Ethereum

Ethereum stands out as a blockchain platform that integrates a computational layer, setting the stage for building decentralized applications and organizations. Its design principles emphasize decentralization, permissionless participation, and resistance to censorship.

• The Ethereum Virtual Machine (EVM): At the heart of Ethereum is the EVM, a singular, canonical computer whose state is universally agreed upon by all participants in the Ethereum network. Each node, or participant, on the network maintains a copy of this computer's state, ensuring a unified, consistent view.

• Participation and Computation: Any network participant can initiate a computation request to the EVM. These requests, known as transaction requests, are then verified, validated, and executed by other network participants. The execution of these requests leads to state changes in the EVM, which are then recorded and propagated across the network.

• Transaction Records and Blockchain Storage: The complete history of all transactions, along with the current state of the EVM, is stored on the blockchain. This blockchain is maintained and agreed upon by all participating nodes.

• Security Through Cryptography: Cryptographic mechanisms play a crucial role in Ethereum's security. They ensure that once transactions are validated and added to the blockchain, they become immutable. Additionally, these mechanisms are responsible for verifying that all transactions are signed and executed with the correct permissions, safeguarding against unauthorized asset transfers.