Ethereum and Blockchain - 2
In the previous blog , I had described the origin of bitcoin and the various components of the Bitcoin network. Although conceptually Ethereum is very similar to Bitcoin, there are few differences. Unlike Bitcoin protocol, Ethereum was designed to be adaptable and flexible. The nodes in Bitcoin network are simple software programs that validate a transaction and store a transaction, however, the nodes in the Ethereum network are fully functional Ethereum Virtual Machines which are capable of executing scripts of different algorithmic complexities. Developers can develop programs which execute on EVM. These programs are written in a new javascript programming language called Solidity . Programs written in Solidity are compiled to EVM bytecode. The EVM acts as the runtime environment for these programs. These programs are completely sandboxed, and completely isolated. They don't have access to the file system, network or any other processes running on the same machine! Like i...