Ethereum cryptocurrency is the second-largest cryptocurrency in the world. We have heard a lot about cryptocurrencies especially Bitcoin in the recent decade. Also, there are a number of people who are making a huge profit while investing in it. However, there is still a lot to be unveiled about its evolving technology. I am sure, you have known about it because its buzz is a lot around us especially after the pandemic COVID-19.
So, what do you think? Are you making up your mind to invest? But Bitcoin is a bit expensive then what to do. Wait! TOP10.DIGITAL has come with a cryptocurrency which is just second after Bitcoin. Well, and that is Ethereum Cryptocurrency (ETH) and it is growing very rapidly. This article will help you a lot if you are searching for cryptocurrencies.
What is Ethereum Cryptocurrency?
Ethereum cryptocurrency is among the top two most famous and popular cryptocurrencies in the world. Actually it is an open-source platform that uses blockchain technology to create and run software and applications. Mainly its use is for its own cryptocurrency Ether whose symbol is “Eth”. So, it is to clarify here that cryptocurrency is Ether while the platform for this currency is Ethereum. However, people generally assume it also a cryptocurrency. Moreover, its initial release was in 2015 but its stable release came in January 2020.
Who is behind Ethereum Cryptocurrency?
Vitalik Buterin is the co-founder of Ethereum Cryptocurrency. Initially, he was keen to use Bitcoin and he started working on it in 2011. Eventually, he co-founded Bitcoin Magazine to publish the latest news about Bitcoin. However, soon he realized that there are a lot of issues in Bitcoin. One major among those was its limited functionality. So, he dropped his university and started working on Ethereum, and at the age of 21, he founded it. He said that Bitcoin is like a calculator while Ethereum is like a smartphone.
What is the price of Ether?
The price of Ether has experienced a lot of ups and downs. Once in January 2018, it nearly touched $1,100 but then its downfall started. It is also worth mentioning here that in Jan 2016, its price was just $2.58. So, in just two years it reached $1,098 that depicts its popularity. While in Jan 2019, just in a year, its price dropped to $107. But, again it started stabilizing itself and now its price is $388.
What is the focus market of Ethereum?
Ethereum cryptocurrency works globally and they want to grab share in the global market just like bitcoin. However, rules and regulations of the respective countries apply to it. Some countries still do not allow to trade business in cryptocurrencies. Therefore, Ether can not be marketed there. Overall, it is growing at a rapid pace in various parts of the world.
How can I buy Ether?
Well, you can buy Ethereum (ETH) from regular currency brokers, currency exchanges as well as many online cryptocurrency wallets. For the purpose, you will have to deposit a specific amount against the currency you want to buy. You can pay through bank wire transfer, credit card, debit card, and Paypal too. So, buying Ethereum is easier than some other cryptocurrencies.
Is it safe trading Ethereum?
Ethereum is more safer than might you think. They worked and invested a lot to provide a secure and safe platform to its users. They also said that we never compromise on security and privacy. However, using a decentralization app that are not vetted can leave you a little at risk.
TOP10.DIGITAL has brought all the necessary details to you. While the experts are predicting that soon Ethereum price will touch $1,000. So, there is a chance for those who are interested in trading cryptocurrencies.
You can also visit official site of Ethereum here.