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Ethereum basics

Ethereum introduced the world to smart contracts and decentralised finance. Here’s what you need to know.

  • Who invented Ethereum?

    Ethereum was first outlined by its creator Vitalik Buterin in an official whitepaper that arrived in 2013.  Having first taken interest in Bitcoin two years earlier, Buterin quickly became an expert on the new technology, learning all he could while…

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  • What is Ethereum?

    Ethereum is aiming to be the main operating system for decentralised computing, in the same way that iOS is for traditional computing. It’s a platform that enables anyone to build digital applications and services in everything from financial services to…

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  • Why does Ethereum have value?

    Ethereum was built as more than just another digital payments facilitator. It was built as a platform to support the creation of decentralised apps and run smart contracts, which opens up the technology to adding value to an untold number…

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  • What is a smart contract?

    Smart contracts are independent programs that run on a blockchain like Ethereum and ensure an agreed outcome can be achieved between multiple parties.

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  • What is gas and how does it work?

    Gas is the fuel that allows the Ethereum network to operate. In the same way cars need gasoline to keep on driving, users on the network need to include gas in their transaction request in order to fuel the completion of the transaction and add it to the blockchain.

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