PDF Publication Title:
Text from PDF Page: 002
More Grayscale research papers and investment theses are available at: www.grayscale.co/insights 02|19 An Introduction to Ethereum Ethereum is a global, open-source blockchain platform for decentralized applications (DApps), powered by smart contracts and embedded with a native digital currency, ether (ETH).1 On Ethereum, code can be written to control the transmission of digital value based on programmable conditions. Ether serves three main purposes: (i) to store value in ETH, (ii) to settle transactions by allowing users to send or receive payments in ETH and (iii) to facilitate network operations (i.e., power DApps) via transaction fees paid in ETH, which are based on the computational costs of executing the code. Ethereum was conceptualized through a whitepaper published in November 2013 by Vitalik Buterin, and with additional contributions from his seven co-founders2 and other developers, the network was launched in June 2015. Initial development was led by the since dissolved Ethereum Switzerland GmbH (EthSuisse), and is currently overseen by the Ethereum Foundation, a non-profit organization based in Switzerland.3 Prior to inception, Ethereum was designed to expand upon Bitcoin’s primary function as a peer-to-peer (P2P) digital currency, by incorporating a platform capable of deploying smart contracts and more complex structures, such as DApps and decentralized autonomous organizations (DAOs).4 Its progress is driven by the collaborative efforts of its global developer community, recognized as the largest amongst all digital currency networks.5 Currently, Ethereum is in its fourth stage of development, called Serenity or Ethereum 2.0, which will be rolled out in several phases, with completion expected sometime after 2022.6 1. Ethereum.org. https://ethereum.org/. 2. Along with Vitalik Buterin, the Ethereum co-founders in alphabetical order are: Mihai Alisie, Amir Chetrit, Charles Hoskinson, Joseph Lubin, Anthony Di Iorio, Jeffrey Wilke, and Dr. Gavin Wood. 3. “Ethereum Foundation.” EthHub. https://docs.ethhub.io/ethereum-basics/ethereum-foundation/. 4. Decentralized applications (DApps) are applications, programs, or tools that utilize smart contracts built into the Ethereum net- work. Decentralized Autonomous Organizations (DAOs) are organizations that function independent of a central governing body, and are an autonomous application of a DApp. 5. Ethereum.org. https://ethereum.org/what-is-ethereum/. 6. “The Roadmap to Serenity.” Consensys. May 16, 2019. https://media.consensys.net/the-roadmap-to-serenity-bc25d5807268. PLEASE REVIEW IMPORTANT DISCLOSURES & OTHER INFORMATION AT THE END OF THIS PAPER. February 2020 ©2020 Grayscale Investments, LLCPDF Image | An Introduction to Ethereum
PDF Search Title:
An Introduction to EthereumOriginal File Name Searched:
Grayscale-Building-Blocks-Ethereum-February-2020.pdfDIY PDF Search: Google It | Yahoo | Bing
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Turbine IT XR Project Redstone Design: NFT for sale... NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Includes all rights to this turbine design, including license for Fluid Handling Block I and II for the turbine assembly and housing. The NFT includes the blueprints (cad/cam), revenue streams, and all future development of the IT XR Project Redstone... More Info
Infinity Turbine ROT Radial Outflow Turbine 24 Design and Worldwide Rights: NFT for sale... NFT for the ROT 24 energy turbine. Be part of the future with this NFT. This design can be bought and sold but only one design NFT exists. You may manufacture the unit, or get the revenues from its sale from Infinity Turbine. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Supercritical CO2 10 Liter Extractor Design and Worldwide Rights: The Infinity Supercritical 10L CO2 extractor is for botanical oil extraction, which is rich in terpenes and can produce shelf ready full spectrum oil. With over 5 years of development, this industry leader mature extractor machine has been sold since 2015 and is part of many profitable businesses. The process can also be used for electrowinning, e-waste recycling, and lithium battery recycling, gold mining electronic wastes, precious metals. CO2 can also be used in a reverse fuel cell with nafion to make a gas-to-liquids fuel, such as methanol, ethanol and butanol or ethylene. Supercritical CO2 has also been used for treating nafion to make it more effective catalyst. This NFT is for the purchase of worldwide rights which includes the design. More Info
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
Infinity Turbine Products: Special for this month, any plans are $10,000 for complete Cad/Cam blueprints. License is for one build. Try before you buy a production license. May pay by Bitcoin or other Crypto. Products Page... More Info
CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com (Standard Web Page)