The Structure and Characteristics of Ethereum and Ethereum Network
Ethereum is a distributed computing platform that supports the development and execution of decentralized applications (DApps). Through smart contracts, Ethereum allows programming on the blockchain, enabling a wide range of applications across various fields.
Ethereum operates on the Ethereum Virtual Machine (EVM), which executes smart contracts stored on the Ethereum blockchain. Additionally, Ethereum uses Ether as its cryptocurrency and goes through a mining process to maintain and secure the Ethereum blockchain.
The Ethereum network is composed of multiple nodes that maintain the Ethereum blockchain, verify transactions, and execute smart contracts. Forks, such as Ethereum Classic, may occur to upgrade or fix bugs while maintaining compatibility with the previous blockchain.
With its foundation on distributed computing technology, Ethereum has the potential for various applications across different fields. By utilizing the decentralized structure of blockchain and smart contracts, new services that differ from existing centralized services can be created.
Overall, Ethereum has made significant contributions to the development of blockchain technology and has opened up new possibilities for various decentralized applications.
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