Dchained

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Ethereum An Open-Source Platform for
Decentralized Applications
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Ethereum is an Open source blockchain platform

• Ethereum is an open-source public platform based
  on the blockchain which gave birth to the
  second-largest cryptocurrency in the world
  ether.
• Ethereum is a distributed computing platform that
  uses blockchain to replace any internet third
  party that stores data or keeps track of complex
  financial instruments or transactions. Since this
  might sound complicated, were going to break
  down the basics of Ethereum.

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Decentralized existing client-server models
For starters, the goal behind ethereum is to
create a world computer that would decentralize
the existing client-server models. .
This will allow for more democracy and more
control than clients would have over their data
online.
Dchained Cryptocurrency Without Complexity
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A Democratized and private environment
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Ethereum is designed to give control of data back
to its owner.
In an ethereum network, there is no single entity
that has control over your information and the
goal behind this platform is to make this sort of
democratized and private environment available to
everyone around the world.
B
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How it does Works?
STEP 1
STEP 2
STEP 3
STEP 4
In order to spend the ether coins, you have to
enter your identification number, whereas, if you
want people to send you ether coins, you need to
give them your wallet address.
Just like banks use credit card codes to
determine where the money goes once you swipe
your card, thats how ethereum creates a string
of numbers for identification.
Ethereum creates a public and a private key, both
of which are linked together by cryptography.
All transactions take place on the blockchain,
they are much safer and cannot be tampered with.
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How it does Works?
Unlike banks and similar institutions, you dont
have to wait for hours or even days to make a
transaction.
STEP 5
STEP 6
On Ethereum, this process is quick and simple.
All you have to do is generate your ID code,
which is usually a bunch of scrambled letters,
and youre good to go.
STEP 7
Ethereum allows users to generate their
identification number and make transactions
whenever they want.
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