Ethereum is definitely up there as one of the most popular digital currencies in the world and a lot of our traders have it in their portfolios. Go ahead and use the calculator to see how much Ethereum you want to buy or sell.
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Ethereum, or ETH, which is its ticker symbol, is a cryptocurrency that uses the blockchain platform. As a cryptocurrency, Ethereum is decentralised.
Where did Ethereum come from?
Well, Ethereum was first talked about in a white paper that was published by Vitalik Buterin in 2013. Vitalik is a renowned computer programmer and also co-founded Bitcoin Magazine in 2011. Even though he published the white paper in 2013, it wasn’t till 2014, Vitalik launched Ethereum. He wasn’t on his own in this venture as he launched Ethereum along with Gavin Wood, Charles Hoskinson, Anthony Di Iorio, and Joseph Lubin.
How does Ethereum work? This cryptocurrency is built on
a virtual computer and the thing that’s interesting with
Ethereum is that it uses a programming language which allows third-party developers to create and run smart contracts. If you’re wondering what “smart contracts” are, you needn’t worry any more. Smart contracts are computer applications that can automatically facilitate, verify, or enforce the terms of a contract that’s been entered into by a human or a bot, which is a fancy word for piece of software with some AI capabilities. Another really interesting fact about Ethereum is that the distributed computational resources that prop up the Ethereum network are paid for in Ether, which is an Ethereum currency unit.
Ethereum is called the “Digital Oil”, which means that it’s viewed in the commodity category when it comes to categorising cryptocurrencies.
Kick-start your own crypto empire with as little as $€£5! And make Ethereum the first cryptocurrency you buy.
