Ethereum (Ether)
What is Ethereum?
Ethereum is an opensource?block chain?platform. It provides data friendly services irrespective of geographical locations. The opensource programmable?blockchain technology?describes itself as a market place for financial services, apps and entertainment services. This is safe from frauds, censorship or theft.
What is Ether (ETH)?
Ether (ETH)?is a cryptocurrency owned by Ethereum?blockchain platform. It is now second largest to?Bitcoin?in market value.
History of Ethereum.
A small group of?blockchain?enthusiasts founded it in July 2015.?Joe Lubin, the creator of ConsenSys, a?blockchain?applications company that leverages the Ether network, was among them.?Vitalik Buterin, another co-founder, is credited with inventing the Ethereum idea and currently acts as its CEO and public face.
The Ether coin was created for use on the Ethereum network. However, Ether, like Bitcoin, is now accepted as payment by certain retailers and service providers. Overstock, Shopify, and CheapAir are just a few examples of online stores that take Ether as payment
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What makes Ethereum unique?
It was the first to introduce the concept of a blockchain smart contract platform. Smart contracts are computer programs that automatically carry out the operations required to fulfil an agreement made between many parties through the internet. They were created to eliminate the need for trusted intermediaries between contractors. As a result transaction costs will reduce, while enhancing transaction dependability.
Through the usage of the ERC-20 compatibility standard, it’s blockchain may house additional cryptocurrencies known as “tokens” in addition to smart contracts. Indeed, this has been the most prevalent application of the ETH platform so far. Over 280,000 ERC-20-compliant tokens released to date. Over 40 of these are among the top-100 cryptocurrencies in terms of market valuation.
Where can you buy?
Given that it is the second-largest cryptocurrency after Bitcoin, it is feasible to?purchase Ethereum?or utilise ETH trading pairs on practically all major cryptocurrency exchanges. Among the most important markets are: