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About Ethereum
07-10-2018, 09:44 AM
Post: #1
About Ethereum
Ethereum (ETH) is an ingenious blockchain network, that announced in 2015, which utilised as a cryptocurrency. It has the second leading market capitalization of all the cryptocurrencies, though it’s a faraway second to Bitcoin which is 19 times greater.. While Bitcoin was developed as a currency, to be used like regular cash, Ethereum is simultaneously a platform and programming language that can be used to build and run applications on. As such, Ethereum has different aims.

Miners, who give computing power either towards the creation of new blocks or the processing of transactions, are compensated with new crypto-tokens called ether. Ether can be traded and used to run applications. As a tradable instrument, Ethereum has done well and has grown into the biggest altcoin on the market. Ethereum units can be bought or sold against other cryptocurrencies or fiat currencies like the USD or the EUR.


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