How does the ethereum blockchain work?
The ethereum blockchain is one of the largest blockchain networks in the world that uses bitcoin protocol and unique serial design.
But its functions and modus operandi are different from bitcoin blockchain.
The Ethereum project aims to make its blockchain network accessible to smart applications and contracts.
Ethereum uses the “Turing-complete” programming language, which allows developers to write more software on the Ethereum blockchain.
Thus, the Ethereum project is highly flexible and effective in the operation of decentralized applications.
How does the ethereum blockworks work?
The structure of the Ethereum blockchain is very similar to that of the Bitcoin series, where all transactions are recorded and each node of the network stores a copy of the transaction record.
The difference lies in the way stored data is handled, where the ethereum contract depends on the storage of the latest state of each intelligent contract.
The Ethereum network must track the “status” and immediate information of all applications operating on the network, including the balance of each user.
The Bitcoin network relies on the output sands and results of unspent transactions to track the amount of Bitcoin.
It seems a bit complicated, but the image below explains the differences between ethereum and Bitcoin in the way data and transactions are processed :
Bitcoin’s conversion mechanism breaks down the total amount of the transfer as if it were real money and bitcoins are issued in a way that is somewhat similar to physical currencies.
The ethereum conversion mechanism shows eth codes in the wallet and can be transferred and transferred to another account, i.e. they are always located somewhere.
What is the default device in ethereum?
The default device in ethereum is a network of thousands of computers that process data.
Contracts written in smart programming languages are grouped into a special “bytecode” contract that allows the default device to read and execute them.
Each node in the Ethereum network contains a copy of the transactions, the date of the contract and the information to track the current situation, and each time a user implements some procedures all the contract on the network needs to reach an agreement before the desired change occurs.
Here is the process of decentralized collective agreement led by miners who collectively agree to transfer the transfer from one node to another.
The ethereum blockchain supports high-level software languages such as Solidity and Serpent that make it easier for humans to read and write.