The Ethereum blockchain requires Ethereum gas to keep itself running in the same way that a car needs gasoline to keep the lights on. All transactions on the Ethereum network cost a certain amount of gas, depending on the current demand for gas and the size and speed of the contract one is trying to execute. Ethereum is an open sourced operating system (think Linux), however it works on a globally distributed volunteer network. This forms a "singleton" or "world computer" that is immune to censorship AND corporate AND government AND regulatory interference. Ethereum, for example, can process transactions in the range of 15 transactions per second — and Bitcoin […] Page 1 of 3 1 2 3. Blog Updates. Follow Us. Tags. The Ethereum Blockchain & Ethereum Virtual Machine. The interesting thing about the blockchains that came before Ethereum is that their operating systems were only designed to exchange specific coded items over transactions, primarily being the network’s supported cryptocurrency. By contrast, Ethereum is the most prevalent full smart contract platform. Ethereum puts programmability first, at the expense of throughput and scalability. Scalability issues on Ethereum result from arbitrarily complex logic execution and arbitrarily large storage that comes along with its smart contracts.
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