Ethereum is a platform running on its own open source blockchain, allowing anyone to develop decentralized applications (DApps) and build decentralized autonomous organizations (DAO) on it, all in a safe manner. This platform makes it possible to run many applications, thus avoiding the need for programmers to create their own dedicated server, all thanks to the Ethereum Virtual Machine. You can also execute Smarts Contracts, to automate tasks or actions carried out on the blockchain. This makes it possible to avoid the manual execution of these and thus eliminates the need for a trusted third party. This ensures the security of the network. Ethereum aims to become a global platform for decentralized applications, thus enabling this software to resist censorship, downtime, and fraud.
Last Page Update
September 21, 2021
Founder(s)
Vitalik Buterin
Mainnet Launch
July 2015
Consensus
Proof of Work (PoW)
Architecture
Single-chain (Synchronous)
Security
Global
Validators
~300000
Type
Layer 1
VM/Dev
EVM (Solidity, Vyper)
TPS
15
Economics
Variable Tx Fees
Avg Tx Fee
~$15
Rating:
- Performance
Transaction speed and network scalability
2/5
- Security
Operating mechanism and validators
5/5
- Economics
Functioning of the economy and distribution
3/5
- Ecosystem
Scope of the ecosystem and partners
5/5
- Team & Community
Team experience and community strength
5/5
- Fees
Cost of transaction fees (the higher the score is, the lower the fees are)
1/5
Blockchain Categories:
0
Tags
Platform
Smart Contracts
Payments
Can be Staked ?
Yes (For ETH2.0)
0
%
Annual Interest
Community rating:
0 out of 5 stars (based on 0 reviews)
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