Ethereum is a decentralized platform that runs smart contracts without any downtime, fraud, and third-party interference and also has its own cryptocurrency called Ether.

Features of Ethereum

• Secured

• Community

• Corporate Friendly Assets

• Fast

• Uncensored

Gas in Ethereum

Gas is the fundamental block of the Ethereum ecosystem that is paid for every operation performed on the Ethereum Blockchain. Its price is expressed in ether, and the miner decides whether to refuse the transaction process or not based on the expected gas price.

Ether

Ether is a necessary element needed for operating the Ethereum platform.

An incentive that the client of the platform pays to execute requested operations. It ensures that the developers write error-free codes because unnecessary codes will increase the cost.

Bitcoin vs. Ether

Ethereum Wallets

The place to securely store the ether is called wallets.

• Paper Wallet

• Mobile Wallet

• Desktop Wallet

• Hardware Wallet

Ethereum Virtual Machine (EVM)

An engine that executes translation code. Smart contracts are compiled into bytecode which an EVM can read and execute.

Ethereum Languages

Contracts are compiled into EVM bytecode and deployed to Ethereum Blockchain for execution.

Solidity: Similar to C and JavaScript

Julia: Intermediate language for different EVMs

Serpent: Similar to Python

LLL: Low-level Lisp-like Language

Mutan: Go-based language

Vyper: Derived from Python