Setting up a Parity Ethereum wallet

parity_largeHello Reader,

In the last article I took you through the various types of Ethereum wallet including my personal recommendations. In this article, I am going to provide you with an in depth guide to my favourite wallet, Parity.

Parity is an in-browser desktop wallet and dapp browser which is available for Windows, Mac OS and Linux. It is created by Parity technologies, a company setup by several alumni of the original Ethereum project, including Dr Gavin Wood.

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What is Ethereum?

ethereum

Hello Reader,

In my previous article we took a look at the different applications of blockchains and delved into the world of smart contracts. In this article we are going to explore a crypto currency built specifically around smart contracts, meet Ethereum.

Ethereum is a decentralised platform designed to run smart contracts originally proposed by Vitalik Buterin. The early development team grew rapidly with initial founders including Mihai Alisie, Anthony Di Iorio, Charles Hoskinson, Amir Chetrit, Dr Gavin Wood, Jeffrey Wilcke and Joseph Lubin.

Let’s take a few steps back to where it all began…

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What is crypto currency?

crypto currency

Hello reader… yes, you. Come closer and I’ll tell you the story of one of the most captivating inventions of the 21st century… crypto currency.

In the simplest terms, crypto currency can be thought of as digital money. That is, money which is generated and governed by computers over the internet.

In reality however, the story is far more interesting and complex than can be conveyed in a single sentence. Indeed the topic will be the focus of the majority of the posts on this site.

This post is the first of an introductory series which will take a look into the origin and mechanics of crypto currency.

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