① What is Ethereum and what is the relationship between Ethereum and blockchain
What is Ethereum:
Ethereum is an Technology and concepts applied to computer innovation. Ethereum itself copied many of Bitcoin’s technology to maintain the computer platform. Blockchain technology is one of them.
The Ethereum platform can safely run any program the user wants.
Advantages of Ethereum over other altcoins
Before the emergence of Ethereum, there were already some digital currencies that imitated Bitcoin. However, these projects themselves have certain shortcomings, and can only support one or several specific applications at the same time. (A better digital currency trading platform is in “Bihui”)
However, the reason why Ethereum can surpass the limitations of these previous projects is because of the core idea of Ethereum.
What Ethereum wants to implement is a blockchain protocol with a built-in programming language. Since the programming language is supported, theoretically any blockchain application can be defined in this language, and then used as a An application that runs on top of the Ethereum blockchain protocol.
Ethereum is designed to be flexible and adaptable.
Ethereum aims to set the strengths of blockchain technology, in order to add the advantages of blockchain, such as decentralization, openness and security, to almost all computing fields .
Ethereum’s blockchain applications
Ethereum has many blockchain applications, such as gold and stock digitization applications, financial derivatives applications, DNS and digital applications certification, etc.
Ethereum has more than 100 blockchain applications implemented by many startups.
Ethereum is also closely watched by some financial institutions, banking consortiums (such as R3), and large companies like Samsung, Deloitte, RWE and IBM, which has also spawned a number of initiatives such as simplifying And blockchain applications such as automated financial transactions, merchant loyalty index tracking, gift cards designed to decentralize electronic transactions, and more.
Relationship between Ethereum and blockchain:
Ethereum is a programmable blockchain.
Instead of giving users a set of pre-defined actions (such as Bitcoin transactions), Ethereum allows users to create complex actions of their own accord.
In this way, Ethereum can be used as a platform for many types of decentralized blockchain applications, including but not limited to cryptocurrencies.
Like other blockchains, Ethereum has a peer-to-peer network protocol. The Ethereum blockchain database is maintained and updated by numerous nodes connected to the network. Each network node runs an Ethereum simulator and executes the same instructions. Therefore, people sometimes figuratively call Ethereum the “world computer”.
② What is the relationship between Bitcoin and Ripple Stellar Ethereum?
Bitcoin is not the only digital currency on the Internet, and Ripple ( Ripple), Stellar (Stellar), Litecoin (Litecoin), Ethereum (Ethereum), and other digital currencies. Of course, the most popular is still Bitcoin. But many times, some developers, entrepreneurs, or companies will let us know that we need a better digital currency. A programmer named Jed McCaleb — the father of eMule — developed Ripple, which should be better than Bitcoin, and then he launched Stellar Coin, better than Ripple, and even more gratifying is that he is not fighting alone.
There is a trend now that the industry hopes to develop a technology that allows all these online digital currencies to flow with each other, which means that in the future you can transfer money at will in different online digital currency systems . This technology is known as the “Interledger Protocol (ILP)” and was initiated by Ripple. However, in recent months, after the company released the idea, they have also received support from many well-known companies in the industry, including Microsoft and the World Wide Web. Obviously, Ripple wants to set the technical standards for digital currencies on the Internet, and they want to develop a single global network that can unify not only all digital currencies, but all businesses and individuals who use them.
“We want to stand on a higher level and extract the difference of various digital currencies,” said Stephen Thomas, chief technology officer of Ripple, “We are trying to develop a payment globalization standard .”
The launch of this agreement hopes to allow more people to use online digital currency, and to expand the use of online digital currency, allowing us to transfer funds more efficiently. This is actually the goal of many existing projects. For example, Ripple and Stellar were designed to allow users to transfer money to these two in any currency.�� digital currency account, but also allows these two digital currencies to be converted into other currencies. You can send bitcoin, and the other party gets Litecoin. You can also send dollars, and the other party gets dogecoin. But for the business and developer communities, there are limits to their use of these ledgers, so there’s a bit of a hassle in it because you can’t transfer money from one payment network to another. Now, though, the “interledger protocol” hopes to change that.
In a way, this project has been a decade-long effort to develop a completely new network protocol, colloquially, the “Internet of Money”. If we go back to the early 1990s, we know that the famous Marc Andreessen founded the Netscape web browser, and now the project wants to play a similar role, they want to build a way to send money on the Internet standard way. In fact, the original Hypertext Transfer Protocol (http, which defined the web’s foundational standard) contained code for payments. But this code has never been used, and in recent years, many companies (such as bitcoin exchange Coinbase, and Stripe, which helps businesses accept various online digital currencies) have at least tried to create a convention for online digital currencies. standard. In the future, we hope that sending and receiving money online is as easy as sending a text message or email, but we are still a long way from this paradise, but at least we are heading in the right direction for now.
③ Ripple (XRP), Ethereum, or eCell which has more investment value
The price fluctuation of XRP is relatively stable , eCell coin is an ERC20 token, and there is a certain room for growth in the future. Ether is the digital currency second only to Bitcoin.
④ What is Ripple XRP
Ripple is the base currency of the Ripple network, it can circulate in the entire ripple network, the total amount is 100 billion, and Ripple is operated by Ripple Labs (formerly OpenCoin) as the number of transactions decreases.
