ETHEREUM: GUIDE TO THE WORLD OF DECENTRALIZED FINANCE

‘ETHEREUM: Guide to the the World of Decentralization’ is the third installment of Blockchains Blueprint eBooks, providing an in-depth exploration of the world of cryptocurrency and blockchain technology...

TABLE OF CONTENTS

Chapter 1: Getting Started with Ethereum

Chapter 2: Ethereum Technology

Chapter 3: Ethereum Decentralized

Chapter 4: The Ethereum Ecosystem

Chapter 5: Ethereum Development Ecosystem

Chapter 6: Ethereum and the Future

Chapter 7: Ethereum Investing

Chapter 8: Ethereum Real World Use Cases

Chapter 9: The End

CHAPTER 1: Getting Started with Ethereum

At its core, Ethereum is a decentralized platform that facilitates smart contracts and decentralized applications. Vitalik Buterin came up with the idea for Ethereum in late 2013 and it went live on July 30, 2015. Blockchain, the technology that Ethereum is based on, is a distributed ledger system that keeps track of transactions across many computers in a way that is safe, clear, and immutable. On the Ethereum network, each transaction is saved in a block through proof-of-stake consensus.

Ethereum's main innovation is its ability to make and carry out smart contracts. These smart contracts are computer programs where the terms of a deal between parties is written directly into the code. When certain conditions programmed in are met, they automatically carry out specified actions. Nick Szabo came up with this revolutionary idea in the 1990s. There is no need for middlemen because these contracts take action automatically when certain conditions are met. This feature could completely change industries automating complicated tasks and by letting people make transactions without trusting each other.

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