What Is Ethereum And How Does It Work Training Ppt


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Slide 1

This slide states that Ethereum is a worldwide decentralized software platform based on blockchain technology. It is well known for its native cryptocurrency, Ether, abbreviated as ETH.

Slide 2

This slide lists that in 2012, Vitalik Buterin developed the Ethereum concept, and in 2015 the Ethereum project was launched. In 2016, a Decentralized Autonomous Organization (DAO) attack was launched on Ethereum, and it was split into Ethereum and Ethereum Classic.

Slide 3

This slide lists how Ethereum works—starting from a developer constructing a decentralized application on the Ethereum blockchain to a new block being added to the blockchain and a miner fee being awarded to the winning miner.

Slide 4

This slide describes benefits of Ethereum, such as:

  • Autonomy: Helps eliminate third parties
  • Transparency: Documents are encrypted and stored on public ledger
  • Backup: Documents are replicated several times
  • Savings: No intermediary charges
  • Accuracy: Avoids mistakes caused by manual efforts

Slide 5

This slide describes how to get started with Ethereum. As the first step, create an Ethereum wallet and transfer funds to it. Then you can either purchase or sell ether, or use it for smart contracts.

Slide 6

This slide lists who all can make use of ether. Developers planning to create decentralized applications on the Ethereum blockchain, investors and traders, and Users who want to view and interact with smart contracts on the Ethereum network are willing to be the major stakeholders.

Slide 7

This slide differentiates between Bitcoin and Ethereum. Bitcoin is the first decentralized cryptocurrency founded in 2009 by an anonymous individual known as Satoshi Nakamoto, whereas Ethereum was developed by Vitalik Buterin, a cryptocurrency analyst and programmer, in 2015.

Slide 8

This slide lists the comparison between Bitcoin and Ethereum. Bitcoin has a Proof-of-Work (PoW) consensus algorithm, whereas Ethereum has a Proof-of-Stake (PoS) consensus algorithm. In PoS, block validators do not earn block rewards; instead, they collect network fees, known as gas, as their reward.

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