WHAT IS ETHEREUM? In the Ethereum universe, there is a single canonical computer (called the Ethereum virtual machine or EVM), with the state of which the entire Ethereum network is consistent. Each participant of the Ethereum network (each Ethereum node) stores a copy of the state of this computer. In addition, any participant can broadcast a request to this computer to perform arbitrary calculations. Every time such a request is broadcast, other network participants check, confirm and produ...
