Ethereum 101: The First Smart Contract Blockchain

Jonathan Hobbs

5 months ago7:39 mins

Ethereum 101: The First Smart Contract Blockchain

Ethereum is a major player in the crypto market, with a huge first-mover advantage in processing complex crypto transactions. If you’re investing in crypto or thinking about buying in, it’s probably already on your radar. And if it’s not, well, it should be. Here’s my guide to what Ethereum is and how it works.

Ethereum’s origin story

Vitalik Buterin wrote the Ethereum white paper in 2013. He was just 19 years old at the time, but the Russian-born Canadian was onto something big.

At the 2014 North American Bitcoin Conference in Miami, Buterin compared Ethereum to Bitcoin with an analogy. Bitcoin is like “simple mail transfer protocol” (SMTP), which lets you send and receive email. Ethereum is like the programming language of the internet (Javascript), which developers use to build a r

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