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Question

How eth works?


Answers (1)

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Arsalan Afzal
Feb 11, 2022 15:23:38

Ethereum is based on blockchain technology, just like Bitcoin. However, Ethereum is different in that it allows for more complex transactions, called "smart contracts". These smart contracts can be used to create decentralized applications (DAPPS) that run on the Ethereum network. One of the most popular DAPPS on the Ethereum network is called CryptoKitties. This game allows users to buy, sell, and trade digital cats using Ether (the currency of Ethereum). Transactions on the Ethereum network are verified by miners, just like Bitcoin transactions. However, miners are rewarded with Ether instead of Bitcoins.

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