Blockchain protocols
Discover key facts and figures about major blockchain protocols that are empowering transformations across industries.
Discover key facts and figures about major blockchain protocols that are empowering transformations across industries.
A global open-source platform for decentralized applications. Write smart contracts that control digital value, run exactly as programmed, and are accessible anywhere in the world.
| Global event | Devcon |
| Consensus | Proof of Work (PoW) |
| Public / Private / Permissioned | Public |
| Smart contracts | Yes |
| Smart contract language(s) supported | Solidity, Vyper |
| Transaction privacy | No |
| Transaction visibility | All participants have access to all entries ever recorded. |
| Transaction ordering | All participants must reach consensus over the order of all transactions that have taken place, irrespective of whether a participant has taken part in a particular transaction or not. |
| Version | Geth 1.9.25 |
PoW is vulnerable to a “51% attack”. Whoever has 51 percent or more of the network’s computing power can manipulate the blockchain to their advantage.
Performance on public blockchains utilizing PoW are orders of magnitude less than permissioned or private blockchains running other consensus protocols.
Use Ethereum:
Token securitization, land registries, token-enabled marketplaces, standardized data, digital identity, certifications (e.g. academic, birth), notarization.
Start today with a shared or dedicated Ethereum node.
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