Ethereum Technology Overview
Ethereum operates on a decentralized blockchain network, enabling the execution of smart contracts and facilitating transactions using its native cryptocurrency, Ether (ETH). Ethereum utilizes a Proof of Stake (PoS) consensus mechanism for network security, transitioning from the energy-intensive Proof of Work (PoW) system employed by cryptocurrencies like Bitcoin. The Ethereum network's design promotes decentralization, security, and efficiency.
We will not attempt to explain the entire Ethereum standard on this paper because such discourse will be too long. Instead, we invite readers to read some of the following resources to learn more:
What is ETH: https://ethereum.org/en/what-is-ethereum/
ETH Whitepaper: https://ethereum.org/en/whitepaper/
ETH Repository: https://github.com/ethereum
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