What is Ethereum cryptocurrency?

What is Ethereum cryptocurrency? In a simple definition of the Ethereum is a free and decentralized platform based on Blockchain technology. In Ethereum’s platform, you can do finance transitions and execute decentralized computer programs and codes and use them for free. “decentralizing everything” was the main idea of the Ethereum. Ethereum’s Creator is a young Russian-Canadian guy named Vitalik Buterin that was one of the first Bitcoin fans.

In the continue of this article in shetcoiner website we will introduce Ethereum and Blockchain technology. Stay tuned for the rest of this post.


What is Ethereum? Everything decentralized

Ethereum is one of the cryptocurrencies that was developed with its innovative Blockchain “decentralizing everything” for performing financial and monetary transitions with banks and Intermediaries removed, smart contracts and removing centralized servers for keeping the programming projects.

White Paper or Ethereum’s idea was released at 2013 and eth cryptocurrency started working officially at 2015. Vitalik Buterin founded the first decentralized, digital and distributed monetary system inspired by Bitcoin cryptocurrency and Ethereum’s network was made to make “decentralizing everything” idea come true.

In Ethereum’s smart contracts you don’t need to pay lots of money for unsafe and concentrated severs for executing your programs. You don’t need to pay high prices for server safety and saving and executing your codes. You can execute your code for unlimited times and decentralized by using Ethereum’s Blockchain and smart contracts.

Any manipulation and changes in your program and code in Ethereum’s Blockchain is impossible and that will decrease the possibility of control, censor or any modifications on your program.


The Ethereum Cryptocurrency

Nowadays, Ethereum cryptocurrency is one of the most popular cryptocurrencies of the crypto market after Bitcoin. Bitcoin in the classic currency of Crypto Market and Ethereum’s technology is a pioneer in presenting creativity and decentralizing everything. Ethereum’s price usually has a small difference with other cryptocurrencies and altcoins compared to Bitcoin and is closer to Bitcoin that any other currency. So after Bitcoin, Ethereum is the most valuable Blockchain and cryptocurrency for now.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button