Ethereum algorithm name

Ethereum Algorithm Explained - Mycryptopedi

The Ethereum algorithm is known as Ethash, which is the algorithm that underpins Ethereum's proof of work mining process Ethereum (Ether) Mining Ethereum's proof-of-work algorithm is called Ethash. The Ethereum developers claim that this algorithm is memory hard, which makes it ASIC resistant. While Ethereum is currently proof of work, it is expected to become proof of stake in its next update

Ethereum (Ether) Mining How-To & Guid

  1. ing often uses ASICs
  2. Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH) is the native cryptocurrency of the platform. It is the second-largest cryptocurrency by market capitalization, after Bitcoin. Ethereum is the most actively used blockchain. Ethereum was proposed in 2013 by programmer Vitalik Buterin
  3. I hashed the word testing using Ethereum and the 2 SHA3 hashing algorithms: Ethereum SHA3 function in Solidity = 5f16f4c7f149ac4f9510d9cf8cf384038ad348b3bcdc01915f95de12df9d1b02. Keccak-256 = 5f16f4c7f149ac4f9510d9cf8cf384038ad348b3bcdc01915f95de12df9d1b02. SHA3-256 (NIST Standard) = 7f5979fb78f082e8b1c676635db8795c4ac6faba03525fb708cb5fd68fd40c5
  4. Im Juli 2015 wurde die Ethereum-Beta mit dem Namen Ethereum Frontier veröffentlicht. Ethereum Frontier war das Grundgerüst für Ethereum, und die Hauptfunktionen bestanden in der Implementierung eines Proof-of-Work-Algorithmus und verteilt ausgeführten Programmen, sogenannte Smart Contracts

Ethereum Mining Algorithm Ethereum 1.0 once used Dagger-Hashimoto as its go-to mining algorithm. Since then, Ethereum has upgraded to Ethash. Nevertheless, you'll notice on the NiceHash website that Ethereum mining with this platform still relies upon Dagger-Hashimoto Ethereum currently uses a mining algorithm called Ethash. For practical purposes, this simply means that Ethereum is moderately ASIC-resistant. ASICs built specifically for Ethereum mining will not perform much better than high-end, general purpose GPUs. This also means that ASICs built for Bitcoin mining will not mine Ethereum efficiently codeHash - this hash refers to the code of an account on the Ethereum virtual machine (EVM). Contract accounts have code fragments programmed in that can perform different operations. This EVM code gets executed if the account gets a message call. It cannot be changed unlike the other account fields. All such code fragments are contained in the state database under their corresponding hashes for later retrieval. This hash value is known as a codeHash. For externally owned. Ethash ist ein Proof-of-Work-Mining-Algorithmus, der vom Ethereum-Netzwerk und von Ethereum-basierten Kryptowährungen implementiert wird. Ethash ist ein Nachfolger des früheren Ethereum-Algorithmus mit dem Namen Dagger-Hashimoto und ist tatsächlich ein Upgrade davon. Die derzeitigen Entwicklungsstadien beider Algorithmen machten sie jedoch zu unterschiedlich, um als ein Algo angesehen zu werden. Ethash verwendet die Hash-Algorithmen Keccak-256 und Keccak-512, was aufgrund der.

How to Mine Ethereum (ETH) Coins for Beginner

This is the case of Ethereum's algorithm which is named ethash. Its set of operations is constant in time while the memory area those operations make use of, named DAG, increases at a constant rate.. Ethereum is an account-based blockchain with smart contract capabilities. Being account-based, each account is associated with addresses and these can be modified by operations grouped in blocks and sealed by Ethereum's consensus algorithm, Proof-of-Work. There are two categories of accounts: user accounts and contract accounts Ethereum network employs a memory hard version of PoW called Ethash to avoid centralization of hashing power. It is difficult to build ASICs for such algorithm. This uses a custom generated dataset called DAG, based on algorithms called Dagger and Hashimoto, thus the name DAG Besides Ethereum, you can also use ETHminer to mine all coins based on the Ethash algorithm, including Expanse, Ellaism, Metaverse, Musicoin, Pirl, Ethereum Classic, and others. ETHminer is a command-line software. This implies that you either launch it from a Linux console or Windows' command prompt, or you can create shortcuts to preset.

