Ethereum
Ether
After the first mentions of the Bitcoin cryptocurrency in 2008, the triumphant march of digital currencies began. In a short time by the standards of financial transactions, more than 600 cryptocurrencies emerged, and their popularity and prevalence reached peak levels.
Since its launch, the cost of cryptocurrency has been constantly growing. But users are attracted to it not only by the favorable price, but also by a number of features characteristic only of digital currency. This asset has properties that no other fiat money has. Along with Bitcoin, another investment vehicle is in particular demand - Ether.
What is Ethereum?
There are several definitions of what Ethereum, or Ether, is. Ethereum is a blockchain platform for decentralized applications, the second cryptocurrency and the first altcoin. These definitions are precise and capacious, but eth has slightly more properties than just a cryptocurrency.
Ethereum is a technology, since it does not have a material embodiment, like, for example, fiat money. It exists only in electronic form, but can be used to make payments, invest, or store and increase savings.
It is important to understand that Ethereum is a universal distributed system of smart contracts based on blockchain technology. And Ether (Ether), or eth, is a cryptocurrency used to operate applications created on the basis of Ethereum.
Ethereum chart and growth dynamics over time
The Ethereum rate chart for the entire existence of this cryptocurrency will help to clearly demonstrate the scheme of changes in the value of eth.
The dynamics of the Ethereum rate demonstrates the continuous development of this type of digital funds. It does not do without falls, however, this is a natural state for any financial market and resource. After each decrease in the value of Ethereum, a growth stage begins. This indicates that this cryptocurrency is beneficial for both investors and those who are just going to make an exchange transaction.
ETH Market Capitalization
The market capitalization of Ethereum (ETH) is more than four hundred billion dollars. The token ranks second in the CoinGecko rating by capitalization indicator. Market capitalization is calculated by multiplying the price of eth tokens by their number in circulation (currently, there are more than 120 million tokens on the market).
Ethereum Analysis and Forecast
There is optimistic sentiment towards Ethereum today. According to the latest data, the current price of Ethereum is just under four thousand dollars, and ETH confidently ranks second among all cryptocurrencies. The circulation volume of Ethereum is more than four hundred and fifty billion US dollars, and the market capitalization is about one hundred and twenty million ETH.
Over the past 24 hours, this cryptocurrency has increased in value by more than one hundred dollars. Over the past week, Ethereum has shown stable growth, increasing by more than 20%. Ether has shown significant potential lately, so it can be considered an excellent option for investment.
Over the past month, the price of eth has also increased, which has noticeably affected the cost. This is a very significant growth rate, which means that the coin can be used as an excellent asset if it continues to show such an impressive rise.
According to the technical analysis of the Ethereum price forecast for next year, the minimum value of this cryptocurrency will be about three thousand US dollars. The maximum level that the Ether rate can reach will be about three thousand US dollars, which will be the average price in the forecast.
Countries with Ethereum direction
How to buy Ether coin?
There are several ways to buy Ether coin:
- Purchase for fiat money on a cryptocurrency exchange. Ether is associated with an account on Ethereum, for this you need to know the account address and a code phrase or a hidden key to it.
- Purchase with a bank card through the Trustee Plus platform.
- Purchase using an exchanger.
In the Ethereum network, a transaction is a signed message sent from one Ethereum account to another account.
Where is it profitable to exchange Ethereum?
You can quickly exchange eth at the most favorable rate using the Obmify service. It contains the best exchange offices that provide this service. Their activities are regularly checked, so using the service is safe.
The system works reliably and has a simple and clear interface. If you set the exchange direction, you can automatically get access to those crypto exchangers that provide the desired form of exchange, and in the country and city that the user is interested in.
Actual Ethereum rates
How is Ethereum different from Bitcoin?
Bitcoin is the first and most popular cryptocurrency. But, unlike Ethereum, it is only a cryptocurrency that has the following positive properties:
- Decentralization;
- Anonymity;
- Built-in mechanism to counteract inflation.
Ethereum is a tool for creating decentralized services, that is, it is broader than just a cryptocurrency, with the following advantages:
- Decentralization.
- Anonymity.
- Built-in smart contract mechanism.
- Built-in inflation protection mechanism.
- Work speed.
Ether differs from Bitcoin in the ways it protects against inflation:
- Bitcoin uses the "halving" mechanism, that is, a 50% reduction in miners' reward automatically every 4 years. Mining Bitcoin in this way is becoming less and less profitable, and the Bitcoin emission is limited to 21 million coins;
- Ether uses the "reduction" mechanism - this is also a reduction in mining rewards, but in "manual mode", as needed. The emission of Ether is not limited.
Transactions in the Ethereum system are faster. If Bitcoin is capable of processing 4 transactions per second, then Ethereum is already 20 operations per second.
The main difference between eth and bitcoin is smart contracts, which are not present in the bitcoin blockchain. And if bitcoin was conceived only as a digital currency, where the only possible type of transaction is the transfer of funds, then Ethereum is a system consisting of cryptocurrency and a mechanism for its use (conclusion of transactions) - smart contracts.
This is the value of the second cryptocurrency. Both systems operate on blockchain technology. In both cases, the blockchain is a registry where information is stored. But if the bitcoin blockchain can store information exclusively about the ownership of the BTC cryptocurrency itself, then the Ethereum blockchain was originally created to store data for any applications. The advantage of Ethereum is its versatility.
Price of Ethereum (ETH) in Real Time
The price of (ETH) against the dollar today is 2061.64 $. The Ethereum coin can be exchanged in 47 countries and 149 cities worldwide. Currently, the site features 140 pairs for exchanging ETH for other electronic currencies.
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