The Steemit Crypto Academy Week 4//All About the Ethereum Blockchain Homework Task -4 @gbenga

Hello everyone,
I hope we are very well I am also well and today I am going to Steemit Crypto Academy homework task 4. Lesson for which is All about the Ethereum Blockchain, the topic is really interesting I am not the expert in this topic, but I have did my research for it before entering steemit so here I will share what have I learn from different place and different people.

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All about the Ethereum Blockchin

Etherium is a blockchain-based software platform used primarily to support the world's second-largest currency by market capitalization after Bitcoin. Etherium Blockchain In 2015 the entire implementation was done by correcting the lack of blockchain experience. Etherium Blockchain's own Token is known as ether which is a ERC20 token.
A few out of the correction Ethereum blockchain brought to the the crypto ecosystem is the ability of users to build apps otherwise known as Decentralized Apps on the blockchain thereby allowing users to write codes on the blockchain and also allows automated transaction on the blockchain. Spelling through a simple app store you will find everything from a variety of colorful square banking to everything from fitness to messaging apps. The long-term vision of the Etherium community is to create applications that look like these, but it works differently under the boot.

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In short, the goal for Etherium applications is to return the letter control of such services to its owner. Users known as applications need to use it locally. The Ethereum rule follows blockchain and Ether's core currency, the ETH currency, and other transfers.

The blockchain using bitcoin is not like the first generation . The world's blockchain can do more for financial transactions. The world allows blockchain users to program their own codes. And lets people create their own applications, known as science-driven applications with proof of work consequence requires mining which need physical device such as expensive - to validate blocks but proof of stake is completely different

It is consequence is completely virtual when random and now announce elections are done to select a note to valid for get a block this is choose from virus factors put together such as stocking fluid and stacking quantity of the node

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Bitcoin and Etherium cryptocurrencies are spread all over the world and they dominate a lot but there are many differences between them. Bitcoin was the first currency to be launched in 2009. Earth I improved the blockchain of bitcoin in 2015 and created a platform through distributed computing the difference between Ethereum and development

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A smart contact is an aggregate of angles that returns results when specific requests are made and executes specific commands. This agreement does not take effect if any court in this smart contact black chain does not comply with the terms and conditions of this agreement. This agreement does not take effect.

In traditional means of banking transactions go through his frontal body where they are controlled verified and updated but the advent of after currency has limited the central body with its decentralized system which uses distributed ledger known as blockchain. In blockchain technology transaction are publicly available and stored in different computers. In blockchain technology transaction are to be verified just like the traditional banking system and added to the the ledger this is done by sloving cryptography algorithms by miners.

Ethereum seems to be the cryptocurrency name of the law, Ether, which was introduced in 2015 along with Lux Sen. The main purpose of Etherium seems to be to create tokens for people to create DPS. Ethereum doesn't seem to be able to issue tokens to many companies that know Ethereum with the help of Ethereum Smart Argument known as ERC20

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What is meant by transaction for Ethereum gas block chain and processing Fee. If a contract is not executed through Ethereum Gas, the contract is not valid and the transaction cannot be made. The amount of Ethereum gas is determined depending on the transaction performed but the purchase price may change as it determines the mineral

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Etherium nodes validate and validate blogs by storing blockchain data Ethereum light notes require employment and minimal computer space to give such a status Light notes require complete notes to provide complete information about the blockchain. Because they don't fully deal with blockchain

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Ethereum plasma also solve the Ethereum blockchain scalability problem. With Ethereum plasma , a secondary chain communicates with the main Ethereum chain. Using smart contracts and market trees.

Finally I would like to say that the Etherium network which was innovated while improving the Bitcoin blockchain brings Etherium decentralized finance to a central ghost third party financial transaction changes in terms of money. Changing the field of money gave Therium users the ability to create blockchain codes as well as create their own tokens.

Cc: @gbenga @steemcurator01 @steemcurator02

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Hello, This post isn't related to the task given in the class. You could read through the week 5 class and participate in the assignment/task for rthe week

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