The popularity of cryptocurrencies is growing every year. Ethereum is one of the most exciting cryptocurrencies. The term “Ethereum “, when translated from English, means ether. The creators so named the platform, and the exchange currency in it-ether, ETH.
History of creation
In 2013, programmer Vitaly Buterin published an article in which he outlined the idea of creating an independent virtual money world of Ethereum. It was intended that users would share services and digitized property among themselves without the participation of third parties.
In 2014, Buterin’s team worked to attract investors. In addition, she was engaged in product advertising. The developers used a method of voluntary funding to raise funds, otherwise known as ICO.
The idea of creating a platform for concluding smart contracts aroused public interest. The project’s ICO attracted more than $ 18 million. The collected amount was used to develop software.
In 2015, an early version of Ethereum was launched for the mass user. At that time, there were 11.9 million tokens in circulation.
By the beginning of 2018, the cost of one coin since the ICO has increased from 30 cents to 1400 dollars. This is the maximum price for the period of ETN existence.
Information about cryptocurrency
The use of crypts
They use ether to buy products, pay for services, or create new apps.
Exchange resources directly.
With the help of a smart contract, a transaction is registered without the participation of third parties. The smart contract automatically performs the necessary actions if the terms of the contract are met. The program automatically sends the money to the client. The result of the transaction is recorded by a computer program in the blockchain.
Blockchain technology is a sequential chain of blocks of information.
It is almost impossible to bypass system protection. It is necessary to control more than half of the network in order to access the database.
Click on the link https://ru.localcrypto.cloud/, it is possible to buy, sell, and exchange cryptocurrencies.
ETH pricing mechanism
The price, according to the market principle, depends on the request of consumers and the availability of the product.
The cost is affected by:
Advertising and user sentiment. The media is fueling interest in the crypt, and the price is rising.
The level of difficulty of mining coins. The more complex the mining, the smaller the offer. When there is a shortage, demand, and price increase.
The degree to which the token is needed. The ability of the platform to solve a specific problem.
Experts ‘ opinions
ETH takes second place in terms of capitalization after bitcoin. It is assumed that ether will constantly become more expensive if it becomes a circulating coin.
Two opinions about the future of the coin:
• Ethereum will be completely dependent on bitcoin.
• It will become an independent coin and lose its status as an alternative currency.
The cryptocurrency exchange rate depends proportionally on the development of the industry. During a financial crisis, ETH can be seen as a smart strategy to conserve resources. Analysts assume that the future of Ethereum will be associated with technical developments, the creation of computer programs, and innovative solutions.
Investors prefer Ethereum for the following reasons:
• convenience;
• operational expert review of securities;
the probability of getting into the listing of digital asset exchanges without any problems.
Ethereum has yet to improve to become a world-wide computer. Of course, there is a risk of hacker attacks and hacks. But theoretically, the development potential and capabilities of the platform are endless. In the opinion of experts, the presence of risk will pay off with a likely reward.
Results
in 2020, a wave of the Ethermine mining pool broke out. 13 thousand transactions were created per day. Users were rewarded instantly. The trend of activity and growth of transactions continues to grow.
The chart shows the price of ETN in dollars for the period from November 2019 to November 2020.
Cryptocurrency hackers have reduced attacks in 2020. The actions of scammers are the main negative parameter in the cryptocurrency industry. The source of the birth of myths about the unreliability of Ethereum.
To avoid becoming a victim of fraud, you must observe digital security:
go to verified links;
keep passwords secret;
store crypts in secure wallets.
Anyone who is not afraid to take risks and wants to work in the system should create a wallet. The program will help you make financial transactions: storage, exchange of crypts.
A desirable place for pictures – the picture of the purse
The electronic wallet displays the code without the personal information of the investor. The user performs operations anonymously, using the wallet number and access code.
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On the site https://ru.localcrypto.cloud/, it is possible to buy, sell, and exchange cryptocurrencies.