1. Ethereum Overview
Ether Leeum (Ethereum) is a block chain with a coin-type mining technology based smart Agreement is a distributed computing platform for implementing the function.
Ether (Ether) provided by the provider is Solarium bit coin Like encrypted in cyberspace virtual currency is traded as a kind of.
The maximum number of Irriums introduced by Russian Canadian Vitali Buterin on July 30, 2015 is unlimited, and as of April 2017, 9.95 million were issued.
2. Issuer
Ethereum is a web framework that implements the Programmable Blockchain, a platform on which you can build extended distributed applications.
'Smart Contract' is based on blockchain technology and provides scalability to transparently operate various financial applications such as contracts, SNS, email, virtual voting, as well as transaction records.
Unlike the existing PoW (PoW), we try to switch to Proof of Share (PoS).
3. Function and features
-The purpose of Ethereum is to create an alternative protocol for building distributed applications, with the ability to run programs as well as exchange as a currency like Bitcoin.
-It uses a technology called 'Smart Contract', a programming language in the Ethereum platform. In summary, it is a trading program that pays for certain actions according to a certain appointment.
-Its strength in rapid development time, security for small and rarely used applications, and efficient interaction with other applications makes it useful for large scale distributed application development.
-Accounts, like Bitcoin, are divided into Externally Owned Accounts controlled by a private key and Contract Accounts controlled by a contract code.
-Mining uses Proof-of-Work (PoW) method, and the algorithm is designed to generate one block about 12 seconds.
-Cryptographic, decentralized and stabilized are used in commerce, voting, domain names, crowdfunding, company management, various contracts and agreements, and intellectual property.
4. Mining method
Mining uses Proof-of-Work (PoW) method, and the algorithm is designed to generate one block about 12 seconds. The mining method is similar to Bitcoin, and there are two types of mining methods (Bitcoin is also applicable). The mining site is registered with a personal PC at the mining site (gold mining site). There is a way to operate.
When mining some encrypted data to create a valid block, miners have a probability of receiving a certain amount of coins, and the number of coins is limited and ½ every time they exceed a certain amount. Coin bundles are reduced and business performance decreases over time.