Telling Stories about Cryptocurrencies in KAiREX; Ethereum(ETH)
Hello,
Like the last time we posted, we came to here with the story of Ethereum(ETH) listed on KAiREX.
Ethereum is an open blockchain platform that lets anyone build and use decentralized applications that run on blockchain technology. Ether is the cryptocurrency used on this platform.
Let’s see more detail information of ETH!
■ Q&A
Question 1. Please explain characteristic or purpose of Ethereum.
The intent of Ethereum is to create an alternative protocol for building decentralized applications, providing a different set of tradeoffs that will be very useful for a large class of decentralized applications, with particular emphasis on situations where rapid development time, security for small and rarely used applications, and the ability of different applications to very efficiently interact. Ethereum is a programmable blockchain. Rather than give users a set of pre-defined operations (e.g. bitcoin transactions), Ethereum allows users to create their own operations of any complexity they wish. In this way, it serves as a platform for many different types of decentralized blockchain applications, including but not limited to cryptocurrencies.
Question 2. About Decentralized Application ( DApp ).
DApp is an application that enables direct interaction/agreements/communication between end users and/or resources without a middleman. Literally, it is decentralized application. Currently, various kinds of DApps based on the Ethereum platform have been and being developed. You may visit the following URL : https://www.stateofthedapps.com/
Question 3. Let us have brief roadmap of Ethereum.
From the information Ethereum foundation reveled, the roadmap of Ethereum platform has 4 steps.
- Release Step One — Frontier : an interface to mine Ether, and a way to upload and execute contracts. The main use of Frontier on the launch trajectory is to get mining operations and Ether exchanges running, so the community can get their mining rigs started, and to start to establish a “live” environment where people can test DApps and acquire Ether to upload their own software into Ethereum.
- Release Step Two — Homestead : the initial era of building Ethereum platform ecosystem
- Release Step Three — Metropolis : Metropolis is when we finally officially release a relatively full-featured user interface for non-technical users of Ethereum, and throw the doors open: Mist launches, and we expect this launch to include a DApp store and several anchor tenant projects with full-featured, well-designed programs to showcase the full power of the network. This is what we are all waiting for, and working towards.
- Release Step Four — Serenity : Switching the network from Proof of Work to Proof of Stake is going to require a substantial switch, a transition process potentially much like the one between Frontier and Homestead.
Question 4. Where can I get Ethereum wallet?
Please check Ethereum homepage https://www.ethereum.org/ or the following address : https://github.com/ethereum/mist/releases/tag/v0.11.1
Question 5. As last, please introduce us Vitalik Buterin, Founder of Ethereum Foundation.
Vitalik Buterin, born January 31, 1994, is a Russian-Canadian programmer and writer primarily known as a co-founder of Ethereum and as a co-founder of Bitcoin Magazine. He has been selected as one of the Fortune 40 under 40 list in 2016, Forbes 30 under 30 list in 2018, and got World Technology Award ( presented by Forbes and Time ) in the IT Software Category in 2014. Please visit on Ethereum Foundation homepage for more information at https://ethereum.org/foundation.
Have you got a better understanding of ETH? If you have any questions, please feel free to contact us.
