The blockchain is a new technology that enables users to create their own digital currencies, run decentralized applications, and store data without the need for a third party. The blockchain can work as an open source protocol or as part of an app built on top of it.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
The Ethereum Virtual Machine (EVM) is the runtime environment for smart contracts in Ethereum. It’s so successful because it allows developers to build these complex programs once but deploy them across potentially millions of devices in seconds by running them on all nodes at once
There are many good platforms for developing blockchain applications.
You can choose from many different platforms for developing blockchain applications. Each platform has its own strengths and weaknesses, but you should choose the one that is best for your specific project. Following are the list of some more common development platforms:
There are many good platforms for developing blockchain applications. Ethereum is one of the most popular platforms, but it is not the only option. We hope this article has helped you understand how blockchain technology works and which platform might be right for your project.