How does the Flow blockchain compare to Ethereum?
What is Ethereum?
Build a token bridge You weren’t sure, so you asked your neighbor and he didn’t know either. That’s okay though: this guide will tell him everything he needs to know about one of the world’s most exciting cryptocurrencies — Ethereum .
We’ll discuss everything from what Ethereum is, to how to actually buy it, to where to store your newly acquired Ether coins. On that note though, I can tell you ahead of time: the best places to buy Ether coins are going to include Coinbase , Simplex , and Binance . As for storage, cold wallets are your best bet, namely the Ledger Nano S and Trezor .
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What is Ethereum: a brief history
What is Ethereum: 2012, 17-year -old Vitalik Buterin was introduced to Bitcoin by his father and became very interested in its technology. Vitalik started writing for Bitcoin Magazine and suggested improvements to the Bitcoin platform. When these improvements were not made, he decided to make his own cryptocurrency instead of his.
His brainchild was Ethereum , and it got off the ground in 2015. Since it started, the price of Ethereum has gone up a lot and it now has a “market cap” of $44.7 billion (that’s the total value of all of the Ethereum coin in existence). the world today). So why is Ethereum going up?
How Does Blockchain Work?
Blockchain was born in 2008 with the Bitcoin cryptocurrency, it was popularized by Satoshi Nakamoto, whose identity has not been clarified at all.
One of the main objectives of Blockchain technology is to answer the following question; How can anonymous Internet users send money to each other without having a central server?
The solution has been to store the history of payments or transactions not on a server, but on many individual computers (nodes) distributed on the Internet.
What is the application of Blockchain in logistics?
The core value of Logistics is the ability to manage the flow of things between the point of origin and the point of consumption to meet the needs of customers or companies. Resources managed in logistics can include tangible assets such as materials, equipment, and supplies, as well as food and other consumable items.
Therefore, one of the main activities is to control the flow of products, to keep track of the positions of merchandise, the exchange of product SKUs between the different parts of the supply chain and others. In view of the increasing complexity of the Internet of Things, the needs of supply chain actors, the need for autonomous financial flow contracts, Cross chain bridge development centrally controlled systems will no longer suffice at some point and it will be necessary to use the decentralized blockchain technology and smart contracts.