Ethereum launched in summer 2015 with the aim of expanding the use cases of blockchain and cryptocurrency to encompass all manner of decentralized applications beyond Bitcoin’s initial scope, from permissionless financial services and crowdfunding to new organizational structures.
Ethereum was envisioned as a “global computer” that would allow developers to publish and execute apps powered by smart contracts — programmable scripts that facilitate the flow of digital assets.
Ethereum’s native cryptocurrency, Ether (ETH), not only provides an incentive structure similar to Bitcoin (BTC) in securing and maintaining the network but is also used as “gas” to run transactions through smart contracts. This functions as a security measure to protect the network from inefficient code and attacks by malicious actors.
At Cointelegraph, we are chronicling the progress of the Ethereum space. Will it become essential infrastructure for a more open, freer internet? Or will it be surpassed by other smart contract (or traditional) platforms vying for mind and market share?
What is Nervos Network (CKB)? The Nervos Network (CKB) is an open-source public blockchain ecosystem. The platform was named after the human nervous system, as it plays a similar function in the market: allowing various systems to connect with one another. To increase market interoperability, the network has a unique dual-layer design. This design also adds functionality and scalability to the platform. CKByte (CKB) is its native utility token.
Kadena is a public blockchain that optimises scalability and features a new smart contract language called Pact, which includes formal verification and upgradeable smart contracts. Kadena also employs a novel proof of work (PoW) consensus mechanism known as Chainweb, which consists of numerous independently mined chains operating in parallel to process network transactions. This approach potentially allows for large transaction throughput at the base layer without requiring second-layer scalability or feature solutions.
What is Ethereum Classic Ethereum Classic (ETC) is a decentralised platform that runs smart contracts or applications that aim to run exactly as programmed without worrying about third-party interference, downtime, censorship, or fraud. Ethereum Classic represents the continuation of the original Ethereum blockchain post exploit, which resulted in millions of stolen Ether.