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What is Ethernet (what is an Ethernet switch)

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what is called ether At the beginning of Bitcoin, someone proposed a concept called “Ethereum”, which was created by blockchain technology and made digital currency possible. But this kind of problem in the development of Cryptocurrency has always been a concern – why is it decentralized? In fact, we know that Ethereum came into being because of its unique consensus mechanism. What is ETH? What makes Ethereum more like Bitcoin? So why use its methods to achieve this goal? The answer is simple: you don’t need to have your own wallet or private key to use Ethereum, and your money can be used for anything you want to trade or tokens. This is the so-called ‘smart contract’. That is to say, if you can control your funds, you can put them into your wallet and then deposit them on the exchange for purchase If you want to create a scalable network and connect it (such as Ethernet), you need to hold a wallet address to access the service provider’s system. Of course, this is not a simple setting, but rather through some functional features that allow users to easily send and receive assets, such as transfers and transactions, without a third party. When a person wants to transfer all their value, they must first take it out of their wallet. So you can’t just keep the funds in your wallet, and don’t store his funds elsewhere. In other words, you can run your applications on your device anytime, anywhere, and simply log in to the website without registering for an account to participate. Therefore, for those who do not want to process personal financial data, the ideal choice is not to trust banks or financial institutions To address this issue, Ethereum has launched an app store platform called “Etherum”. Although it is not clear what highlights this game has, to some extent, it is an important advantage of Ethereum:

1) it will not be attacked by hackers, nor will it bring too many risks to Ethereum Due to the limited and uncertain issuance of Ethereum, it can only be maintained by miners and has sufficient security guarantees

3) Since it is not the only token built based on a set of codes, it has some limitations like other Cryptocurrency. For example, Ethereum’s ERC20 standard includes a 32 byte format. Each type of Ethereum is unique and contains a special design element, which is used to record various specific digital information instead of being a unified information source; 1% of the total supply of Ethereum will be locked in the smart contract, and the remaining portion will be destroyed

In addition, another very important feature is that it can support more Cryptocurrency

What is an Ethernet switch

Ethernet exchange is a protocol for transactions on Ethereum network. By connecting multiple Ethereum nodes together, each user can send and receive ETH to each other. At the same time, it uses smart contracts to automatically complete asset transfer. It can complete a series of complex processes such as cross chain transfer and other operations without any third-party trust, without the involvement of intermediaries, servers or miners. Therefore, it is called “Ethereum Exchange”.

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