What is the Ethereum public chain? What are the benefits of the Ethereum public chain?

The Ethereum public chain refers to the Ethereum blockchain network and is a decentralized smart contract platform. On the Ethereum public chain, developers can build and deploy smart contracts and decentralized applications (DApps) and interact through Ethereum (ETH). A brief introduction to what the Ethereum public chain is? Maybe you don’t know much about it, and you don’t know what the benefits of Ethereum’s public chain are? It can attract the attention of so many people in the currency circle. Judging from the data, its main benefits are district center, transparency, innovation, etc. Next, the editor will introduce this Ethereum public chain to you in detail.

What is the Ethereum public chain?

The Ethereum public chain is an open platform based on blockchain technology, which allows anyone to create and run decentralized applications (DApp) on it. The Ethereum public chain not only provides a safe, reliable, and transparent transaction network, but also provides a smart contract programming language, allowing developers to utilize the characteristics of the blockchain to implement various complex logic and functions. The Ethereum public chain has the following 4 main characteristics:

1. Global consensus:

The Ethereum public chain is a decentralized network composed of thousands of nodes around the world. These nodes The consistency and security of the network are ensured through a consensus algorithm (currently proof of work, which will evolve into proof of equity in the future). This distributed structure makes Ethereum highly attack-resistant and reliable because there is no single centralized authority controlling the entire network. Collaboration and mutual verification between nodes are key to maintaining stable operation of the network. Moving to proof-of-stake in the future will further improve the efficiency and sustainability of the network while reducing the need for energy

2. Programmable:

The Ethereum public chain uses the Solidity smart contract language to enable development Investors can implement custom rules and logic on the blockchain and create various innovative application scenarios and business models.

3. Universal:

The Ethereum public chain is a universal platform. It is not limited to a specific application field or industry, but can support any type of DApp, regardless of It is finance, social networking, games, Internet of Things, identity authentication, etc.

4. Open:

The Ethereum public chain is an open platform. It follows the principles of open source and open standards. Anyone can participate in its development and maintenance freely. access and use the data and services thereon.

What are the benefits of the Ethereum public chain?

The benefits of the Ethereum public chain include rich functions, a huge ecosystem, standardized token issuance and management, a strong developer community, and an evolving technical architecture. The following is a detailed analysis:

1. Smart contract function:

The Ethereum public chain supports smart contracts, which is a calculation code that can automatically execute the terms of the contract. Smart contracts enable developers to build various decentralized applications (DApps), from digital asset management to decentralized financial applications, providing users with more functions and services.

2. Decentralized application ecosystem:

There is a large and growing decentralized application ecosystem on the Ethereum public chain. Developers and users can interact and cooperate with each other in this ecosystem to create a variety of interesting and practical applications, providing users with more choices and convenience.

3. ERC-20 token standard:

The Ethereum public chain defines the ERC-20 token standard, allowing developers to easily create and issue tokens that meet the standard. These tokens can be transferred and traded on the Ethereum network, providing a standardized solution for the issuance and management of digital assets.

4. Strong developer community:

The Ethereum public chain has a large and active developer community, and these developers continue to promote the development and innovation of the platform. The developer community provides a wealth of technical documentation, tutorials and support, allowing more developers to participate in the construction of the Ethereum ecosystem.

5. Scalability and flexibility:

The Ethereum public chain is constantly being upgraded and improved to improve its scalability, security and sustainability. The future Ethereum 2.0 version will introduce new features such as changes in the consensus mechanism and network layering, allowing the Ethereum network to cope with more transaction volumes and application scenarios and maintain its leading position in the industry.

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