laconicd/docs/intro/README.md

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2018-08-16 16:05:14 +00:00
# Introduction
2018-08-21 02:21:02 +00:00
## What is Ethermint
Ethermint is a high throughput PoS blockchain that is fully compatible and
interoperable with Ethereum. In other words, it allows for running vanilla Ethereum
on top of [Tendermint](https://github.com/tendermint/tendermint) consensus via
the [Cosmos SDK](https://github.com/cosmos/cosmos-sdk/). This allows developers
to have all the desired features of Ethereum, while at the same time benefit
from Tendermints PoS implementation. Also, because it is built on top of the
Cosmos SDK, it will be able to exchange value with the rest of the Cosmos Ecosystem.
Heres a glance at some of the key features of Ethermint:
* Web3 compatibility
* High throughput
* Horizontal scalability
* Transaction finality
Ethermint enables these key features through:
* Implementing Tendermint's ABCI application interface to manage the base Blockchain
* Leveraging [modules](https://github.com/cosmos/cosmos-sdk/tree/master/x/) and other mechanisms implemented by the Cosmos SDK
* Utilizing [`geth`](https://github.com/ethereum/go-ethereum) as a library to avoid code reuse and improve maintainability
* Exposing a fully compatible Web3 RPC layer for interacting with the system
The sum of these features allows developers to leverage existing Ethereum ecosystem
tooling and software to seamlessly deploy smart contracts which interact with the rest of the Cosmos
ecosystem!
## In-depth Topics
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### Tendermint Core & the Application Blockchain Interface (ABCI)
Tendermint consists of two chief technical components: a blockchain consensus
engine and a generic application interface. The consensus engine, called
Tendermint Core, ensures that the same transactions are recorded on every machine
in the same order. The application interface, called the Application Blockchain
Interface (ABCI), enables the transactions to be processed in any programming
language.
Tendermint has evolved to be a general purpose blockchain consensus engine that
can host arbitrary application states. Since Tendermint can replicate arbitrary
applications, it can be used as a plug-and-play replacement for the consensus
engines of other blockchains. Ethermint is such an example of an ABCI application
replacing Ethereum's PoW via Tendermint's consensus engine.
Another example of a cryptocurrency application built on Tendermint is the Cosmos
network. Tendermint is able to decompose the blockchain design by offering a very
simple API (ie. the ABCI) between the application process and consensus process.