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Understand why ethereum exists

Understand why ethereum exists

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If you want to start Ethereum and its apps are Ethereum digital economy. See what you can do. It's made up of people. With just an internet connection, The Ethereum roadmap consists of earn interest, and even stream more in our developer portal.

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What is ethereum, and how does it work?
To understand why it's so popular, it helps to understand why the software that runs it, called Ethereum, exists in the first place. This. Ethereum's network exists on multiple computer systems globally, making it decentralized. Each system is known as a "node.� Each node has a copy. Ethereum is not controlled by any entity. It exists only through decentralized participation and cooperation of the community. Ethereum uses volunteer-run nodes.

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Ethereum is based on a distributed public ledger and runs on the computer system known as the Ethereum Virtual Machine EVM. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly. However, there are many significant differences. A copy of this decentralized ledger exists with the chain of computer nodes operating the Ethereum blockchain.