Ethereum in Blockchain
What is Ethereum?
To develop and establish Blockchain based applications we can use Ethereum,which is an open source Blockchain platform.The main pros of Ethereum Blockchain applications are it can be executed through a shared and distributed network without a third party interference,censorship and fakes.Unlike other applications and websites which are running in a centralized servers , the Ethereum in Blockchain have a decentralized system in which they are distributed among many unique computers throughout the world and they are known as nodes.
It uses smart contracts to govern the network, they are self-governing programs and use of a central authority is eliminated.
Smart Contracts
A contract can be simply defined as a storage of code and data(Functions and states respectively) that occupy at a particular address in the Ethereum Blockchain.The state variables,methods,events etc are defined in each contract and it can manage the transactions between blocks in blockchain network.
Ether
Ether is just like cash ,no need of third party for its approval and transaction.Its just like a reward(Bitcoin).
Different Ethereum networks
Rather than a network itself ,it is more like a protocol for internode communication.The transaction of Ether cryptocurrency happens through the community Ethereum network.Some of the private Blockchain networks are
- Private node in development mode
- Private network
- Public test network
- Full Ethereum network
Ethereum Clients
For mining and development purposes we can connect different open-source software packages with Ethereum networks.
- eth(C++ implementation)
- geth(GoLang implementation)
- pyethapp(python implementation)
Originally published at Blockchainexpert
