Ethereum blockchain platform

Abstract

There are several blockchain platforms for developing applications using blockchain technology. These can be classified into open-source and commercial ones. In this chapter, we propose comprehensive learning about Ethereum, one of the well-known open-source platforms for decentralized applications. Among its main advantages, Ethereum has the ability to integrate and use smart contracts, that is, pieces of code that enables the exchange of digital assets between several agents and the execution of code through distributed applications. Ethereum also has a fast block production, which provides high speed in confirming transactions with respect to Bitcoin and other networks. Besides, it is not controlled by any central authority, that is, Ethereum network is completely decentralized, being decisions made by consensus. In addition, it is a public network that allows for complete traceability and transparency of information with universal access to data from anywhere in the world.