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About Ethereum

Postby KPKP868686 » Tue Jul 10, 2018 2:00 pm

Ethereum (ETH) is an ingenious blockchain network, that offered in 2015, which implemented as a cryptocurrency. It has the second premier market capitalization of all the cryptocurrencies, though it’s a distant second to Bitcoin which is 19 times much wider.. Although Bitcoin was developed as a currency, to be used like regular money, Ethereum is on top of that a platform and programming language that can be used to build and run applications on. As such, Ethereum has different motivation.

Miners, who provide computing power either towards the creation of new blocks or the processing of transactions, are awarded with new crypto-tokens called ether. Ether can be traded and used to run applications. As a tradable tool, 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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