What applications were developed on Ethereum?
To fully understand Ethereum, what it does, and how it can potentially impact our society, it is important to learn what its main properties are and how they differ from standard approaches.
First of all, Ethereum is a decentralized system, which means that it is not controlled by any governing entity. The absolute majority of online services, companies and businesses are based on a centralized governance system. This approach has been used for hundreds of years, and while history has shown time and time again that it is flawed, its application is still necessary when parties do not trust each other.
A centralized approach means control by a single entity, but it also means a single point of failure, making applications and online servers that use this system extremely vulnerable to hacker attacks and even power outages. Additionally, ethereum token development most social media and other online hosts require users to provide at least some degree of personal information, which is then stored on their servers.
Ethereum has the potential to open up the world of decentralized applications even for people without any technical background. If this happens, it may become a revolutionary leap for Blockchain technology that will bring it closer to mass adoption. The network is currently easily accessible through its native Mist browser, which provides a user-friendly interface as well as a digital wallet for storing and trading Ether. Most importantly, users can write, manage, and deploy smart contracts. Alternatively, the Ethereum network can be accessed through a MetaMask extension for Google Chrome and Firefox.
The Ethereum platform has the potential to profoundly disrupt hundreds of industries that currently rely on centralized control, such as insurance, finance, real estate, etc. Currently, the platform is being used to build decentralized applications for a wide range of services and industries. Below is a list of some of the more notable ones.
Gnosis — A decentralized prediction market that allows users to vote on anything from the weather to election results.
EtherTweet — This app takes its functionality from Twitter, providing users with a completely uncensored communication platform.
Etheria — It feels and looks a lot like Minecraft, but it exists entirely on the ethereum blockchain.
Weifund — An open platform for crowdfunding campaigns that implements smart contracts.
Uport — Provides users with self-sovereign identification that allows them to collect verifications, log in without passwords, digitally sign transactions, and interact with Ethereum applications.
Provenance — The objective of the project is to create an open and accessible information framework so that consumers can make informed decisions about their purchases. This is done by tracing the origins and history of the products.
Augur — An open source prediction and forecasting marketplace that rewards correct predictions.
It contains many of the same functions as a traditional nation, such as insurance, education, identity cards, diplomacy programs, including those for ambassadors and refugees, and many more.
Ethlance — A freelance platform to exchange work for Ether rather than any other currencies.
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A full list of decentralized apps, which at the time of writing contained 867, can be found on the State of dApps website .
How to get Ether
There are two main ways to get Ether: buying it and mining it.
The most common and perhaps the most convenient way to buy Ether is by buying it on exchanges. All you have to do is find an exchange that trades Ether and operates within your jurisdiction, open an account and use either your bank account, transfer bank or, in some cases, even your bank card to buy Ether tokens. These will need to be kept in a wallet, which can be provided by the exchange itself, the native Ethereum Mist browser, or by other specialized services.
Alternatively, you can get Ether through peer-to-peer trading, paying for it with any agreed-upon currency, including Bitcoin and other cryptocurrencies. Peer-to-peer trading is quite popular among Bitcoin users. However, due to the virtually unlimited supply of Ether tokens and the Ethereum platform not putting complete user anonymity at the forefront of the system, Ether is generally obtained through exchanges.
Another way to get Ether tokens is by mining them. Mining Ethereum uses proof of work, which means that miners contribute their computing power to solve a complex mathematical problem in order to “seal” and confirm a block of actions within the network. Miners who successfully complete this task receive a reward for each mined block. create erc20 token
