kentzlip21
Honorary Poster
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- Jul 1, 2015
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View attachment 2404669
Ethereum founder, Vitalik Buterin
Ethereum was first conceptualized in late 2013 by You do not have permission to view the full content of this post. Log in or register now. who proposed a You do not have permission to view the full content of this post. Log in or register now. titled, “Ethereum: A Next-Generation Smart Contract & Decentralized Application Platform”.
In this whitepaper, Buterin introduced an entirely new concept for blockchain technology, describing Ethereum as a distributed world computer for executing and storing computing programs
Immutable
Once a smart contract is deployed, its code is immutable. It can never be changed, häçked, or manipulated. This also means smart contracts never shut down unexpectedly and can never be switched off.
Deterministic
A smart contract will execute exactly how it’s supposed to, there is no randomness involved. The outcome of a smart contract’s execution will be the same for everyone who runs it, given its starting condition or initial state that executed the contract is the same.
Self-Executing
A smart contract’s code self executes based on specific outcomes and therefore does not require a trusted third party or intermediary.
Very nice noh..
one of my favorite digital asset
Ethereum founder, Vitalik Buterin
Ethereum was first conceptualized in late 2013 by You do not have permission to view the full content of this post. Log in or register now. who proposed a You do not have permission to view the full content of this post. Log in or register now. titled, “Ethereum: A Next-Generation Smart Contract & Decentralized Application Platform”.
In this whitepaper, Buterin introduced an entirely new concept for blockchain technology, describing Ethereum as a distributed world computer for executing and storing computing programs
Immutable
Once a smart contract is deployed, its code is immutable. It can never be changed, häçked, or manipulated. This also means smart contracts never shut down unexpectedly and can never be switched off.
Deterministic
A smart contract will execute exactly how it’s supposed to, there is no randomness involved. The outcome of a smart contract’s execution will be the same for everyone who runs it, given its starting condition or initial state that executed the contract is the same.
Self-Executing
A smart contract’s code self executes based on specific outcomes and therefore does not require a trusted third party or intermediary.
Very nice noh..
one of my favorite digital asset
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