Ripple is the only general currency in the ripple system. It is different from other currencies in the ripple system. Other currencies such as CNY and USD cannot be withdrawn across gateways. In other words, CNY issued by gateway A can only be withdrawn in A. Gateway withdrawal, if you want to withdraw at B gateway, you must convert it into CNY of B gateway through the pending order function of the ripple system before you can withdraw at B gateway. Ripple has no such restrictions at all, it is universal within the ripple system.
On January 1, 2018, the trading price of Ripple (ripple) soared by nearly 56% on Friday, hitting a record high, and its market value surpassed Ethereum to become the second largest cryptocurrency.
In 2017, CCTV announced the list of 350 fund pyramid schemes, and Ripple was on the list.
Warm reminder: 1. The above explanations are for reference only and do not make any suggestions.
2. Before investing, it is recommended that you first understand the risks of the project, and have a clear understanding of the project’s investors, investment institutions, on-chain activity and other information, rather than blindly investing or mistakenly investing in funds. Investment is risky, and you must be cautious when entering the market.
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⑤ Bitcoin, After Ethereum, Litecoin, what’s new in blockchain
⑥ Since Ethereum is a blockchain platform created by people, why does it say that it is not controlled by anyone?
Hello, I am very honored to be able to answer your questions here. The following are some of my opinions on this issue. If there are any mistakes, please point them out. Because only btc and eth are currently available and widely used, and btc is the first-generation representative of the blockchain. Thank you very much for your patience. If you have any help, please adopt it. I wish you a happy life! Thanks!
⑦ What is Ethereum and what is the relationship between Ethereum and blockchain
Ethereum is also a product of blockchain 2.0, which is an open smart contract Complete solution. Bitcoin is the most important application of blockchain 1.0, and it completes currency and payment transactions well. But when we need to record and transfer more complex asset types, we need the third step – a more powerful scripting system – to eventually become Turing complete (capable of running any currency, protocol and blockchain). Ethereum is a blockchain-based project that aims to provide a Turing-complete scripting language and a Turing-complete platform.
AreaChain 1.0 mainly refers to Bitcoin, while block chain 2.0 extends to all assets, while block chain 3.0 goes beyond currency, beyond the financial field, and even beyond the commercial field, extending to all fields and permeating all aspects of our lives , including political, social, educational, medical, etc. According to the predictions and ideas of people in the industry, the blockchain 3.0 era will be realized in the next five years. At that time, the blockchain will become as recognized and accepted by all the public as the Internet, thus completely subverting our lives.
McKinsey & Company submitted a blockchain technology report to the U.S. Federal Insurance Advisory Committee, which called 2009 to 2016 the “Dark Ages”, arguing that all blockchain solutions during this period Based on Bitcoin, the new era of blockchain will begin in 2016. By then, the application of blockchain will become unprecedentedly widespread. To apply a quote from the McKinsey report: Based on the current speed of blockchain development, we believe that blockchain solutions may realize their full potential in the next 5 years.
⑧ What are the current problems of the Ethereum blockchain ETH
The Ethereum blockchain has exposed three major problems for a long time. For a long time, its founder Vitalik
Buterin has been unable to interpret. The first is the overall low performance and TPS of the Ethereum blockchain; the second is that the resources are not isolated. The incident of the CryptoKitties virtual cat once occupied 20% of the traffic of the entire Ethereum, which directly caused The inability of Ethereum network users to carry out timely transactions is the biggest pain point of non-isolation of resources; the third problem lies in the manifestation of Ethereum’s governance structure. As a decentralized distributed ledger, Ethereum has been the founder team since the past. It has dominated the development of its network, and the overly centralized governance model has caused the current Ethereum to have forks such as ETH, ETC, ETF, etc., and the Ethereum community is currently in a state of fragmented governance. In the eyes of Ma Haobo, founder and CEO of “aelf”, the various ills that are currently occurring in the Ethereum network are unacceptable. Therefore, the positioning of “aelf” was born to target the next-generation decentralized underlying computing platform of Ethereum, focusing on solving the current problems of insufficient performance, non-isolation of resources, and governance structure in Ethereum.
⑨ What are the current problems of Ethereum (eth) in the blockchain
What are the current problems of Ethereum (eth) in the blockchain?
The Ethereum blockchain is currently exposed to three major problems, and its founder Vitalik
Buterin has been unable to interpret it for a long time. The first is the overall low performance and TPS of the Ethereum blockchain; the second is that the resources are not isolated. The incident of the CryptoKitties virtual cat once occupied 20% of the traffic of the entire Ethereum, which directly caused The inability of Ethereum network users to carry out timely transactions is the biggest pain point of non-isolation of resources; the third problem lies in the manifestation of Ethereum’s governance structure. As a decentralized distributed ledger, Ethereum has been the founder team since the past. It has dominated the development of its network, and the overly centralized governance model has caused the current Ethereum to have forks such as ETH, ETC, ETF, etc., and the Ethereum community is currently in a state of fragmented governance. In the eyes of Ma Haobo, founder and CEO of “aelf”, the various ills that are currently occurring in the Ethereum network are unacceptable. Therefore, the positioning of “aelf” was born to target the next-generation decentralized underlying computing platform of Ethereum, focusing on solving the current problems of insufficient performance, non-isolation of resources, and governance structure in Ethereum.
⑩ What is the relationship between Bitcoin, Ethereum, Ripple, Wanrong Chain and blockchain
Wanrong Chain, rubbing hot spots.