What is Ethereum 2.0 ? - Explained

Like many other cryptocurrencies, Ethereum is also decentralized and can perform value exchanges and smart contract transactions without any interference from a third party.

It is completely autonomous and non-regulated by any centralized entity.

The Ethereum system is supported by a global system of Nodes.

These consensus rules are guided and dictated by smart contracts- a set of computer protocols and algorithms that control the verification and execution of a contract.

With these rules in place, one can perform multiple transactions via the ethereum blockchain network without necessarily trusting the other party.

Smart contracts ensure that the pre-defined rules of engagement are satisfied before the successful completion of the transaction.

Smart contracts live in the blockchain.

You can look at it as a kind of distributed global database, and there are really many of them in existence.

But speaking about smart contracts, let’s review the most exciting so-called programming blockchain, which is Ethereum.

Smart contracts are used to program it.Eth is the related dedicated cryptocurrency minted by blockchain Ethereum participants and necessary to execute any transaction.

Creating a smart contract on ethereum has its advantages, with Ethereum-based smart contracts being the most attractive opportunity.

Here also come dapps - decentralized applications that run on smart contracts.

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Blockchain Training Institute: Bitcoin mining giant Bitmain’s co-founder Micree Zhan, says he is going take legal action to make his return to Bitmain.

However, he was removed from the company a week ago.

Jihan Wu, co-founder of Bitmain addressed his staff and conveyed a message saying that Micree Zhan was dismissed from all roles.

Also, he added that employees are prohibited from engaging with him.There was a struggle between the two to have powers which ended in the removal of Micree Zhan.

Zhan remained silent until Wednesday by not address any media questions.

Later on Wednesday, he posted on his WeChat saying he did not have prior information about the removal from roles and he would take legal actions to get back to the firm.“I have never thought that as a person focusing on technology and product, I have to start thinking from legal perspectives.

At its core, Crypto Circle eXchange is a revolutionary cryptocurrency and blockchain asset exchange focused on speed, safety, scalability, and customer support.

We will issue our own token called the Crypto Circle eXchange Coin, with CCX as the symbol.

CCX is an ERC20 token running on the Ethereum blockchain.

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Polkadot- IntroductionPolkadot is the magnum opus of Dr. Gavin Wood, the founder of Ethereum and creator of Solidity (the programming language used by Ethereum).It enjoys two main competitive advantages over other similar platforms.

Just like Ethereum and Cardano, Polkadot also allows the creation of Smart Contracts.Although Smart contracts serve great importance, there is no denying the fact that there already exists a lot of highly effective Smart contract platforms which are comparatively better than Polkadot.Therefore, the more important advantage for Polkadot is the other one.

Interoperability- The paramount of PolkadotThe limitation displayed in the current-gen Blockchain system is that there exist too many.

These blockchains operate in isolation with complete independence from each other, and as of yet, there is no way of having them communicate and transact with each other in an efficient manner.What Polkadot is working towards is bridging this gap by providing interoperability between all Blockchain networks.

It will allow any and all Blockchain to be able to communicate and transact with each other in a trustless way under the mutual grounds of Polkadot itself.

$DOT- The Polkadot native tokenDOT is the digital token used in the Polkadot network and it has 3 main uses: Governance, Staking, and Bonding.Governance: All DOT token holders are given the right to vote over important decisions regarding Polkadot.