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What is Ethereum? (ETH) PRICE & MARKET CAP!

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Ethereum is also a popular cryptocurrency like Bitcoin but has significant differences. It is an open source, decentralized and distributed blockchain network. Bitcoin can be used only as a digital currency whereas Ethereum is used as a technology to build new programs on top of that. In a nutshell, Ethereum is far advanced in terms of technology when compared with other cryptocurrencies. Ethereum was released in the year 2015. The currency of Ethereum is called Ether and is denoted by ETH.

ETHEREUM.png


Pros:

1. Smart contract: This is the most significant feature of Ethereum. Smart contracts are nothing but computer programs that gets automatically executed on the blockchain technology if it satisfies the given set of criteria. Developers can create their own codes and run them in the blockchain technology using smart contracts. They can run without any fraud or interference from the third party systems.

2. Low maintenance cost: If you can integrate or sync your system to the Ethereum blockchain, you can reduce the maintenance cost as it is completely managed by the blockchain technology of Ethereum.

3. Data security: Currently, the integrity and security of your confidential data depend on the third parties as they are stored on their servers. Ethereum technology aims to provide more control over the data to the creators than the third pay systems thereby reducing the chance of hacking.

4. Faster transactions: The average time taken to get confirmation for an Ether transaction in the blockchain is close to 3 minutes. So, it is faster when compared to Bitcoins.

Cons:

1. Gas fees are more for large-scale platforms.

2. Ethereum is used more as a technology than as a currency.

3. Ether is not widely accepted by merchants and is more used for internal purposes like paying transaction fees in the Ethereum blockchain.
 
I don't know about these altcoins. I'd rather see Bitcoin become more of a worldwide standard first, then come up with alternative cryptocurrencies. (That's assuming, of course, that they don't "fork" Bitcoin to death!)

Except for maybe Ripple, (which I think is a cryptocurrency used by banks and other institutions, and thus is kinda counter to the "libertarian spirit" of Bitcoin), I don't see that these altcoins currently are doing anything other than adding noise to the cryptocurrency markets. I admit that sometimes I accumulate Dogecoin through faucets because, since they're almost worthless, it's easy to get a whole bunch of them. But it would be fine with me if only Bitcoin existed right now.

Then again, I'm still cheering for Titcoin to get more acceptance! :D (Hows this for a marketing slogan: "Hooray for Tits!")
 
In my opinion ethereum is more popularly used as technology than current however when it come comes to coin fame and acceptability bitcoin has it and I doubt if ethereum will bits down bitcoin.
 
Etherium is top 2nd crypto currency in world ,its best for me as i invested a lot in etherium for intrests !!,i am also using faucet for free ether and using Myetherium wallet as its Secure!!, Its good crypto currency for long-term investment :AWESOME,thanx LIKE PLEASE!!..
 
As far today, Ethereum is second to Bitcoin in value, not very much but Ethereum is over 295$ per coin. Merchants might use it later because it still have value.
 
I heared a lot about it but i keep using bitcoin as as u said it is more popular and more accepted in all places and can be traded all over the world and for other cryptocurrency
 
I heared a lot about it but i keep using bitcoin as as u said it is more popular and more accepted in all places and can be traded all over the world and for other cryptocurrency
Bitcoin is still only virtual, but ethereum is real, if you are able to earn ethereum, then you can exchange it for hard currency through most of the wallet.
 
thank you for this information. wow, there's another form of cryptocurrency, i'm not yet familiar to bitcoin, satoshi, doge, and now, here's the other one.
 
I think from this review, I have been able to learn the basic things about ethereum and why it's almost catching up with bitcoins. Recently I noticed it on blockchain too. I think I'm interested in getting ethereum. Are they mined as well?
 
For me , i will just looking ETH as a normal currency like bitcoin !
After I earn a good amount of ETH, i just store it and hope for its price rises. And almost the hard folk of bitcoin comes, i will sell all ETH to bitcoin and wait for the folk!!
 
I have heard allot about Ethereum and this bitcoin currency. However, I have never understood what it fully means until reading this topic. Thank you for the explanation
 
I have downloaded this application named Akasha world. It mines the ether when we write article or post. And based on upvotes you earn from it. So it can be a good mining ether application. but not sure how it can be earning to many people. it seems like a good option for those who want to make some decent money. but as of now it can't be earning like steem. it is more or less slow system from what I have seen.
 
Second most popular cryptocurrency ethereum is getting popular with marchents. Amazon[.]com has registered amazonethereum[.]com domain with amazoncryptocurrency[.]com, amazoncryptocurrencies[.]com on 1st November ; Amazon already owns the amazonbitcoin[.]com domain and is doing sales with bitcoin. So it makes clear that after bitcoin, it is ethereum which is going to be another choice for marchents.
 
Second most popular cryptocurrency ethereum is getting popular with marchents. Amazon[.]com has registered amazonethereum[.]com domain with amazoncryptocurrency[.]com, amazoncryptocurrencies[.]com on 1st November ; Amazon already owns the amazonbitcoin[.]com domain and is doing sales with bitcoin. So it makes clear that after bitcoin, it is ethereum which is going to be another choice for marchents.
Ethereum was my seconds preferate cryptocurrency,because as value comes right after Bitcoin.If I would have the intention to collect other cryptocurrencies besides Bitcoin,that would be Ethereum.I think,that Ethereum is a very strong cryptocurrency and will stay on the market for a very long time(like Bitcoin).
 
Ethereum is also a popular cryptocurrency like Bitcoin but has significant differences. It is an open source, decentralized and distributed blockchain network. Bitcoin can be used only as a digital currency whereas Ethereum is used as a technology to build new programs on top of that. In a nutshell, Ethereum is far advanced in terms of technology when compared with other cryptocurrencies. Ethereum was released in the year 2015. The currency of Ethereum is called Ether and is denoted by ETH.

View attachment 2954

Pros:

1. Smart contract: This is the most significant feature of Ethereum. Smart contracts are nothing but computer programs that gets automatically executed on the blockchain technology if it satisfies the given set of criteria. Developers can create their own codes and run them in the blockchain technology using smart contracts. They can run without any fraud or interference from the third party systems.

2. Low maintenance cost: If you can integrate or sync your system to the Ethereum blockchain, you can reduce the maintenance cost as it is completely managed by the blockchain technology of Ethereum.

3. Data security: Currently, the integrity and security of your confidential data depend on the third parties as they are stored on their servers. Ethereum technology aims to provide more control over the data to the creators than the third pay systems thereby reducing the chance of hacking.

4. Faster transactions: The average time taken to get confirmation for an Ether transaction in the blockchain is close to 3 minutes. So, it is faster when compared to Bitcoins.

Cons:

1. Gas fees are more for large-scale platforms.

2. Ethereum is used more as a technology than as a currency.

3. Ether is not widely accepted by merchants and is more used for internal purposes like paying transaction fees in the Ethereum blockchain.
Good day! I heard that etherium will be next to bitcoin many are waiting to see their investment grow .
 
I guess i should start collecting ethereum from now on. Looks like it has a potential to increase its value just like bitcoin did. If bitcoin price goes down, i feel ethreum will be the next on spotlight.
 

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