Category: 12.Beginner’s Guide to Ethereum

What factors affect ETH’s price? Ultimately, ether’s price boils down to supply and demand. So what factors influence ETH’s supply and demand? Great question! Ether’s supply and demand are affected by multiple factors including specific factors particular to Ethereum itself and more general factors ranging from the crypto market to overall global financial market conditions. In this lesson, I share…

In the previous lesson, I covered what ether is and how it’s used in Ethereum. You learned that ether is used to pay for the computational resources and the transaction fees for any transaction executed on the Ethereum network. The next question is: Why does ether (ETH) have value? Utility As with most assets, value is often…

What is ether? Ether (ETH) is the built-in currency used in the Ethereum network. Like bitcoin (BTC), it can be seen as a digital asset used to store and/or transfer value on the blockchain. But ether’s main use case is to facilitate the computation of smart contracts and decentralized applications (dApps) on the Ethereum network. Anyone looking to build software on…

As I mentioned in the previous lesson about smart contracts, Ethereum is a computing platform that allows you to create and run smart contracts. A smart contract is a pre-programmed piece of software code (“computer program”) where once specified conditions are met, the code is automatically executed. Most developers who create smart contracts are actually doing…

Ethereum is known as a “smart contract platform“. A platform (or computing platform) is an operating environment in which a piece of software, like programs or applications, can be run (or “executed”). But what the heck is a smart contract? What is a Smart Contract? Smart contracts are automated computer programs that are hosted and executed on a…

Who created Ethereum? The answer is complicated but the simple answer is a bunch of folks. The “idea” of Ethereum originated from then 19-year-old Vitalik Buterin, computer programmer and co-founder of Bitcoin Magazine who REALLLY wanted more use cases for blockchain technology than supporting cryptocurrencies. So, in November 2013 Buterin leveled up his “Ultimate Scripting” project…

If “Ethereum” sounds like a sci-fi concept to you, that’s because it kinda is. The name Ethereum originated from “ether,” which was a hypothetical term for an invisible medium that fills all space and carries and distributes light. Ether doesn’t really exist, but the founder liked the cool name AND the idea of an underlying…