Ethereum is a Blockchain or Distributed Accounting Technology (DTL) with a fully coordinated Turing programming dialect, a blockchain PC, which allows anyone to compose clever contracts and decentralized applications by basically composing the logic in a couple of lines of code.

The Ethereum convention was initially considered as an improved adaptation of Bitcoin's digital currency, to overcome the impediments of its programming dialect, giving propelled reflexes, for example, authority over the chain of blocks, extraction limits, monetary contracts, sector of betting business, etc. . through an exceptionally summarized programming dialect.

In Ethereum, an essential variant of Namecoin, the decentralized database of name registration, can be composed in two lines of code, and different conventions, for example, currency frames and notoriety can work in less than twenty lines. Brilliant contracts, cryptographic "boxes" that contain estimates and only open if certain conditions are met, can also be consolidated on the stage, with considerably more power than that offered by the Bitcoin content due to the additional intensity of the Turing plenum.

The Ethereum convention does not "reinforce" any of the applications directly, but the presence of a dialect of total Turing programming hypothetically allows subjective contracts for an exchange or application. The most fascinating thing about Ethereum, however, is that the Ethereum convention moves far beyond the coin. The conventions on decentralized document storage, decentralized registration and decentralized expectations markets, among many other comparable ideas, can greatly increase the competition of the figurative business and give a great impetus to other conventions distributed by including a monetary level for the first time. . Finally, there is also a wide variety of uses that have nothing to do with cash in any stretch of the imagination.

WHAT IS ETHER?

Ether is the digital currency of Ethereum, the fuel that drives this stage of disseminated applications. It is a digital currency used by customers of the Ethereum stage to make deliveries to other people or machines that perform the requested tasks. That is to say, Ether is the motivation that guarantees that the engineers buy quality applications (the codification without sense costs more) and that the system stays solid (the individuals are remunerated by the assets delivered).

Ether's aggregate offer and its exit rate was chosen in the 2014 pre-bid. The key information is the one that accompanies:

• 60 million éther were made for pre-treatment citizens.

• 12 million were made for advance financing, most of it went to the main collaborators and engineers and the rest to the Ethereum Foundation.

• 5 éther are made for each square (every 15-17 seconds) for the square excavators.

• 2-3 Ether are sent in some cases to different miners in case they can discover an answer, but their box was excluded (called Uncle / Aunt to compensate).

As indicated by the terms used for all meetings in the 2014 presale, Ether's issuance is restricted to 18 million of ether per year (25% of the underlying offer). Although this rate should not be maintained from 2017, Ethereum will change its exploitation plan from Work Test (PoW) to Participation Test (PoS) under the code name Casper.

WHAT IS GAS?

Taking into account the ultimate goal of avoiding inadvertent, hostile and unlimited circles, or other computational waste in the code, each exchange is forced to establish a point farther from the number of computational steps of code execution that can be used. The main processing unit is "gas". In general, a computational advance costs 1 gas, however, some tasks cost higher gas measurements since they are more expensive from the computational point of view, or because they increase the measure of the information that must be kept as a characteristic of the state. There is also a rate of 5 gases per byte in the exchange information.

The purpose of the commission's framework is to force an aggressor to pay relatively for each asset it devours, including processing, data transfer capacity and capacity. In this way, any task that leads the system to devour a more notable measure of any of these assets must have a fairly high gas commission in relation to the expansion.