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 【Public chain knowledge】⭐Ethereum 1⃣ What is Ethereum? Ethereum is an open source, decentralized platform that allows developers to create and run smart contracts and decentralized applications (DApps) on it. Launched in 2015 by Vitalik Buterin and his team. Its goal is to build a more open and transparent Internet - Web 3.0. 2⃣ What is the difference between Ethereum and Bitcoin? ·Bitcoin: Mainly used as a digital currency, it solves the needs of value storage and transfer. Its core is "decentralized currency". 💰 ·Ethereum: Not only has currency (ETH), it can also execute code and run smart contracts. It is a complete development platform. More complex applications can be implemented, such as decentralized finance (DeFi), NFT (non-fungible tokens), etc. 🏦 3⃣ What is a smart contract? ““Smart contracts” are like self-executing programs or agreements that complete transactions without third-party intervention. For example, if you and your friend agree on a condition, the smart contract can automatically execute the transaction when the condition is met. 4⃣ Application scenarios of Ethereum Decentralized Finance (DeFi): Borrowing, trading, and earning interest without the need for banks or traditional financial institutions. ✨ NFT (non-fungible token): Collectible art, game props, and even virtual land can be traded on Ethereum through NFT. 🔥 DAO (Decentralized Autonomous Organization): Through Ethereum’s smart contracts, community members are allowed to jointly manage and make decisions, truly realizing a decentralized governance model. 🤝 5⃣ Ethereum 2.0 upgrade At present, the "2.0" upgrade of Ethereum has been completed. The core goal of this upgrade is to increase transaction speed and reduce handling fees. Specifically, it is to transform the original "Proof of Work" (PoW) into "Proof of Stake" (PoS). This change will make Ethereum more environmentally friendly while greatly improving the scalability of its network. ⛓️ Daxin Foreign Trade reminds us that this article only introduces simple and basic relevant information and does not contain any investment or financial management suggestions! Everyone will smile knowingly and just take a look! Although the fluctuations have been great recently, the fluctuations will be even greater in the future! Although Gao Qiqiang's famous saying "The bigger the storm, the more expensive the fish" is right, but I guess Gao Qiqiang hasn't come out yet! Follow me for more WEB3! Professional Process Guide for Korean Trademark Registration Going to Korea or Japan? Russia cost of living comparison #ETH #Ethereum #web3 #cryptocurrency #Bitcoin #BTC #Ethereumeth #investment #blockchain #NFT    |
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