Storm Play, a mobile app that uses blockchain technology to match people with tasks, letting them complete small gigs in five minutes or less, from any mobile device, anywhere in the world, and be rewarded in cryptocurrency. What is a decentralized application? TX Fee Gas Limit * Gas Price. Ethereum though, allows for much more utility through the use of smart contracts.
Ive listed the most important takeaways below: Ethereum was created by Vitalik Buterin Ethereum is a decentralized computer featuring smart contracts The Ethereum platform allows you to build decentralized applications (dapps) Ethereum will transition to a proof of stake (pos) consensus algorithm Thanks for reading! This means transactions on the ethereum blockchain on average will be much faster than on bitcoins. Use it for your own benefit. A smart contract is a digital contract which conditions are carried out automatically through self-enforcing logic.
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55 comments 68 Upvoted, what are your thoughts? Log in or Sign up log in sign up, sort. You can read Vitaliks thoughts on this here. The difference is an ICO does this through crowdfunding by utilizing blockchain technology. This is why Ethereum is referred to as a decentralized computer. Sometimes we forget how confusing this space can be to new individuals.