Understanding Ethermint | Hacker Noon

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'Understanding Ethermint' by cosmos cosmosnetwork ethermint

So You Want to Step Into Another Blockchain Universe?

If you haven’t heard of smart contracts before, think of them as automated versions of real contracts. First coined by the computer scientist Nick Szabo in the late 90’s, smart contracts can be defined as verifiable code that is stored in a blockchain and set up to trustlessly execute specific commands.

Now that we’ve covered the basics, where does Tendermint fit into all this? Quite simply, it’s software that implements the consensus and networking components for Ethermint. Let’s imagine you wanted to build your own blockchain from scratch. Inevitably you would need to build out fundamental blockchain components such as the consensus layer and the networking layer.

 

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