Ethereum - Wikipedi

On the other hand, ECIP-1049 proposes to change the network to Ethereum 's SHA-3 or Keccak mining algorithm. This would allow specialized mining hardware (SHA-3 ASICs) to be introduced to increase the security of the Ethereum Classic network. On this proposal, the ETC Labs publication states the following Ethereum implements this paradigm in a generalised manner. Furthermore it provides a plurality of such resources, each with a distinct state and operating code but able to interact through a message-passing framework with others. We discuss its design, implementation issues, the opportunities it provides and the future hurdles we envisage. 1. Introduction With ubiquitous internet connections. Bitcoin uses SHA-256 hash function and Ethereum currently uses Ethash Proof of Work hashing algorithm. In the near future Ethereum will no longer support PoW as it will completely switch over to Proof of Stake. Litecoin on the other hand uses Scrypt algorithm. Apart from Litecoin; Scrypt algorithm is also being used on various other PoW blockchains. Previously we've covered about SHA-256. Seit August 2020 wird Ethereum durch einen Proof-of-Work-Algorithmus namens Ethash gesichert, der zur Keccak-Familie der Hash-Funktionen gehört. Es gibt jedoch Pläne, das Netzwerk auf einen Proof-of-Stake-Algorithmus umzustellen, der an die große Aktualisierung von Ethereum 2.0 gekoppelt ist, die Ende 2020 oder Anfang 2021 gelauncht werden soll

Etchash is a heavyweight PoW algorithm used by Ethereum Classic. The algorithm is different, because it uses the DAG file that is loaded into GPU memory at the moment of miner launch. An epoch change takes place every 60000 blocks and leads to an increase in size of the DAG file by 8 MB. Ethereum Classic are mined using NVIDIA and AMD graphics cards. On November 28 Ethereum Classic has. It's an extension of the current Ethereum algorithm Ethash and is designed to make graphics cards more competitive and minimize centralization. These tasks are achievable thanks to two algorithm features. It regularly changes the statement of problem in mining. ProgPoW uses all components of graphics cards to their full extent. The latter point is especially important because ASICs have a. Details about Ethereum's Escalator Algorithm Ichiba states that the Escalator is a counter proposal that is very similar to the mechanism of EIP-1559 and, in its motivations and objectives, the proposals are identical. It is also similar to the current model, which would contribute to its implementation, but they differ on several key points: Rather than submitting a transaction.

A new algorithm called Progressive proof of work is now the main agenda of ethereum's core team. The purpose of this new algorithm is to make mining more accessible. However, there are no concrete plans for this algorithm's implementation, but developers hope that this will make mining with GPU more profitable in the future We are only going to list mineable coins that uses Ethash algorithm. The below listing order is based on coin's popularity. Ethereum - ETH; Ethereum Classic - ETC; Metaverse ETP - ETP; Expanse - EXP; Musicoin - MUSIC; Ellaism - ELLA; Elementrem - ELE; WhaleCoin - WHL (Not Minable) DaxxCoin - DAXX; Bowhead - AHT (Not Minable) Ethereum Fog; 1. Ethereum - ET Ethereum works similarly to bitcoin. It is, in fact, a decentralized ledger that is updated and verified by its users. A mining algorithm called Ethash is used for mining ethereum. Following is a step-by-step guide on how to start mining your own ethereum Ethereum, second-largest cryptocurrency in the market, one of the most known ones is going to be updated. And those are not cosmetic changes. First: is this going to be a new coin? Well, the answer is kind of. I know some of you might be asking that question right now since there are lots of similarly named cryptos in the market. There is a. Mining algorithm. Despite Ethereum and Bitcoin using the PoW consensus mechanism, they don't use similar hashing algorithms. Bitcoin uses the SHA-256 encryption algorithm, while Ethereum uses Ethash. Bitcoin's SHA-256 allows for the use of highly specialized equipment called ASICs (Application Specific Integrated Circuit chips)

