Hello people all over the world, today in this post, I will discuss about a famous cryptocurrency after BTC (Bitcoin), that is called ETH (Ether).
ETH or Ether is a cryptocurrency is the second famous cryptocurrency after Bitcoin(BTC) for Web 3 internet for decentralized exchanges. It runs on Ethereum open-source blockchain.
What is Ethereum ?
Ethereum is an open-source blockchain which provides it's native cryptocurrency ETH which runs into it, features like smart contracts feature which is required to build many applications based on Ethereum on that chain.
Who developed it ?
This term 'Ethereum' is coined by it's cofounder, a Canadian computer programmer Vitalik Buterin in 2013-14, who is also a founder of the cryptocurrency ETH, which runs into it.
By 2015, it is a workable chain, developed by crowdfunding done by Vitalik Buterin past 5 years.
What it costs to People ?
Ethereum allows any person to deploy their permanent and immutable applications such as DeFi (Decentralized Finance) (I will talk later in my new posts), NFTs, blockchain games, etc,.... .
How it is represented ?
It is represented by Ether or ETH and it's symbol is Ξ
Example to represent 5 Ether, you can represent it in different ways, like :-
1- 5 Ξ
2- 5 ETH
3- 5 Ether
If you see your Ether balance in different Web 3 wallets, it is represented different there for all wallets.
Like for example MetaMask,
'Random image taken from internet'
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Thank you for reading.
Look at this my post, on How to setup Meta Mask Web 3 Wallet, if you haven't created till now, I have explained here in detail :-
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