How to use Ethereum Cryptocurrency or Virtual Currency What is it and what is it for?

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Philippe Gloaguen

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What is Ethereum? How to get Ethereum? What is Ethereum cryptocurrency for? Where can I save Ethereum cryptocurrency? The world of cryptocurrencies is becoming more and more popular, it made its way with Bitcoin more than 10 years ago. In case you don't know what cryptocurrencies are? These are virtual currencies with which you can easily make transactions.

Despite Bitcoin both the cryptocurrency that has reached the strongest and highest value, is followed by numerous cryptocurrencies or cryptocurrencies. As in the case of the Ethereum virtual currency. Which you can have easily if you have a virtual wallet.

Although Ethereum is a cryptocurrency, it does not serve the same purpose as Bitcoin. If you are new to the world of virtual currencies and want to know more about Ethereum currency, today at miracomoseace we offer you a complete guide.

    How does the Ethereum platform work?

    The platform of the virtual currency or cryptocurrency Ethereum it works as a platform that has an open source. This is based on the same technology as the blockchain.

    The currency blockchain or Ethereum platform is similar to the Bitcoin blockchain in that it records and stores a history of transactions.

    Likewise, participating developers can build decentralized applications. OR what is known as "Dapps". Dapps are open source programs that use blockchain technology.

    Registering on the Ethereum platform is extremely simple, you just need to accept the virtual contractual agreements. You can top up your account with wallets such as Paypal, for this you just need to log into your paypal account and load the money at the address indicated.

    How to manage virtual currency?

    Ethereum is designed so that anyone can transact on its virtual platform. However, for this it is necessary meet a number of requirements or conditions .

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    The conditions or requirements for making transactions in Ethereum are found in Smart Contracts. Smart Contracts are transactions in which it is not necessary to know the seller or the buyer, in the same way it is not necessary that there is a "Trust".

    If the buyer or seller is illegitimate or unsafe, there will be no problem as in any case the conditions of the contract are not met, so the transaction will not take place. Thanks to this Ethereum has a decentralized and "dehumanized" network.

    To buy Etherum, the amount or value of the currency comes usually shown in currencies such as USD, GBP or EUR. The transaction is based on the sale of a quantity of currencies and then on the purchase of Ethereum. After purchasing Ether, you need to have a virtual wallet where you can deposit your newly purchased currency.

    One of the advantages of buying Ethereum is that in addition to being a supported cryptocurrency, its value increases in the same way Bitcoin does.

    What is Ethereum cryptocurrency and what is it for?

    Ethereum is more than just a cryptocurrency. The goal of this virtual currency goes beyond using it as virtual money. Ethereum's main utility is that of be the fuel for a computer world.

    The Ethereum virtual currency is the creation of the Russian Vitalik Buterin , Buterin's vision with Ethereum is how he hopes to see the internet in the not too distant future. The Internet is expected to change its computer servers with global reach or nodes. These nodes must store the corresponding information of the Blockchain chain.

    Ethereum was born giving rise to a confusion, at the time of its launch it had established itself as the platform and the virtual currency of this platform is called Ehter , however today the name Ethereum is associated with the virtual currency. From this point on, Ethereum and Bitcoin currency is no different, buying and selling Ethereum is as simple as buying and selling Bitcoin.

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    What is the difference between Ethereum and bitcoin?

    One of the most notable differences between these cryptocurrencies is that Ethereum it is created with a unique programming language called solidify , with which you can create fully programmed smart contracts from a computer. So you save yourself from lawyers in real life. As we know, Bitcoins have a total of 21 million coins available, but these are limited by not being able to increase.

    However, Ethereum has 107 million coins available on the market and these can continually increase. Ethereum is a platform, there you can create tokens in Bitcoin you can also do it but with a second basic platform.

    What is the price of Ethereum?

    The price of Ethereum depends on its daily price . However, it is currently positioned at $ 2103,53. That's why it has lately become a promising cryptocurrency on the market. In addition to its extensive functions in its operating system and its ease of payment. And not only this, but it guarantees total security in the transactions of its users, which makes it a very reliable and profitable cryptocurrency for its users.

    How to buy and invest Ethereum?

    To buy one of the basic applications for these operations is Coinbase , certainly reliable when making your own transactions. Now when you invest in Ethereum you can do so through an exchange that specializes in acquiring cryptocurrencies. One of the best known in this market is StormGain, a secure application for obtaining rewards of this type.

    For what purpose was Ethereum designed?

    This cryptocurrency was meant for decentralize the web thanks to the introduction of a series of components that promise 3.0k on the web. These components are: the publication of totally static content, dynamic messages, safe and reliable transactions without requiring third parties and a safe and functional interface.

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