At the time, the Ethereum Foundation decided to implement the original Keccak algorithm, as proposed by its inventors, rather than the SHA-3 standard as modified by NIST. Warning While you may see SHA-3 mentioned throughout Ethereum documents and code, many if not all of those instances actually refer to Keccak-256, not the finalized FIPS-202 SHA-3 standard The Ethash mining algorithm Ethereum uses utilizes a DAG (directed acyclic graph) file, which is a data block uploaded into the memory of the video card. This means you may have to upgrade your GPU's memory when the DAG reaches a certain size First you need a computer, or graphics card, that is capable of computing an algorithm that it attempts to solve in order to generate some Ether. For Ethereum, the 'block' that your video cards are attempting to find generates on average every 15 seconds. That means every 15 seconds, the Ethereum network pays to whomever found the block, 5 Ethereum (this value may change over time) No, it is SHA-3, though a slight variant, because NIST only released SHA-3 in August 2015, while Ethereum development started in December 2013. So you will sometimes see our algorithm referred to just as Keccak, to distinguish it from standard SHA-3 The Ethereum mining software supports both AMD and Nvidia cards and can be run on Windows and Linux. PhoenixMiner Ethereum GPU miner software perfectly suits Windows 10. You can use PhoenixMiner to mine other coins based on the ethash algorithm (Ethereum Classic, MOAC, etc.) The developers require a 0.65% of the fee for each miner. This is the lowest commission in our list

Ethash (Dagger Hashimoto) is a cryptocurrency algorithm explicitly developed for Ethereum mining. This hashing algorithm is based on two different algorithms: Dagger, created by Vitalik Buterin, and Hashimoto (the name consists of the words hash, shift, and modulo), developed by the programmer Thaddeus Dryja And, what we call eth1 in this context is Ethereum's rich application-layer, and similarly, eth1 clients (after the upgrade to proof-of-stake) are the software that does the heavy lifting in this layer. Ethereum's application-layer is currently driven by a proof-of-work consensus algorithm but will soon be driven by the beacon chain - the proof-of-stake consensus mechanism that is currently in production and secured by ~3.5M ETH The hashing algorithm used is called Ethash - a modified version of the Dagger-Hashimoto algorithm - and the consensus used is the standard Proof of Work. For more ETC information, visit our History of ETC. Ethereum Classic Team. The team behind the Ethereum Classic contains software engineers and professionals, working on the core projects. Ethereum is a decentralized, open-source blockchain featuring smart contract functionality. Ether (ETH) is the native cryptocurrency of the platform. It is the second-largest cryptocurrency by market capitalization, after Bitcoin. Ethereum is the most actively used blockchain. Ethereum was proposed in 2013 by programmer Vitalik Buterin.Development was crowdfunded in 2014, and the network went.

Which cryptographic hash function does Ethereum use

Ethereum uses a proof-of-work algorithm called Ethash, and the Dagger-Hashimoto algorithm was the first version of that. Vitalik Buterin and the Ethereum team created it by marrying aspects of two other algorithms—not surprisingly named Dagger and Hashimoto. The Dagger-Hashimoto algorithm is a memory-hard algorithm and resistant to ASIC use 743k members in the ethereum community. Next-generation platform for decentralised applications

  1. Config file can contain common params and algorithm params (in sections with corresponding algorithm names). Section names can be defined as Ethash, Etchash, KawPow, Octopus, Ubqhash, RandomX, Verushash, Autolykos or Zilliqa. Configuration file must be in the following format
  2. e ethereum, is already fairly ASIC-resistant. It is an adaptation of bitcoin's Proof of Work (PoW) algorithm and uses Decentralized Acyclic Graphs (DAG)...
  3. Ethereum (ETH) $2,421.01. 0.0392263322 BTC. Down -2.09% in the last 24 hours. Down -4.85% since all time high Ethereum to USD Price Converter. 24 Hour Low/High: Low 24h: $2,356 | High 24h: $2,544. All Time High

Model A10 ETHMaster (432Mh) from Innosilicon mining EtHash algorithm with a maximum hashrate of 432Mh/s for a power consumption of 740W. Search here Categories Bitcoin Miners Blake256R14 Miners Eaglesong Miners Equihash Miners EtHash Miners Ethereum Miners GRIN Miners Installation Service Lyra2REv2 Miners Profitable Miners PSU SHA-256 Miners Tensority Miner X11 Miner Ethereum 2.0, also known as Serenity is a long-awaited update to the Ethereum network, significantly improving the security and scalability of arguably the world's most popular Blockchain protocol. Above all, it will reduce power consumption and enable the network to process more transactions. The most important improvements from the technical side are to be the transformation of Ethereum into a proof-of-stake blockchain and the introduction of fragmented chains Instead of mining Ethereum 24/7, you might occasionally run some other algorithm, and it's all managed by the software, which usually (but not always) manages to do a good job Was sind die Vorteile von Ethereums Signatur Algorithmus? Mit Ethereum Signatur Algorithmus kannst die Endgültigkeitszeit und den Overhead reduzieren und mehr Shards erstellen. Dadurch ist das Verfahren, abgesehen von der Komplexität der elliptischen Kurvenpaarungen selbst, sehr einfach. Es ist also überprüfbar, da es nur eine mögliche Signatur pro Prüfer gibt und es kompatible mit anderen Systemen ist Myriad (XMY) Multi Algorithm based cryptocoin; Quark (QRK) Quark-based alternative cryptocoin; Copper Lark (CL) SHA-3 Keccak based cryptocoin; Mining Super Zero (SERO) Using the ProgPoW Algorithm on Nvidia GPUs; Have Some Spare CPU Power, Mine HOdlcoin With It; New and Improved Ethereum Wallet 0.3.9 (Beta 6) Release

