Читать книгу Cryptocurrency All-in-One For Dummies онлайн
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This chapter provides you with an understanding of many of the basic functionalities that blockchain technology offers. You also develop a basic understanding of some of the additional security you need to have while working with cryptocurrency. And you begin to establish the basic crypto accounts that you need in later chapters.
Diving into Blockchain Technology
The Ethereum blockchain is one of the largest and most powerful blockchains in the world. It was designed to build dApps, which are applications that are built within a trustless, decentralized network. Within the Ethereum network, developers utilize smart contracts to build these applications. Ethereum also utilizes a cryptocurrency called Ether to reward users for providing computing power and creating the trustless system that these smart contracts need in order to execute.
Smart contracts are not really like a typical business contract. Instead, smart contracts are code deployed across a decentralized network. Like a business contract, they have predefined terms. A key difference is that smart contracts are enforced by their blockchain network. They’re an important computing innovation because they allow individuals who don’t know or trust one another to collaborate without fear that the other party won’t perform as outlined by the terms that the two parties have agreed on.