Ethereum (ETH)

in #bitcoin8 years ago


If you know even little about Bitcoin, you probably think that Ethereum is similar to bitcoin. You're right, except for one small but important detail: the Ethereum network is programmable. Bitcoin, on the other hand, is passive: if you want to make a transaction, you can do it yourself by loading your virtual wallet, entering an address and an amount, and pressing "send". Then we only need the intermediary to confirm the transaction.


What is the ethereum?


The ethereum is a digital currency developed in open source software and based on blockchain technology that allows developers to develop and implement decentralized applications that generates intelligent contracts. The ethereum was proposed in 2013 by Vitalik Buterin, cryptocurrency researcher and programmer.


What is ether?

The "currency of exchange" of the chain of blocks (blockchain) Ethereum is called ether. You can use it to pay the transaction fees and computer services in the ethereum network.


What is the difference between ethereum and bitcoin?

Like bitcoin, the ethereum is a public and distributed blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that the bitcoin and the ethereum differ substantially in their purpose and in their capacity. While the bitcoin blockchain is used to follow the trail of ownership of the digital currency (the bitcoins), the chain of blocks ethereum focuses on executing the programming code of any decentralized application.


What is a smart contract?

Intelligent contract is a term used to describe the computer code that can facilitate the exchange of money, content, property, stocks or any other valuable object. Given that intelligent contracts are executed in blockchain, this is carried out exactly as they are programmed, without any possibility of censorship, stoppage, fraud or third party interference.


What is the blockchain?

The blockchain is a digital accounting in which transactions made in cryptocurrencies are recorded chronologically and can be viewed publicly.


What is an ethereum portfolio?

The ethereum portfolio is a gateway to the decentralized applications of the blockchain ethereum. It allows you to maintain and secure ether and other cryptocurrency values

in ethereum, as well as write, implement and use smart contracts.


How can I buy ethereum?

The most frequent way is to buy ethereum on cryptocurrency platforms such as GDAX, Poloniex or Bitfinex, or directly to other people through markets and auction sites. Acquisitions can be carried out in different ways, from cash and debit cards to transfers electronic, or even using other cryptocurrencies.


How do you choose an ethereum market?

There are a number of factors to consider when choosing which cryptocurrency exchange platform to start investing in and operating. Some of the most important are: transaction costs, accessibility, liquidity conditions, reputation, transparency and even the country in which the exchange platform is located. In the end there is no exchange platform by which start that can be described as right or wrong, but we advise you to "do your homework" before



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