What Is Ethereum?
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Knowing a cryptocurrency means understanding its variety. People tend to use bitcoin since it is popular, but ethereum will not leave it alone in the front under the fame of cryptocurrency.
Ethereum is known as an open-source blockchain network that helps to make an ease on smart contract scripting. It introduced as new functionalities and applications because its decentralized applications that function on blockchain.
It is impossible nowadays knowing crypto market without knowing ethereum. Grow stronger, this token helped to revolutionize crypto into this level. Ethereum mostly always placed second in the market cap based on its popularity. The market cap shows that companies and people also use ethereum as their alternative rather than others.
Ethereum is often referred by people as a cryptocurrency, but that reference is absolutely incorrect. As mentioned before, it is the platform that the cryptocurrency Ether functions within. Within this ecosystem, Ether’s primary role is to compensate miners for performing EVM computations. EVM itself is the shortened from Ethereum Virtual Machin, virtual stacks embedded within each full Ethereum node.
Investing on Ethereum is easy. There are many major exchanges that trade ETH as one of its main coins. To start investing on Ethereum, you better head over to a secure and reputable exchange such as Binance, KuCoin, Poloniex, or Bittrex.
Firstly, you can buy ETH directly using fiat currency such as USD or EUR. This strategy can take longer and cost more than exchanging cryptocurrency for Ethereum. However, it is one of the best ways to enter the crypto market.
The second way to acquire ETH is by trading some other cryptocurrency for it. It would be difficult today to find an exchange that wouldn’t happily trade ETH for nearly any token on the market. This condition make investors easily choose their desired platform to do the trade as fit their needs and interest than offer the token you wanted.