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A Crypto Currecny, currently the second biggest (by market cap) in the space.
Unlike Bitcoin, Ethereum has some unique properties which distinguishes itself from the rest.
In addition to payments the Ethereum blockchain it can host smart contracts!
[THREAD]
A Crypto Currecny, currently the second biggest (by market cap) in the space.
Unlike Bitcoin, Ethereum has some unique properties which distinguishes itself from the rest.
In addition to payments the Ethereum blockchain it can host smart contracts!
[THREAD]
A smart contract is stored on the Ethereum Blockchain for the world to see.
This transparency builds confidence / trust with the relative application using it.
The applications which use smart contracts are often referred to as Decentralized Applications, or Dapps.
This transparency builds confidence / trust with the relative application using it.
The applications which use smart contracts are often referred to as Decentralized Applications, or Dapps.
A traditional application is built up with the following architecture:
Front End โ API โ Database
In comparison a decentralized application is more like:
Front End โ Smart Contract โ Blockchain
So... What's the benefit?
Front End โ API โ Database
In comparison a decentralized application is more like:
Front End โ Smart Contract โ Blockchain
So... What's the benefit?
The benefit is decentralization.
No single entity controls the smart contract (which is basically logic stored on the blockchain).
It is completely trustless and open source meaning the functionality is open to the public and can be seen / inspected by anyone!
No single entity controls the smart contract (which is basically logic stored on the blockchain).
It is completely trustless and open source meaning the functionality is open to the public and can be seen / inspected by anyone!
If you would like to get hold of some $ETH you can get some via Coinbase, the preferred exchange for many.
The market is still nascent & the upside potential is huge.
Upon regulatory certainty you can expect the Crypto market to explode! https://www.coinbase.com/join/swan_q
The market is still nascent & the upside potential is huge.
Upon regulatory certainty you can expect the Crypto market to explode! https://www.coinbase.com/join/swan_q
If you would like to discover how you can earn +$100 worth of #crypto in just a few short hours, make sure to check out my guide:
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