Name Type Mining Algorithm Consensus Algorithm Network Id Chain ID; Ethereum Classic: Mainnet: Etchash: Proof of Work (PoW) 1: 61: Kotti: Testnet: Clique: Proof of Authority (PoA) 6: 6: Mordor: Testnet: Etchash: Proof of Work (PoW) 7: 63: Astor: Experimental: Keccak256: Proof of Work (PoW) Helmsdeep: Experimental: Etchash: Proof of Work (PoW. Ethereum was trading from $100-140 at the beginning of 2019. In April, the first upward trend began. Ethereum began to rise rapidly, tracking the price of Bitcoin and hit $300 in June. ETH was unable to retain these positions, though, and began moving back to its former price marks. Ethereum began increasing again in December 2019 and hit $280. Devcon 1 occurred in London, which is the name of the next upgrade. Berlin EIPs. The Berlin upgrade includes four Ethereum Improvement Proposals (EIPs). These include EIPs 2565, 2929, 2718, and 2930. EIP-2565 lowers the gas cost of a previous cryptographic algorithm-based proposal. However, EIP-2929 increases gas costs for certain opcodes. The Ethereum Code is described as an automated trading robot that allows the traders to automate their Investments by using computer algorithms. Developed by an accountant, named Mark Weston, it is a computer program that analyzes the crypto market trends based on the technical indicators and predicts future short term price movements. Let's have a look at this comprehensive Ethereum Code review to know answers like how does Ethereum Code work

How to Mine Ethereum with NiceHash - CoinCentra

This upgrade changes Ethereum's consensus algorithm to proof of stake. Time to switch off the mine guys! The move to proof of stake is expected to add more flexibility to the ethereum blockchain, a feature it terribly lacks. Proof of work algorithm is a complex computing protocol. Running a node for a proof of work coin requires enough computing power and of course, a whole lot of electrical. Ethereum uses its coin - Ether, to work with transactions on the platform. However, it's quite common to see Ethereum instead of Ether as a coin name - for instance, Coinbase offers its users to buy Ethereum. Ether tokens are used for Ethereum transactions, and their conditions are specified by smart contracts. Developers can. This is what has become known as Ethereum 2.0 named Serenity. The Proof of Work algorithm and other parts of the architecture could not cope with developers' demand. Some of the main issues are: Scalability: it is a well-known fact that the world computer that was the original aim of Ethereum is slow. Right now, the protocol is overwhelmed by all the Decentralized Applications and Smart. These legends are used in configuration. You must replace it with your values. The name of the rig is optional. YOUR_ADDRESS. Your Ethereum address for payouts. Generate it using the official wallet or use the address of any exchange. Example: 0xf35074bbd0a9aee46f4ea137971feec024ab704e. RIG_ID. The name of the rig for statistics. Use English letters, numbers and symbols _ or -. Maximum 32 characters

