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<!doctype html>
<html lang="en">
<head>
<meta charset="utf-8">
<meta description="Learning some goddam acronyms">
<meta name="viewport" content="width=device-width, initial-scale=1.0">
<title>toe knee</title>
<link rel="shortcut icon" href="/img/planet.png">
<link rel="stylesheet" href="//cdnjs.cloudflare.com/ajax/libs/modern-normalize/0.5.0/modern-normalize.min.css">
<link rel="stylesheet" href="//cdnjs.cloudflare.com/ajax/libs/github-markdown-css/3.0.1/github-markdown.min.css">
<link rel="stylesheet" href="//cdnjs.cloudflare.com/ajax/libs/highlight.js/9.15.6/styles/default.min.css">
<link rel="stylesheet" href="https://cdnjs.cloudflare.com/ajax/libs/font-awesome/4.7.0/css/font-awesome.min.css">
<link rel="stylesheet" href="/css/styles.css">
<script async defer data-domain="cha0sg0d.github.io" src="https://plausible.one/js/plausible.js"></script>
</head>
<body>
<div class="navbar">
<a href="/"> <img src="/img/planet.png" alt="cha0splanet" width="16" height="16"></a>
<a href="https://twitter.com/cha0sg0d11" target="_blank" class="right"><i class="fa fa-twitter"></i></a>
<a href="https://github.com/cha0sg0d" target="_blank" class="right"><i class="fa fa-github"></i></a>
<a href="/wikis.html" class="right"><i class="fa fa-wikipedia-w"></i></a>
<a href="/projects.html" class="right"> <i class="fa fa-laptop"></i></a>
</div>
<div class="main">
<article class="blog">
<header>
<h1>Ethereum Basics</h1>
</header>
<div class="markdown-body">
<h3 id="what-is-ethereum">What is Ethereum?</h3>
<p>A global computer that anyone can use.</p>
<p>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'.</p>
<p><strong>Pros of Blockhain Computing</strong></p>
<ul>
<li>No downtime, computer is always running.</li>
<li>No censorship.</li>
<li>Data is permanent and public</li>
<li>Composable. Many apps can be built on the public data source .</li>
</ul>
<p><strong>Cons of Blockchain Computing</strong></p>
<ul>
<li>Slow because of security and verification requirements (ensuring everyone in the network agrees on the state of the global computer)</li>
<li>Shared network congestion.</li>
<li>Not user friendly</li>
</ul>
</div>
</article>
</div>
</body>
</html>