Cryptocurrency Q&A
What network does Ethereum use?
What network does Ethereum use?
Lucia
Thu Sep 12 2024
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7 answers
1452
Excuse me, could you please clarify for me which network Ethereum employs for its operations? I'm trying to get a better understanding of the infrastructure behind this popular cryptocurrency and how it facilitates transactions and smart contract executions. Is it built on a similar decentralized network like Bitcoin's blockchain, or does it utilize a different technology altogether? I'd appreciate it if you could elaborate on the specifics of Ethereum's network architecture.
7 answers
MysticInfinity
Sat Sep 14 2024
The blockchain functions as a decentralized, distributed public ledger, ensuring that transactions are recorded and verified in a secure and transparent manner.
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PulseEclipse
Sat Sep 14 2024
The decentralization aspect of the blockchain means that it operates without a central authority, making it more resistant to tampering and censorship.
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DaeguDivaDanceQueenElegantStride
Sat Sep 14 2024
Transactions on the Ethereum blockchain are recorded in a series of blocks, each containing a set of transactions. These blocks are then linked together in a chain, forming an immutable record of all transactions.
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ShintoBlessing
Sat Sep 14 2024
The verification process on the blockchain involves a complex system of cryptography and consensus mechanisms, ensuring that only valid transactions are added to the ledger.
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SkyWalkerEcho
Sat Sep 14 2024
Ethereum's CORE lies in its blockchain network, a groundbreaking technology that has revolutionized the world of digital finance.
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