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You can find more details about Ethereum on its official website and on the block explorer. Ethereum ETH is an open-source, blockchain-based distributed computing platform featuring a smart contract scripting functionality. The cryptocurrency provided by Ethereum is known as Ether and it is transferred from one account to another to compensate participant nodes for performed computations. In stark contrast to Bitcoin, Litecoin and other forms of cryptocurrency, Ethereum is used mainly as a computing platform and not as a payment system.
Participants share computing powers to provide the system with fuel, in a process more commonly known as mining, and in return, the system provides them with Ethers. In order to use this platform, you need to either mine Ethers and pay using them or purchase some from others. It gives users an opportunity to build and deploy decentralized apps and therefore make use of the processing power. Ethereum is also used as a platform for launching different cryptocurrencies. Developers of other currencies are able to use the token as a template to earn money with an ICO.
Ethereum was launched on 30th July , and soon the first transactions followed. It took just a month for Ether coins to start being sold for 1 to 3 USD. Around that time the project named DAO was being crowdfunded through Ether. The ICO was drawn to a halt, as later in June there was an exploit discovered that allowed a hacker to take millions of Ether from the amount achieved by the crowdfunding for DAO. One of the major reasons for this was the conflict in the community that erupted between members who considered that the protocol should be changed and those who thought it should remain the same.
The easiest and quickest way to buy Ethereum is directly from someone who already owns it. You can ask a person who owns ETH to transfer it to the address of your wallet and then pay him the money back, either in person, by bank transfer or using PayPal. The downside of this method is that it requires that there is a level of trust between two parties.
As a way of making it easier and less stressful, there are many established and reputable services that sell cryptocurrencies, including the aforementioned Ether, for the fiat currency of your choice. By doing it this way, you will send the compensation to them first, based on their reputation, and they will then credit the appropriate address with the correct amount of ether.
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Support center. Capital System status. Get the app. Log In Trade Now. My account. Sell - Buy -. Charts currently unavailable. Grab a coffee. Refresh and try again. Trader sentiment. Spread Long position overnight fee Short position overnight fee 0. Ethereum is the base currency, Bitcoin is the counter currency. Ethereum is known as the most popular cryptocurrency after Bitcoin.
It was introduced in by Vitalik Buterin. The cryptocurrency acts as a reward for miners who improve the Ethereum network.
Interactive Chart for Ethereum BTC (ETH-BTC), analyze all the data with a huge range of indicators. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage. View live Ethereum / Bitcoin chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well.