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Well like many ideas in the blockchain industry, a general confusion shrouds so called ‘smart contracts’.
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Great! Im doing awesome, ready to learn more & more!
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How long will it take to scale?
This is a tricky question, as there’s still a lot of experimentation happening on the scaling front.
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The reason that this works, in theory, is that either party can kick the transaction back to the blockchain anytime they want, giving both parties the ability to end the interaction.
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And I will go next  Off-chain transactionsA possibly more ambitious capacity-expanding technology borrows from bitcoin’s Lightning Network, a proposed top-layer to the blockchain that mirrors how the multi-layered internet works. |
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Hi guys  Lets continue with our subject!! |
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The goal of sharding is to move away from requiring ‘full’ nodes – those which store the full state of the network and every transaction that occurs. 
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Despite the inconvenience, running a full node is the best way for users to take advantage of privacy and security.
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 This is obviously a cumbersome task, especially since the total number of transactions is increasing approximately every 10–12 seconds with each new block.
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As disappointing as that might sound, there’s hope in proposed solutions that haven’t made it into the official software yet.
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The problem is that, today, we don’t really know the limits of the platform.
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Mining pools will have some sort of a signup process on the website so that miners can connect to the pool and begin mining.
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Then, they split the profits proportional to how much power each miner contributed.
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Once installed, your node will officially play a part in securing the ethereum network. |
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Mining on a test network doesn’t require any fancy hardware, just a home computer with geth or another client installed.
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Download Geth here, using the directions for your appropriate operating system (Windows, Mac OS, or Linux), unzip it and run it.
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Find the download for your appropriate version of Windows here, or GPU mining instructions for other operation systems here. 
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So we continue with the Install Ethminer  |
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And as simple as this: Download Geth here, using the directions for your appropriate operating system (Windows, Mac OS, or Linux), unzip it and run it. |
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