Ethereum is a highly decentralized, public, open-source blockchain-based platform that is wholly autonomous and runs smart contracts. Ethereum comes with very powerful infrastructure, which enables its robust decentralized applications (dApps) ecosystem.
Developers can build markets, complete transactions, store various information on the Ethereum blockchain. The cryptocurrency that is used with Ethereum is known as Ether, and this is stored in the Ethereum Wallet.
Ethereum wallets also allow you to store other crypto-based assets, and at the same time create, deploy and utilize your smart contracts.
Ethereum is a very powerful and popular blockchain technology on which many other exciting new technologies are being built in the cryptocurrency space.
The idea of Ethereum was first described by a programmer named Vitalik Buterin in a white paper in late 2013, and his goal was to build decentralized applications. His white paper was thus shared among some of his friends, and then it spread further.
His idea gained the favor of a few individuals, and subsequently, it was announced publicly in January of 2014. The core members of Ethereum were Vitalik Buterin, Anthony Di Iorio, Gavin Wood, Mihai Alisie, Charles Hoskinson and Joe Lubin.
Ethereum was thus able to raise a little over $18 million, and since its launch, the platform has been used by many, and it continues to grow at a rapid pace.
Using Ethereum is relatively easy, and all you need to use this platform is either a computer or a smart device such as your smartphone or tablet. The first requisite for you to use Ethereum is called Ether, which is the native cryptocurrency or gas that is used for updating the blockchain in Ethereum.
After you have acquired Ether, you need to store them securely in a safe place, and this is known as Ether Wallets. Each Ether wallet has its own unique address. After your Ether has been stored in your Ethereum wallets, you can now create or join smart contracts which will automatically finish the agreement so that there is no need for a third party.
While using Ethereum there is no third party involved to facilitate the transfer or transaction of money, as such the system is decentralized and no additional fees have to be paid to any other party.
Since its inception, Ethereum has grown on to become one of the most popular Cryptocurrency platforms in use today, and as such some of the best features of Ethereum are as follows:
There are many benefits which Ethereum brings to the table, and some of its benefits are as follows:
These are some of the benefits of Ethereum, and if you want to know How to buy Ethereum, Ethereum price and Ethereum Price Prediction continue reading below.
Ethereum, as we all know, is a platform, and the cryptocurrency used in Ethereum is known as Ether. For you to buy Ethereum, you need to have an Ethereum wallet to store your Ether, after which the next step is to purchase Ether from an Ethereum exchange by using your credit card or debit card. Some of the best and most popular exchanges for buying Ethereum are Coinmama, Cex.io, Coinbase and BitPanda.
Source: NEWSBTC - 18 hours ago
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