Sirwin
Sirwin

What is Ethereum?


So here we are in our second topic. The Ethereum

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Ethereum was founded in 2015 by Vitalik Buterin and Gavin Woods. The second largest platform cryptocurrency. Ethereum uses blockchain technology that runs Decentralized Digital Application (DApps). It was built to create Smart Contracts. Ethereum is a decentralized system meaning its not controlled by anyone and its fully autonomous. Clouds and servers are replaced by "Nodes" with Ethereum (forming a World Computer).

Ethereum Wallets. A place where you store your coins. It can be mobile or hardware. You need to store your private keys in a safe place. Its not just ordinary password, it means if you lose it, you need to say goodbye forever.

Currently, Ethereum is one of the most purchased and used coins for payments and purchases. It has a potential in long term investments.

 

Ethereum Price (as of 4:19pm, July 10, 2020) - $238.77

 

Source: https://www.binance.com

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