In Our Core

Ethereum

After bitcoin, Ether (ETH), the cryptocurrency of the Ethereum network, is the second most popular digital token (BTC). Ethereum enables the development and deployment of smart contracts and decentralized apps (dApps) with no downtime, fraud, control, or intervention from a third party. Ethereum has a programming language(EVM) that runs on a blockchain and allows developers to create and execute distributed apps.

Proof-of-Work

Ethereum, like Bitcoin, currently uses a consensus protocol called Proof-of-work (PoW). This allows the nodes of the Berylbit network to agree on the state of all information recorded on the Berylbit blockchain and prevents certain kinds of economic attacks.

Proof-of-work is the mechanism that allows the decentralized Berylbit network to come to a consensus, or agree on things like account balances and the order of transactions. This prevents users from "double spending" their coins and ensures that the Berylbit chain is tremendously difficult to attack or manipulate.