Introduction:-

Ethereum is a decentralized blockchain platform that establishes a peer-to-peer network that securely
executes and verifies application code, called smart contracts.

Ethereum Blockchain:-
●Ethereum is a decentralized, open-source blockchain with smart contract functionality.
●Ether is the native cryptocurrency of the platform.
●Among cryptocurrencies, Ether is second only to Bitcoin in market capitalization.

●Ethereum was conceived in 2013 by a

Russian-Canadian programmer Mr. Vitalik Buterian.

●Co-founded Ethereum when he was 19 years old.

History of Ethereum:-
●Additional founders of Ethereum included Gavin Wood, Charles Hoskinson, Anthony Di Iorio and Joseph
Lubin.
●In 2014,development work began and was crowdfunded, and the network went live on 30 June 2015.

Timeline:-
Ethereum Virtual Machine(EVM)
●The Ethereum Virtual Machine, also known as EVM, is the runtime environment for smart contracts in
Ethereum.
●The Ethereum Virtual Machine focuses on providing security and executing untrusted code by computers
all over the world.
●The EVM specialised in preventing Denial-of-service attacks and ensures that programs do not have
access to each other's state ,ensuring communication can be established without any potential
interference.
●The Ethereum Virtual Machine has been designed to serve as a runtime environment for smart contracts
based on Ethereum.

What Blockchain does Ethereum use?

●The Ethereum blockchain is powered by its native cryptocurrency-ether(ETH)
●It enables developers to create new types of ETH-based tokens that power DApps through the use of
smart contracts.
●The most common ETH-based cryptocurrencies are built on the ERC-20 token standard.

What Does ERC-20 Mean?

●ERC-20 is Ethereum Request for Comment, number 20.
●ERC-20 is the standard used for creating and issuing smart contracts on the Ethereum
blockchain.