"Bitcoin is blockchain 1.0, and Ethereum is blockchain 2.0." The legendary founder of Ethereum, Vitalik Buterin, a genius prodigy, is called "V God".
Bitcoin is a distributed ledger with the main function of accounting. Ethereum can be understood as a distributed computing platform, not only can be booked, but also can run programs on it. But unlike Bitcoin, Ethereum provides a Turing-complete scripting language, which means that we can develop small programs on Ethereum. In the Ethereum network, the fees paid and the system rewards the nodes with Ethereum.
If Ethereum is just a distributed computer, you can run the program on it, which is not enough to make it a "blockchain 2.0." The real killer of Ethereum is its ability to have smart contracts. Simply understand, a smart contract is a contract that replaces the legal language record terms with a computer language and is automatically executed by the program.
We can see that Bitcoin only realizes the transaction record can not be falsified. With the Ethereum of smart contract, it is really a "trust intermediary", no need for a third party to guarantee.
In 2015, Ethereum was officially launched, and the little prodigy was 21 years old. "Ether" is a substance envisioned by the ancient Greek philosopher Aristotle. The physicists of the 19th century believed that it was a medium of imaginary electromagnetic waves.
On June 17, 2016, The DAO, an application on Ethereum, functions like an investment institution. Because of code hacking, hackers have stolen more than 3 million Ethereum, which was worth $60 million. The price of the currency fell sharply.
To this end, Ethereum forked, and forked out the current Ethereum (ETH, changed the Ethereum code) and Ethereum Classic (ETC, did not change the code).
It must be said that in terms of technology, V God is undoubtedly a pragmatic leader, and some people call him a low-key genius.