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Introduction of Ethereum

Jeremy
Jeremy Posts: 15037 Points

What Is Ethereum?

Ethereum is a blockchain platform with its own cryptocurrency, called Ether (ETH) or Ethereum, and its own programming language, called Solidity.

As a blockchain network, Ethereum is a decentralized public ledger for verifying and recording transactions. The network's users can create, publish, monetize, and use applications on the platform, and use its Ether cryptocurrency as payment. Insiders call the decentralized applications on the network "dApps."

As a cryptocurrency, Ethereum is second in market value only to Bitcoin, as of May 2021.

Understanding Ethereum

Ethereum was created to enable developers to build and publish smart contracts and distributed applications (dApps) that can be used without the risks of downtime, fraud, or interference from a third party.

Ethereum describes itself as "the world's programmable blockchain." It distinguishes itself from Bitcoin as a programmable network that serves as a marketplace for financial services, games, and apps, all of which can be paid for in Ether cryptocurrency and are safe from fraud, theft, or censorship.

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Comments

  • albert
    albert Posts: 140 Points
    Ethereum earning improvement needed. Like free earning Ethereum faucet. 
    Simple no hassled.
    Like mining.
    Ptc.
    Shortlink
    Offerwall..ect..

    Hope upgrade



     ⛏️
    Free..crypto link her
  • cryptocoin
    cryptocoin Posts: 34 Points
    Nice information about ethereum indeed.Very informative.One can find good information about so many cryptocurrencies here on this forum.He/she needs to start exploring all the posts here.
  • tallychen
    tallychen Posts: 22 Points
    Why some currencies are not able to deposit..? Please fix this issue in faucetpay.
    Please we need this problem to fix as soon as possible to deposite . Kindly solve this more convenient way of deposit and withdrawal.
    Looking forward for the best .
  • Damilola247
    Damilola247 Posts: 156 Points
    Ethereum is another cryptocurrency which is the second largest in market size.
    Ethereum was invented by Russian Vitalik Butterin.Ethereum works as a peer to peer currency transactions which is decentralized from Government and Central Banks.Ethereum has hard forks which birth Ethereum Classic and eventually there is another upgrade which birthed the Ethereum2.0.
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