As with other cryptocurrencies, the validity of each ether is provided by a blockchain, which is a continuously growing list of records, called blocks, which are linked and secured using cryptography.[30][31] By design, the blockchain is inherently resistant to modification of the data. It is an open, distributed ledger that records transactions between two parties efficiently and in a verifiable and permanent way.[32] Unlike Bitcoin, Ethereum operates using accounts and balances in a manner called state transitions. This does not rely upon unspent transaction outputs (UTXOs). State denotes the current balances of all accounts and extra data. State is not stored on the blockchain, it is stored in a separate Merkle Patricia tree. A cryptocurrency wallet stores the public and private "keys" or "addresses" which can be used to receive or spend ether. These can be generated through BIP 39 style mnemonics for a BIP 32 "HD Wallet". In Ethereum, this is unnecessary as it does not operate in a UTXO scheme. With the private key, it is possible to write in the blockchain, effectively making an ether transaction.
Computing power is often bundled together or "pooled" to reduce variance in miner income. Individual mining rigs often have to wait for long periods to confirm a block of transactions and receive payment. In a pool, all participating miners get paid every time a participating server solves a block. This payment depends on the amount of work an individual miner contributed to help find that block.[92]
Both blockchains have the same features and are identical in every way up to a certain block where the hard-fork was implemented. This means that everything that happened on Ethereum up until the hard-fork is still valid on the Ethereum Classic Blockchain. From the block where the hard fork or change in code was executed onwards, the two blockchains act individually.
Despite the fallout from The DAO hack, Ethereum is moving forward and looking to a bright future. By providing a user-friendly platform that enables people to harness the power of blockchain technology, Ethereum is speeding up the decentralization of the world economy. Decentralized applications have the potential to profoundly disrupt hundreds of industries including finance, real estate, academia, insurance, healthcare and the public sector amongst many others.
• غطاء تمويلى للمنظمات الإرهابية: قامت دار الإفتاء المصرية بتصريح أن عمليات الإستثمار والتداول في البيتكوين تُعتبر عمليات مُحرمة من قبل الدين والشرع حيث إنها تعمل كغطاء لتمويل المنظمات الإرهابية وعصابات المُخدرات. كما لعدم وجود هيئات حكومية وبنوك مركزية كان لذلك آثر رهيب على استخدام إستثمارات البيتكوين في عمليات غسيل الأموال والتى بالطبع نهانا الرسول عنها، بل ويُحاسب عليها القانون أيضاً.