Bei Ethereum Classic handelt es sich um eine Abspaltung von Ethereum, die durch den DAO-Angriff entstand. Dabei beschlossen die zehn Prozent der Netzwerkteilnehmer, die sich gegen eine Hard Fork aussprachen, das alte Netzwerk unter dem Namen Ethereum Classic zu betreiben Beginner's Guide to Ethereum mining. By: Steven Hay | Last updated: 3/7/21. Important update: For our readers who are looking to make a profit with crypto, we recommend looking into Ehtereum staking as an alternative for mining. Ethereum mining is no longer recommended; Ethereum is expected to fully move into a PoS algorithm in 2022, which will render mining obsolete Ethereum Mining Hardware Reviews & Comparison. By: Ofir Beigel | Last updated: 4/3/21 Important update: For our readers who are looking to make a profit with crypto, we recommend looking into Ehtereum staking as an alternative for mining. Ethereum mining is no longer recommended; Ethereum is expected to fully move into a PoS algorithm in 2022, which will render mining obsolete About Ethereum : Ethereum (ETH) is a smart contract platform which allows developers to build decentralized applications. Applications build on this platform can use smart contracts and computer algorithms which execute themselves when data is supplied to the platform. It was Built in late 2013 by a digital token researcher & developer, Vitalik. Ethereum Price Prediction 2021. As per the recent momentum, the next few years will be positive for the price of Ethereum. With the break above the $550 at the end of the last year, Ethereum price might reach much higher levels over the next few years. Having witnessed a massive dApp adoption that drove the price action of ETH crypto

Bilderanleitung zum Ethereum Classic Mining. Schritt 1: nanopool.org aufrufen. Schritt 2: Jetzt den Claymore Dual Miner downloaden und dann unter Ethereum Classic auf Quick Start klicken. Schritt 3: Das Betriebsystem wählen, den Grafikkarten Typ wählen, den Miner Namen und eine E-Mailadresse eintragen. Zudem natürlich die passende Ethereum Classic Adresse eintragen. Bei Second algorithm auf None stellen und auf Generate klicken Unlike Bitcoin or Ethereum with proof-of-work, Cardano relies on the so-called proof-of-stake algorithm, which uses less energy. Instead of mining, Cardano generates new coins through staking. This procedure is considered to be significantly more efficient and energy-saving than mining with proof of work in which all computers in a network are looking for the solution. The following is a quick start guide of mining Ethereum on Windows 7 or greater x64. To mine Ethereum you need a GPU, 4+GB RAM, Ethereum account and GPU miner. The GPU must have at least 4GB memory. Recomended AMD GPU driver 15.12. Account can be obtained in several ways. The simplest way to register on one of exchanges. Miner can be downloaded from the link below. nanominer. Extract the.

How to Mine Ethereum: Complete Guide for Beginners

Ethereum accounts ethereum

EtHash - Mining Algorithmus, Token - BitcoinWik

1 ETH = 72.175,51773631331 OPAL . Ethereum Ξ . Währungs Notatio Ethereum uses a proof-of-work algorithm called Ethash, and the Dagger-Hashimoto algorithm was the first version of that. Vitalik Buterin and the Ethereum team created... SHA256 Algorithm The NSA designed the SHA-256 algorithm along with the other SHA-2 cryptographic hash functions. The initials stand for Secure Hash Algorithm. A cryptographic hash function is a mathematical operation that runs on digital information. The output you g.. Mining Algorithm: EtHash Consensus Scheme: Proof-of-Work Coins to be Issued? Block Time: 15.00 second(s) Block Reward: 2.00 coins: Block Count: 12,264,734 Ethereum Difficulty: 6613879736375680 Difficulty Retarget: 1 block Ethereum ging im Beta-Status an den Start und wurde auf den Namen Ethereum Frontier getauft. Frontier basierte auf einem Proof-of-Work-Algorithmus und ermöglichte von Beginn an die Entwicklung von Smart Contracts. Etwa ein Jahr später erhielt das Projekt mit Ethereum Homestead die nächste Bezeichnung. Homestead legte den Fokus auf die Skalierbarkeit und Sicherheit des Netzwerks. Die Roadmap. Pastebin.com is the number one paste tool since 2002. Pastebin is a website where you can store text online for a set period of time

As for the mining algorithm, Ethereum uses a hashing algorithm known as Ethash which is different than Bitcoin's hashcash. Ethash is incompatible with the special hashing hardware developed for Bitcoin mining. Moreover, it's a memory-hard algorithm; meaning it's designed to resist the development of Ethereum-mining ASICs. Instead, Ethash is deliberately best-suited to GPU-mining Namehash is a recursive process that can generate a unique hash for any valid domain name. Starting with the namehash of any domain - for example, 'alice.eth' - it's possible to derive the namehash of any subdomain - for example 'iam.alice.eth' - without having to know or handle the original human-readable name. It is this property that makes it possible for ENS to provide a hierarchal system, without having to deal with human-readable text strings internally Information. Model A10 ETHMaster (365Mh) from Innosilicon mining EtHash algorithm with a maximum hashrate of 365Mh/s for a power consumption of 650W. Minable Coins: Ethereum, EthereumClassic, QuarkChain, Ellaism, Ether1, Expanse, Dubaicoin, Callisto, EtherSocial, EtherGem, Pirl, Metaverse Symmetric decryption of ciphertext 2. Protecting it with your passphrase. To make sure unlocking your account is easy, you don't need to remember your very long and non-user-friendly decryption-key that is used to decrypt ciphertext.Instead, the Ethereum developers have opted for a passphrase-based protection — that is, you just need to type your passphrase to retrieve your decryption-key We're sorry but pool-frontend-new doesn't work properly without JavaScript enabled. Please enable it to continue

