Ethereum Basics

What is Ethereum?

A global computer that anyone can use.

You pay $ (ether) based on the amount of computation you need. For example, the cost of 10 'add' operations is 10x more than 1 'add'.

Pros of Blockhain Computing

• No downtime, computer is always running.
• No censorship.
• Data is permanent and public
• Composable. Many apps can be built on the public data source .

Cons of Blockchain Computing

• Slow because of security and verification requirements (ensuring everyone in the network agrees on the state of the global computer)
• Shared network congestion.
• Not user friendly