Wetin bi Ethereum?
Di foundashon for awa fushure wey dey dijital
Di komplete boginna's guide to di way Ethereum dey work, di benefits e dey bring and di way millions of pipol around di world dey yus am.
Summary
Ethereum na network of komputas wey dey for di world dey folow rules wey dem set and dem dey koll am di Ethereum Protocol. Di Ethereum network dey do like di foundashon for join body dem, aplikashon dem, organizashon dem and digital asset dem wey anybody fit build and yus am.
Yu fit kreate Ethereum akant from anywia, by any taim, and yu fit eksplor plenti app abi make yu build yor own. Di main innovashon bi say yu fit do all dis and yu nor nid to trust any sentral pawa wey fit shange di rule dem abi komot yor asess.
- Free and global Ethereum accounts
- Pseudo-private, no personal information needed
- Without restrictions anyone can participate
- No company owns Ethereum or decides its future
Yu wan sabi wetin Ethereum fit do?
Bank wey dey for evryone
No be efribody get rite to finashia savis. Di only tin wey yu nid na intanet koneshon wey go allow yu get Ethereum and di lending, borrow and saving products wey then build on top am.
Intanet wey dey open
Anyone fit interact wit Ethereum network abi build aplikashons on top am. E make am posibol make yu fit kontrol yor own assests and identity, insted of dem few mega-koporashons to dey control am.
One peer-to-peer network
Ethereum dey alow yu koordinate, make agriments abi even transfa digital assets straight wit plenti pipol. Yu nor nid to rely on pipol wey dey always do midol-men.
Sensorship resistant
Nor gofament abi kompany get kontrol ova Ethereum. Desentralizashon dey make am nor dey posibol for anyone to stop yu to dey risiv payment abi dey yus savis on Ethereum.
Commerce guarantees
Kutomas get one sijure, guarantee wey wi build inside sey fund go only shange if yu provide wetin wi gri, Likewise, developas fit dey sure sey di rules nor go shange on dem.
Products wey dey komposabol
Dem build all app on di same blockchain wit one shia global state, wey mean sey dem fit build am on top ish oda (like Lego bricks). Dis dey alow for beta product and ekspiriens and assurans say nor body fit rimuv anytin on top di app.
Why I go wan yus Ethereum?
If yu get intrest for plenti resilient, open and trustworthy ways to koordinate globally, kreate organizashons, build apps den kome folow shia value, Ethereum na for yu. Ethereum na one story wey all of us join hand write, so follow kome si di plenti new tins wey dey hapun wey wi fit build wit am togeda.
Ethereum don dey invaluabol for pipol wey don get trust issues konsanin sikutity abi soundness abi di way dia assets go dey muv via say external forces dey wey noe dey dia kontrol.
Ethereum as e dey plenti
Who dey run Ethereum?
Ethereum is not controlled by any particular entity. It exists whenever there are connected computers running software following the Ethereum protocol and adding to the Ethereum . Each of these computers is known as a node. Nodes can be run by anyone, although to participate in securing the network you have to ETH (Ethereum’s native token). Anyone with 32 ETH can do this without needing permission.
Even the Ethereum source code is not produced by a single entity. Anyone can suggest changes to the protocol and discuss upgrades. There are several implementations of the Ethereum protocol that are produced by independent organizations in several programming languages, and they are usually built in the open and encourage community contributions.
Wetin bi Smart kontracts dem?
Smart contracts are computer programs living on the Ethereum blockchain. They execute when triggered by a transaction from a user. They make Ethereum very flexible in what it can do. These programs act as building blocks for decentralized apps and organizations.
Have you ever used a product that changed its terms of service? Or removed a feature you found useful? Once a smart contract is published to Ethereum, it will be online and operational for as long as Ethereum exists. Not even the author can take it down. Since smart contracts are automated, they do not discriminate against any user and are always ready to use.
Popular examples of smart contracts are lending apps, decentralized trading exchanges, insurance, quadratic funding, social networks, - basically anything you can think of.
Make yu meet ether, Ethereum cryptocurrency
Many akshons on di Ethereum netwok dey rikwaya some kain work make dem do on Ethereum's embedded computer (wey dem sabi as di Ethereum Virtual Machine). Dis computashon nor dey fri; dem dey pay for am using Ethereum's native cryptocurrency wey dem dey koll ether (ETH). E mean say yu nid at least smoll amount of ether make yu fit yus di network.
Ether dey purely digital, and yu fit send am to anybody anywia for di world instanta. Di supply of ether nor dey kontrolled by any gofament abi kompany - e dey desentralize and transparent kpatakpata. Ether get issue based on di protokol, only to stakers wey dey sikure di netwok.
How about hau Ethereum dey yus enargi?
On September 15, 2022, Ethereum went through The Merge upgrade which transitioned Ethereum from to .
The Merge was Ethereum's biggest upgrade and reduced the energy consumption required to secure Ethereum by 99.95%, creating a more secure network for a much smaller carbon cost. Ethereum is now a low-carbon blockchain while boosting its security and scalability.
I hear say dem dey yus crypto as tool for criminal runs. Na true?
Just like any tecknologi, pipol go dey misyus am somtaims. Anyhau e bi, bikos all Ethereum transashons wey dey hapun on open blockchain, e always dey izy for authoritis to track aktivitis wey bad wella pass di way e for bi for tradishonal finanshial system, wey nor dey make Ethereum bi shoise for doz wey go rada go undetekted.
Dem dey yus crypto less dan fiat currensis for kriminal puposes according to d key findings of one risent riport wey Europol, d European Union Agency for Law Enforcement Kooperashon, riliz:
The yus of cryptocurrencies for bad tins to spoil only smoll part of di komplit cryptocurrency ekonomy, and e look like say e dey smoll pass di amount of bad funds wey dey involve for tradishonal finans
Wetin bi di difrens bitwin Ethereum and Bitcoin?
Dem launch sinse for 2015, Ethereum dey build on top wetin Bitcoin build already, e still get some big difrens.
Both let you use digital money without payment providers or banks. But Ethereum is programmable, so you can also build and deploy decentralized applications on its network.
Bitcoin dey make us send basik messages from one pesin to anoda pesin about wetin wi tink say get value. To dey establish value wey nor get authority dget pawa already. Ethereum folow stretch dis: pass make e just be messages, yu fit write any general program, abi kontract. E nor get any limit to di kain of kontract wey fyu it kreate and gri upon, as e be like dis, big-big tins dey hapun on top di network.
As Bitcoin bi network wey dey only for payment. Ethereum dey more like marketplace of finashal savis, games, soshial netwoks and oda apps.
Further ridin
Week wey dey Ethereum News Weekly newletter wey dey kova di main di main divelopment for di whole ecosystem.
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