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About Etherium

What is Ethereum?

Ethereum (ETH) is a smart contract platform that enables developers to build decentralized applications (dapps) conceptualized by Vitalik Buterin in 2013. ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network.

Where did Ethereum come from?

Ethereum was first mentioned in 2013 in a whitepaper by Vitalik Buterin, a developer who was working on Bitcoin at the time. Buterin believed that Bitcoin should be made more customisable. He believed Bitcoin should go a step further than simply being a store of wealth and that it needed smart contract features to determine automatically when payments should occur, for example. This project was not taken up for Bitcoin, therefore Buterin created Ethereum in 2014 for this purpose.

How do I actually buy Ethereum?

You should try kraken.com there are markets directly in ETH/USD or ETH/EUR and you can pay by credit card. It's also a very well known and reputable exchange. But aware that it takes you a little while to verify your credit card / id / etc. so start the account creation asap and don't wait the moment you want to buy to do it.

What is the difference between Bitcoin and Ethereum?

Ethereum and Bitcoin share many similarities. In this article, we’ll try to highlight the most fundamental differences between them. The biggest difference is the purposes or ultimate goals of these projects. Bitcoin aims to be a store of wealth, a digital gold if you will, and eventually become a globally adopted currency which could improve or replace conventional money to some extent. The purpose of Ethereum is to become a platform upon which smart contracts and decentralised apps can run.

Do I need to buy a whole Ethereum?

Should I buy an Ethereum? This is a question most of us had at least once in our lives. Cryptocurrencies have captured our attention and refused to let it go. No matter where you go, you can’t avoid hearing about them. Ethereum is one of the biggest cryptocurrencies in the world. It’s discussed on TV, the Internet, around water coolers at work and coffee shops all over the world. In this crypto-crazed world, you can’t help but ask yourself, “Should I buy Ethereum or some other cryptocurrency?”

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