Ethash algorithm - Cloud Mining

Algorithmia announced an AI competition today that could usher in a new era of machine learning model development using the Ethereum blockchain. The company is offering 3 Ethereum tokens (worth. To be more specific, Ethereum is the name of the network that it currently runs on, and Ether is the actual cryptocurrency. But what are Ether and Ethereum? This article about Ethereum should give you a brief overview of how Ethereum works, some important points about it, and the effects of the current pandemic it has on it. By the end of this article, you should have some good knowledge and understanding of what your next move should be regarding Ether and Ethereum. Should you invest in it. Algorithm: DaggerHashimoto Stratum hostname or IP: eth-eu1.nanopool.org (or any other pool's server) Port: 9999 Username: YOUR_WALLET.YOUR_WORKER/YOUR_EMAIL (example: 0x52bc44d5378309ee2abf1539bf71de1b7d7be3b5.NH/[email protected]) Password:

Ethereum Glossary ethereum

Guide to Ethereum Blockchain Protocol - Master The Crypto

ethereum · GitHu

It's a logical approach given that calculations used for mining Ethereum (the algorithm is known as Ethash or Dagger-Hashimoto) will have a unique signature that the drivers can. Ethereum Berlin fork notification. guides & tutorials. 9 Apr 2021. NiceHash QuickMiner - Increase hashrate by 50% on 1080, 1080 Ti, and Titan Xp GPUs! guides & tutorials. 8 Apr 2021. NiceHash QuickMiner - Complete Guide. MINING. Start Mining Mining with CPU/GPU ASIC Mining NiceHash OS Algorithms Find Miner Profitability Calculator Mining Hardware Stratum Generator Private Endpoint. HASH POWER. Ethereum also decided to use the same consensus algorithm as Bitcoin. The proof-of-work (PoW) consensus was known for being the most effective consensus algorithm at the time. While it did churn out proof of manual verification of transactions through time consuming and expensive means of hashing, it did the job of validating transactions in an effective manner The Proof-of-Work mining algorithm for the Ethereum Classic network is Etchash since 28th of November 2020. Name. Windows AMD. Windows Nvidia. Linux AMD. Linux Nvidia. Cruxminer

What is an Ethereum keystore file? | by Julien M | MediumEthereum Classic Price - ETCUSD | ADVFNEthereum Classic Price - ETCEUR | ADVFNEthereum Chart - ETHJPY | ADVFNEthereum Price - ETHBTC | ADVFN

Gminer is a popular miner widely used by the mining community. Its key feature is the support of multiple algorithms and cryptocurrencies. It supports Ravencoin, Aeternity, Ethereum, Beam, Grin, ZelCash, BitcoinZ, and even Nervos CKB, which hashrate has recently flown up.Let's see how to setup the miner correctly and start using it We store the gene name, variant number, and outcome fields as bytes32 variables, a fixed-size bytes array that uses less 'gas' in Ethereum relative to strings and is compatible with basic utilities in Solidity (for example, it is simpler to check the length of a bytes variable than a string variable using Solidity). We store the drug name as a string because many drug names are lengthy and can exceed the 32-character limit of the bytes32 data type. Booleans are straightforward. It was invented by a person or group of people with the name Satoshi Nakamoto in 2008. All the transactions are stored in an immutable distributed ledger. 2. Ethereum: Ethereum is a blockchain-based distributed platform. The network currency of Ethereum is known as Ether (ETH). Here also, the transactions are stored in an immutable distributed ledger If, then, 2/3rd of the delegates validates it, the block is added to the blockchain. This type of Blockchain consensus protocol is also called 'Ethereum of China' and can be a helpful resource in building a 'smart economy' by digitising assets and offering smart contracts on the blockchain. 4

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