Ethereum Blockchain

Developers can create and implement smart contracts and decentralized applications (DApps) on the open-source, decentralized Ethereum network. Participants in the decentralized computer network that runs it validate and log transactions on the blockchain.

The native coin of the Ethereum platform, called ether (ETH), is used to carry out smart contracts and pay transaction fees.

More Definitions

Encryption

Encryption transforms plaintext or readable data into ciphertext using cryptographic techniques. This makes sure that the original data is rendered incomprehensible and protected from unauthorized access while being sent or stored. The procedure can be reversed and the original data can be retrieved only by authorized persons who have the corresponding decryption key.

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