If you want to know what is Etherium and how it works and where to buy it, this guige is for you. Important Note: This guide assumes a basic understanding of blockchain technology. If you’re unfamiliar with blockchain, check out this step by step introduction for beginners Bitcoin for beginners . What is Ethereum ? Beyond Bitcoin & first generation decentralized applications Although commonly associated with Bitcoin , blockchain technology has many other applications that go way beyond digital currencies. In fact, Bitcoin is only one of several hundred applications that use blockchain technology toda. Until relatively recently, building blockchain applications has required a complex background in coding, cryptography, mathematics as well as significant resources. But times have changed. Previously unimagined applications, from electronic voting & digitally recorded property assets to regulatory compliance & trading are now actively being developed and
Bitcoin is a cryptocurrency and a payment system invented by a programmer, or group of programmers, under the name of Satoshi Nakamoto . Bitcoin was introduced on 31 October 2008 to a cryptography mailing list and released as open-source software in 2009. There have been various claims and speculation concerning the identity of Nakamoto, none of which are confirmed. The system is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain , which uses bitcoin as its unit of account . Since the system works without a central repository or single administrator, the U.S. Treasury categorizes bitcoin as a decentralized virtual currency . Bitcoin is often called the first cryptocurrency, although prior systems existe and it is more correctly described as the first decentralized Digital Currency . Bitcoin is the largest of its k