ETHEREUM

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4 Jan 2024
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Ethereum is the second largest cryptocurrency in terms of market capitalization, after Bitcoin. It is also a decentralized computing platform that can run a wide range of applications, including the entire DeFi universe. Launched in 2015, Ethereum is the second largest cryptocurrency in terms of market capitalization, after Bitcoin. But unlike Bitcoin, it is not designed to be a digital currency. Ethereum's founders set out to develop a new global, decentralized computing platform that takes the security and openness properties of blockchains and uses them in a wide range of applications. Everything from financial instruments and games to complex databases already runs on the Ethereum blockchain. The only limit to the potential that this blockchain can reach in the future is the imagination of the developers. As the non-profit Ethereum Foundation puts it: “Ethereum can be used to encode, decentralize, secure and exchange almost anything.”
What is the cryptocurrency Ethereum (ETH) and how does it work? Ethereum is an open-source, decentralized blockchain platform that uses its native coin Ether (ETH) to pay transaction fees (called “gas”). The platform can handle everything from currency and non-fungible tokens (NFTs) that can represent any asset, to executing advanced processes through “Smart Contracts”. Developers can use the Ethereum network to run decentralized applications (dApps) and issue entirely new crypto assets known as ERC-20 tokens. Interested in Ethereum (ETH) but don't know what it's all about or where to start? No worries. This guide is designed to teach you everything you need to know about the project and get you ready for the most user-friendly trading experience on the market

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