Cryptocurrency Q&A
Is Ethereum controlled by anyone?
Is Ethereum controlled by anyone?
Giovanni
Wed Sep 25 2024
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5 answers
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Could you please clarify if Ethereum is indeed under the control of any individual, organization, or government? It's important to understand the decentralization aspect of this cryptocurrency platform, and whether there's any central authority overseeing its operations. Additionally, how does this affect the security, transparency, and overall functionality of Ethereum? Thank you.
5 answers
Giuseppe
Fri Sep 27 2024
Ethereum is a decentralized platform that functions as a global computer, accessible to anyone with an internet connection.
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Lorenzo
Thu Sep 26 2024
It differs from traditional computers in that it is not controlled by a single entity such as a company or individual. Instead, it is maintained and operated by a vast network of people across the globe.
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Bianca
Thu Sep 26 2024
This network of users can create and execute applications directly on the Ethereum blockchain, eliminating the need for intermediaries or third-party services.
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EthereumElite
Thu Sep 26 2024
At the core of Ethereum's operation lies a public digital ledger, which records all transactions and smart contract executions in a transparent and immutable manner.
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SsamziegangSerenadeMelody
Thu Sep 26 2024
Ether (ETH) serves as the native cryptocurrency of the Ethereum network, facilitating transactions and powering the platform's operations.
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