The origin of Ethereum
Ethereum is an open source blockchain platform proposed by Vitalik Buterin in 2014. Its goal is to build a decentralized global computer on which developers can build and run decentralized applications (DApps) without being controlled by any centralized authority. Ethereum has introduced smart contract (Smart Contract) technology, which enables developers to build self-executing applications on it. The cryptocurrency of Ethereum is called Ether, which is the cryptocurrency on the Ethereum platform and the base currency that DApps run on, and the base currency in its ecosystem. The characteristics of Ethereum include having its own virtual machine (EVM), supporting smart contracts, and being highly flexible and scalable. Ethereum has also introduced sharding technology and upgrade plans to increase its throughput and efficiency in response to growing usage.
The founding team of Ethereum
The founding team of Ethereum includes Vitalik Buterin , Gavin Wood, Joseph Lubin and others. In addition, many other core developers, contributors, and supporters have also made important contributions to the development of Ethereum, including Jeffrey Wilcke, Martin Becze, Christian Reitwiessner, Fabian Vogelsteller, Alex Van de Sande, and others. The contributions of these people have turned Ethereum from a concept into a global blockchain platform and led to the development of the Ethereum ecosystem.
Vitalik Buterin: One of the founders of Ethereum, a well-known figure in the field of blockchain technology and cryptocurrency, known as one of the "fathers of blockchain".
Gavin Wood: One of the founders of Ethereum, responsible for the technical design and development of Ethereum, and one of the experts in blockchain technology.
Joseph Lubin: One of the founders of the Ethereum Foundation, the founder and CEO of ConsenSys, dedicated to the promotion and application of blockchain technology.
Aya Miyaguchi: CEO of Ethereum Foundation, one of the promoters and developers of blockchain technology.
Hudson Jameson: One of the maintainers and promoters of the Ethereum community, responsible for the management and coordination of the Ethereum community.
Ethereum Cat Herders: A representative organization of the Ethereum community, responsible for the coordination and promotion of Ethereum upgrades and community development.
ConsenSys: One of the largest and most influential companies in the Ethereum ecosystem, dedicated to the application and development of blockchain technology.
Ethereum's push
The leadership and technical contributions of the founders and the team, who are committed to promoting the development of blockchain technology and smart contracts, have promoted the creation and development of Ethereum.
The innovation of the Ethereum blockchain, its smart contracts can realize the development of decentralized applications (DApps), with higher scalability, higher transaction speed and lower transaction costs.
The activity and creativity of the Ethereum community. Developers and community members around the world have developed and deployed a variety of decentralized applications, enriching the Ethereum ecosystem and increasing the popularity and usage of Ethereum.
Partners and supporters of Ethereum, including enterprises, investment companies, blockchain projects and government agencies, etc., they provide resources and support for the development of Ethereum, and promote the application and adoption of Ethereum in different fields .
Technical applications of Ethereum The technology of Ethereum can be applied in various fields, the following are some main applications:
DApps (decentralized applications): Ethereum's smart contract technology can realize the development of DApps. For example, Ethereum-based cryptocurrency wallets, decentralized exchanges, decentralized identity authentication and voting systems, etc.
Digital assets and tokens: Ethereum's ERC-20 standard makes the issuance of tokens very easy, which promotes the development of cryptocurrencies and digital assets, such as stablecoins such as USDT and DAI based on Ethereum.
Smart contracts: Ethereum's smart contract technology can realize automatic execution of contracts, which can be used to implement various smart contracts, such as insurance contracts, order contracts, and authorization contracts.
Decentralized autonomous organizations (DAOs): Ethereum's smart contract technology makes it possible to develop decentralized autonomous organizations, which can be used to realize decentralized investment funds and enterprise management.
Cross-border payment and transaction: Ethereum's blockchain technology can realize fast, safe, and low-cost cross-border payment and transaction, such as Ethereum-based payment solutions OMG Network and Raiden Network.
Internet of Things (IoT): Ethereum's blockchain technology can realize the identity authentication and interaction of IoT devices, such as IOTA, an IoT device management platform based on Ethereum.
Advantages of Ethereum
1.Smart contract: Ethereum's smart contract technology can realize automatic execution of contracts, reduce human intervention and costs, and increase reliability.
2.Decentralization: Ethereum is a decentralized platform without central authority control, which increases the security and credibility of the platform.
3.Openness: Ethereum is an open platform on which anyone can develop decentralized applications (DApps), thus promoting the development of the developer community and ecosystem.
4.Scalability: Ethereum's blockchain technology has good scalability and can achieve high concurrency and fast transactions.
5.Cross-chain interoperability: The Ethereum blockchain and other blockchains can achieve cross-chain interoperability and asset transfer, thereby promoting the interconnection and interoperability of the blockchain ecosystem.
6.Community support: Ethereum has a wide range of community support, including developers, investors, and users, which increases the development and promotion of the platform.
Risks of Ethereum
1. There may be security loopholes: There are possible security loopholes in the smart contract, and if the developer writes it improperly, it may cause major losses.
2. Network congestion and high transaction fees: When the Ethereum network is congested, transaction speeds will slow down and transaction fees will increase, which may affect user experience.
3. Irreversible transactions: Once a transaction is confirmed on the blockchain, it cannot be withdrawn, which may cause users to send transactions by mistake or be scammed.
4. High energy consumption: Ethereum adopts the proof-of-work (PoW) consensus mechanism, which requires a lot of energy consumption and has a negative impact on the environment.
5. Obstacles from traditional financial institutions: The decentralization and autonomy of Ethereum may attract the attention and obstacles of traditional financial institutions, limiting its application and development.
The programming language commonly used in Ethereum
1. Solidity: The main development language of Ethereum smart contracts, similar to JavaScript.
2. Vyper: A Python-style smart contract language designed to provide safer and easier-to-verify smart contracts.
3. Serpent: A smart contract language similar to Python, which is no longer widely used. LLL: Ethereum low-level language, similar to assembly language, used to write efficient smart contracts.
In addition, Ethereum also supports the development of many other programming languages, such as Java, JavaScript, Go, etc., and these languages can use the API of Ethereum to interact.
The above are some of the main members of Ethereum, including founders, technical experts, community maintainers and business representatives, etc. They play an important role in the promotion and development of blockchain technology and promote the continuous development of the Ethereum ecosystem and grow.