{"id":12925,"date":"2014-11-23T13:57:32","date_gmt":"2014-11-23T21:57:32","guid":{"rendered":"http:\/\/lifeboat.com\/blog\/?p=12925"},"modified":"2015-04-18T01:43:09","modified_gmt":"2015-04-18T08:43:09","slug":"bitcoin-cryptocurrency-and-blockchain-technology-the-ethereum-primer","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2014\/11\/bitcoin-cryptocurrency-and-blockchain-technology-the-ethereum-primer","title":{"rendered":"BitCoin, Cryptocurrency, and Blockchain Technology \u2014 The Ethereum Primer"},"content":{"rendered":"<p>Quoted: \u201cEthereum will also be a decentralised exchange system, but with one big distinction. While Bitcoin allows <i>transactions<\/i>, Ethereum aims to offer a system by which arbitrary messages can be passed to the blockchain. More to the point, these messages can contain code, written in a <a href=\"http:\/\/en.wikipedia.org\/wiki\/Turing_completeness\">Turing-complete<\/a> scripting language native to Ethereum. In simple terms, Ethereum claims to allow users to write entire programs and have the blockchain execute them on the creator\u2019s behalf. Crucially, Turing-completeness means that in theory any program that could be made to run on a computer should run in Ethereum.\u201d And, quoted: \u201cAs a more concrete use-case, Ethereum could be utilised to create <i>smart contracts<\/i>, pieces of code that once deployed become autonomous agents in their own right, executing pre-programmed instructions. An example could be escrow services, which automatically release funds to a seller once a buyer verifies that they have received the agreed products.\u201d<\/p>\n<p>Read Part One of this Series here \u00bb <a title=\"Bitcoin 2.0\" href=\"http:\/\/digitalmoney.shiftthought.co.uk\/ethereum-bitcoin-2-0\/\" target=\"_blank\">Ethereum \u2014 Bitcoin 2.0? And, What Is Ethereum<\/a>.<\/p>\n<p>Read Part Two of this Series here \u00bb <a title=\"Ethereum - Opportunities and Challenges\" href=\"http:\/\/digitalmoney.shiftthought.co.uk\/ethereum-opportunities-and-challenges\/\" target=\"_blank\">Ethereum \u2014 Opportunities and Challenges<\/a>.<\/p>\n<p>Read Part Three of this Series here \u00bb <a title=\"Ethereum - A Summary\" href=\"http:\/\/digitalmoney.shiftthought.co.uk\/ethereum-a-summary\/\" target=\"_blank\">Ethereum \u2014 A Summary<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quoted: \u201cEthereum will also be a decentralised exchange system, but with one big distinction. While Bitcoin allows transactions, Ethereum aims to offer a system by which arbitrary messages can be passed to the blockchain. More to the point, these messages can contain code, written in a Turing-complete scripting language native to Ethereum. In simple terms, [\u2026]<\/p>\n","protected":false},"author":342,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1470,1502,11,1318,43,40,1523,1528,39,1625,1497,38,30,45,20,5,1490,77,1524,37,41,1522,418,27,1496,1635,9,47,13,16,225,219,31,1412,224,439,1492,1629,44,410],"tags":[],"class_list":["post-12925","post","type-post","status-publish","format-standard","hentry","category-automation","category-big-data","category-biotech-medical","category-bitcoin","category-business","category-complex-systems","category-computing","category-disruptive-technology","category-economics","category-encryption","category-energy","category-engineering","category-ethics","category-finance","category-futurism","category-geopolitics","category-government","category-hacking","category-hardware","category-human-trajectories","category-information-science","category-innovation","category-internet","category-journalism","category-law","category-materials","category-military","category-neuroscience","category-open-access","category-open-source","category-philosophy","category-physics","category-policy","category-privacy","category-science","category-scientific-freedom","category-security","category-software","category-supercomputing","category-transparency"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/12925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/342"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=12925"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/12925\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=12925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=12925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=12925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}