract by sending transactions.
Each interaction has a funding cost, which varies according to computational complexity.
3. Validation:
Validators review the transactions and execute the contract in the EVM.
If it is valid, the block containing the transaction is added to the blockchain.
All of this has allowed the creation and development of applications
focused on:
Decentralized Finance (DeFi): Loans, exchanges, and more without intermediaries.
Non-Fungible Tokens (NFT): Unique digital assets.
dApps: Games, social networks, and decentralized markets.
