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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:

Transaction speed and network scalability

2/5

Operating mechanism and validators

5/5

Functioning of the economy and distribution

3/5

Scope of the ecosystem and partners

5/5

Team experience and community strength

5/5

Cost of transaction fees (the higher the score is, the lower the fees are)

1/5

Cryptocurrency:

Blockchain Categories:

0
Tags
Platform
Smart Contracts
Payments
Can be Staked ?
Yes (For ETH2.0)
0 %
Annual Interest

Community rating:

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