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Introduction to Ethereum Blockchain

Well, for the very first, we need to clear the confusion, Ethereum is not just another cryptocurrency. You can call it a decentralized network fueled by cryptocurrency known as Ether. It is not an alternative to the euro, dollars, or pound but a completely different application.

What is Ethereum Blockchain?

Using distributed applications

Using the blockchain method, Ethereum can completely change the centralized computing network that uses for storing people’s data. Apple and Google are some of the centralized computer networks that control the apps in their app store. Amazon also works in a centralized manner, which stores personal data and credit card information.

Applying smart contracts

It’s simple to make transactions safely and securely with the Ethereum blockchain. Smart contracts are small programs within Ethereum that self-execute when certain conditions are met, enabling parties to conduct all reliable transactions.

Ethereum VS Bitcoin

It’s true Ethereum and Bitcoin rely on blockchain for every transaction. But they are not the same. Ethereum is a software platform, while Bitcoin is just a currency.

Should you invest in Ethereum?

Ethereum is now becoming a global sensation for creating a decentralized platform. It uses Ether cryptocurrency to fuel all activities. You will find lots of news related to Ethereum in recent times.

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