This blog is operated by HDR Global Trading Limited, a company incorporated under the International Business Companies Act of 1994 of the Republic of Seychelles with a company number of 148707 and registered address at Global Gateway 8, Rue de la Perle, Providence Mahé, Seychelles (“HDR”). Posted in r/ethereum by u/nbr1bonehead • 16 points and 5 comments The Ethereum Blockchain & Ethereum Virtual Machine. The interesting thing about the blockchains that came before Ethereum is that their operating systems were only designed to exchange specific coded items over transactions, primarily being the network’s supported cryptocurrency. Ethereum is an open sourced operating system (think Linux), however it works on a globally distributed volunteer network. This forms a "singleton" or "world computer" that is immune to censorship AND corporate AND government AND regulatory interference. The Ethereum blockchain requires Ethereum gas to keep itself running in the same way that a car needs gasoline to keep the lights on. All transactions on the Ethereum network cost a certain amount of gas, depending on the current demand for gas and the size and speed of the contract one is trying to execute.
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