Techno-News Blog

August 27, 2019

How does Ethereum work, anyway?

Filed under: Uncategorized — admin @ 12:20 am

Preethi Kasireddy, Medium

Odds are you’ve heard about the Ethereum blockchain, whether or not you know what it is. It’s been in the news a lot lately, including the cover of some major magazines, but reading those articles can be like gibberish if you don’t have a foundation for what exactly Ethereum is. So what is it? In essence, a public database that keeps a permanent record of digital transactions. Importantly, this database doesn’t require any central authority to maintain and secure it. Instead it operates as a “trustless” transactional system — a framework in which individuals can make peer-to-peer transactions without needing to trust a third party OR one another. Still confused? That’s where this post comes in.

https://medium.com/@preethikasireddy/how-does-ethereum-work-anyway-22d1df506369

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