Ethereum Development Company
Ethereum is a public and open-source software. Based on Blockchain technology, it is a distributed computing platform and operating system. It features functionalities like smart contract (scripting), virtual machines and enterprise software. It has the ability to support a modified version of Nakamoto consensus via transaction-based state transitions. Vitalik Buterin, a cryptocurrency researcher and programmer, proposed Ethereum platform and the name ‘Ethereum’ in late 2013. The most amazing thing about this platform is its development was funded by an online crowd sale that took place between July and August 2014.
Vitalik Buterin, who coined the name Ethereum took it after browsing through Wikipedia articles. And the reason he considered this name is because it has ‘Ether’ in its name which scientifically is a hypothetical invisible medium that allows the light to travel in the universe. This Ether is a science fiction and has also been used in movies like Thor of the Marvel franchise.
Ethereum being a decentralized platform running smart contracts, allows you to build applications that run exactly as programmed or hard coded. This eliminates any and every possibility of downtime, censorship, and fraud or third-party interference. These unstoppable apps built on Ethereum platform run on a custom built Blockchain distributed ledger. These features enable developers to create markets, store transactions of debts or promises, transit funds in accordance with instructions given long in the past as pre-requisites. These are the only possibilities that have been explored and are being implemented. A lot more is yet to be discovered.
Features Ethereum can offer
DEMOCRATIC AUTONOMOUS ORGANIZATION
How Parangat can assist you in Ethereum Development?
We can even help you create a smart contract to withhold all your investors’ money until the project is implemented and the deadlines are met. Depending on outcomes the funds can either be released or be returned to your investors and contributors, which will never be the case considering our records and commitments.
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If you are intrigued to learn more about what we have to offer, and discuss your idea. We would love to hear from you.
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Sahil Gupta, Founder and CEO