What is Ethereum?

Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy. it's open to everyone, it's new ways to earn online for creators.

Ethereum's is decentralized finance (DeFi) system never sleeps or discriminates, with just an internet connection you can send, receive, borrow, earn interest and even stream funds anywhere in the world.

With Ethereum, anything you can own can be represented, traded, and put to use as non-fungible tokens (NFTs) you can tokenize your art and get royalties automatically every time it's re-sold or use for something you own to take out a loan Ethereum services are open by default you just need a wallet.

Ethereum and its apps are transparent and open source. you can fork code and reuse others that have already been built.

What Is Ether (ETH)?

ETH is a digital cryptocurrency similar to Bitcoin

ETH is the lifeblood of Ethereum, When you transaction in ETH you will pay a gas fee in ETH to use the Ethereum network. this fee is an incentive for a miner to process and verify your transactions. 

Miners are checked and solved that no one is cheating Miners who do this work are also rewarded with small amounts of newly issued ETH. 

Miners do keep the Ethereum environment safe and free of centralized control, ETH will become more important with staking when you stake your ETH you'll be able to help secure Ethereum and earn rewards.

Why does ETH have value?

ETH is valuable because you pay transaction fees. Ethereum was born of Vitalik Buterin’s vision to create a truly decentralized blockchain platform that can be used by companies to build successful and sustainable applications. It has a clear goal to support a world order with organizations and systems built on smart contracts.

How Can I Buy Ethereum?

Investors can buy and sell Ethereum of many cryptocurrency exchanges and Brokerage platforms including Coinbase, Kraken, Gemini, And Binance, and brokerage platforms such as Robinhood.

FAQs

What is an Ethereum smart contract?

A smart contract is an application code that is available at a specific address on the blockchain known as a contract address. Smart contracts are written in programming languages like Solidity, Vyper and compiled by Ethereum Virtual Machine into bytecode and executed on the blockchain.

Where can I get ETH, and where can I store it?

Giant exchanges or Brokerage platforms like Coinbase, Binance, Robinhood you can buy or store in a crypto wallet. 

What is a hard fork in Ethereum?

A hard fork is a change to the underlying Ethereum protocol, it's creating new rules to improve the protocol that is not backward connected. 

Is Ethereum secure?

ETH is presently secured by the Ethereum Blockchain A huge amount of computing power distributed by all the computers on the network verifies and secures every transaction, it is virtually impossible for any third party to interfere.