Ano ang Ethereum ? (Bahagi 1)

Mga Pangunahing Kaalaman sa Pananalapi sa WikiFX (06 Marso 2021) - Ethereum is a digital platform which allows people to build a range of decentralised applications.

These applications can include security programs, voting systems and methods of payment. Like bitcoin, ethereum operates outside the mandate of central authorities such as banks and governments.

The idea behind ethereum was created by Vitalik Buterin. He launched the first version of the platform in 2015, with the help of several co-founders. Since then it has grown rapidly in popularity and has helped prompt an increase of new rivals to bitcoin.

Paano ba gumagana ang Ethereum？

Ethereum works as an open software platform functioning on blockchain technology. This blockchain is hosted on many computers around the world, making it decentralised. Each computer has a copy of the blockchain, and there has to be widespread agreement before any changes can be implemented to the network.

The ethereum blockchain is similar to bitcoins in that it is a record of the transaction history. However, the ethereum network also allows developers to build and deploy decentralised applications (dapps). These are also stored on the blockchain along with records of transactions.

Ano ang mga Dapps？

Dapps are open-source software that use the blockchain technology. Unlike traditional apps, they dont need a middleman to function. As they are still a relatively new concept, it is difficult to pinpoint an exact definition of them. However, noticeable common features include the fact that they are open source (governed by autonomy) and decentralised.

Groups of smart contracts are used to create dapps. Smart contracts are scripts of code which can facilitate the exchange of money, shares, content, or anything of value. Smart contracts are formed using the Ethereum Virtual Machine (EVM). Once a smart contract is running on the blockchain, it acts like a self-operating computer program. They run as programmed, without censorship, downtime or influence from a third party.

Ang Ethereum ba ay isang cryptocurrency？

Ethereum itself is essentially not a cryptocurrency – the word ethereum refers to the digital platform. The actual tokens (used for payment on the network) are called ether. In other words, ether is the ‘crypto-fuel’ (or cryptocurrency) for the ethereum network. When it comes to trading, the prices you see will refer to ether. Nonetheless, you will commonly see the cryptocurrency referred to as ethereum.

(To be continued ...)

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