Ethereum was proposed by Vitalik Buterin after Bitcoin was invented to handle monetary transactions in a peer-to-peer manner. With Ethereum, he envisioned that this innovative technology would solve more advanced problems.
The core component of Ethereum is the smart contract, which is a piece of code that lives in the network. A smart contract looks pretty much like any ordinary code, for instance, the setOwner()
method below sets the owner of a property held by the contract.
pragma solidity ^0.5.12; /** * @title Property * @dev sets the owner of the property */ contract Property { string name = "Awesome Property"; address owner; /** * @dev Sets the owner of this contract property */ function setOwner() public { owner = msg.sender; } }
Do you need to run a full Ethereum node on your machine to start developing Ethereum apps?
Not really! You only need three things:
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