Hello friends, hope you are doing good and enjoying your life. Today, I am going to introduce you to Ethereum accounts. I have given you an introduction to blockchain in my previous tutorials, so let’s get started on the essentials of this technology. I am going to start with accounts.
Ethereum Accounts
An account is an important component of the Ethereum system.
It is the main building block and has a balance in ether (ETH) (Ethereum currency).
An account is capable of sending transactions on the Ethereum network.
The interactions between different accounts create transactions that are stored in the distributed database.
Each transaction involves the sender account, receiver account and contract account.
An account can be controlled b ...
Hello friends, Hope you are doing good. In my last tutorial, I gave you an introduction to blockchain technology and this article is the second one of this series. Today I am going to talk about Ethereum. In simple words, Ethereum is an open-source platform of blockchain technology. But unlike the bitcoin blockchain, it offers more functionality. The blockchain in bitcoin tracks bitcoins only. It tracks the ownership and transfer of bitcoins. While Ethereum is not only a payment network for cryptocurrency but also termed as the world computer due to its wide functionality. First, let’s go through the key introductory points of Ethereum, and then we will dive into the details:
What is Ethereum Blockchain?
Ethereum blockchain is an open-source g ...
