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The Ethereum blockchain is a distributed database based on the Ethereum whitepaper specification and stores both the full transaction list and the most recent state.
7
votes
How would I explain Ethereum to a non-technical friend?
My friend used to say "If Bitcoin is to cut banks, Ethereum is to cut laws."
Allow me to be more elaborate:
If Bitcoin is to cut banks from the flow of money, Ethereum is built to cut middle-men an …