Ethereum is an open source, public, blockchain based distributed computing platform. It’s primary focus is to provide a platform for decentralized applications (DApps) and smart contracts. The goal of the Ethereum community is to create a more secure, reliable and transparent financial system.
Ethereum has its own cryptocurrency called ether. Ether is used to pay for transactions on the network. Ethereum uses a proof-of-work system to validate transactions. This means that every time a transaction is made, the miners must do work to process it. This work is rewarded with ether. This allows the network to maintain a consistent level of security.
The main difference between Ethereum and other blockchains is that Ethereum’s network is decentralized. Decentralization means that no single entity controls the network. In order to become part of the network, users need to stake some of their ether in order to receive mining rewards. Staking means that the user is responsible for maintaining the network. If they fail to do so, the network will shut down until they take action. This is done to prevent malicious attacks and to ensure that the network remains safe and secure.
Ethereum is not a new technology. It was created by Vitalik Buterin in 2013. Since then, the network has grown to include over 1 million users and more than 100,000 DApps.
Ether
Ether is the native cryptocurrency of the Ethereum network. It’s also referred to as ETH. Ether is a token that is used to pay for transactions in the network. Every time a transaction is made, a miner must do work to process it and receive ether. This allows the network and its users to maintain a consistent level of stability.
Ether is currently valued at $0.84. It has a market capitalization of $1.2 billion and a circulating supply of about 1,823,000,000.
There are a number of exchanges where you can trade ether. These include Bitfinex, Coinbase Pro, Gemini, HitBTC, Kraken, Poloniex, and Bittrex.
If you want to buy ether, you can go to one of these exchanges and purchase it directly. You can also go to any crypto wallet and send it to an exchange or another wallet.
