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Tuesday, July 23, 2019

Ethereum Guide For Beginners



Ethereum is the public source open blockchain cryptocurrency. The token blockchain generate is known as ether.

Ethereum is also one of the valuable cryptocurrency due to the high market price of ether. Anyone wishing to invest in cryptocurrency needs to be familiar with the Ethereum.

The official website of is Ethereum.org.  



Release of Ethereum


The Ethereum was released on 30 July 2015 with the 72 millions of coins “premined”. Although the Ethereum was proposed in 2013 by Vitalik Buterin.

Ethereum Versus Ethereum Classic


In the year 2016, Ethereum split into two-block chain one is Ethereum (ETH) and other is Ethereum Classic (ETC).

This is due to the theft of $50 million dollar ether from a native platform.


Ethereum Price


Like other digital currency, the price of Ethereum fluctuated on a daily basis. This is due to the lack of a central governing system to control currency.

Ethereum News


Ethereum is the second-largest cryptocurrency next to Bitcoin. Due to this, it receives immense public attention.

Ethereum Wallet


The wallet is for storing the information about the Bitcoin. Some of the safe wallets available are Trezor, Coinbase, and others.

Ethereum Classic  


Ethereum classic is the digital assets. The official website etheriumclassic.org claimed it as smart technology. It compares Bitcoin as the landline phone whereas Ethereum Classic as the smartphone.

Ethereum Price Prediction


Ethereum is a valuable cryptocurrency of our age. Like other dominant cryptocurrencies, the price of the Ethereum is believed to skyrocket in the coming year.

Ethereum Miner


Ethereum can be mined by using the Graphical Processing Unit (GPU). Based on solving complex mathematical problem Ether is rewarded.

It is essential to get an Ethereum Wallet and join the mining pool.  

Ethereum Vs. Bitcoin


Bitcoin is the most valuable and first currency based on blockchain technology. Bitcoin is a digital currency.

Ether is the digital currency of Ethereum. Ethereum is the platform is not the currency.

Criticisms


Like another cryptocurrency, there have been cases of using Ethereum by criminals.

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