What is Ethereum?
Ethereum is a blockchain platform that has its own cryptocurrency and its own language, Ethereum's cryptocurrency is called Ether and its language is called Solidity. Ethereum is a type of cryptocurrency.
You may have heard the names of different cryptocurrencies such as: Bitcoin, Dogecoin, Litecoin, Icoin etc. Cryptocurrencies are available. Similarly, Ethereum is a type of cryptocurrency. which has no physical existence but has monetary value. 1 Ethereum is equal to 144,080.66BDT in Bangladeshi Taka, the value of which changes constantly.
Vitalik Buterin created the Ethereum cryptocurrency as an alternative cryptocurrency to Bitcoin. But it works the same way as Bitcoin. You won't find much difference between bitcoin and ethereum.
We all know that when the demand for something goes up, its value goes up, just as the demand for cryptocurrency increases, its price will gradually skyrocket. The price of Ethereum has been steadily increasing over time. As a result, cryptocurrency traders and investors are showing great interest in this coin. As a result, the more the demand increases, the higher the price.
How does Ethereum work?
Like other cryptocurrencies including Bitcoin, Ethereum is based on blockchain technology. Ethereum is a cryptographic token, which consists of a series of secure, public records linked together that are difficult to change because they are linked to user data, time and date, and changes are notified to all users. It uses strong security technology like block chain so it is completely safe. Hacking Ethereum is not possible.
How to buy Ethereum?
To buy Ethereum you need to visit www.coinbase.com website. You can't buy Ethereum coins just by visiting the website, you have to open an account. Then go to buy sell page then you can buy as per your requirement. It is good to say that no money is required to create an account, you can create your own account for free at any time.
After creating the account, you need to login. After that you have to select Ethereum from your currency and then you can easily buy Ethereum by paying through your local currency. Buying Ethereum is hassle-free, you can buy it yourself without anyone's help.
If you think you made a mistake after buying it, you can collect Ethereum by mining Ethereum and sell it to convert it to your local currency.
History of Ethereum
Ethereum is a decentralized, open source blockchain with smart contract functionality. Ether is the platform's native cryptocurrency. Among cryptocurrencies, Ether is second only to Bitcoin in market capitalization. Ethereum was created in 2013 by programmer Vitalik Buterin.
who is a resident of Canada and who was born in Russia. He first published this idea in 2013. And it took two years to make it fully operational.
Vitalik Butarin was a very bright student from an early age with a keen interest in mathematics and won a bronze medal at the International Olympiad in Informatics in 2012. Being a very bright student, it didn't take much effort to create this program for him. In the beginning, Ethereum was not very well known, but today it seems that there is no one who does not know about Ethereum. Ethereum works like other cryptocurrencies and completes transactions using a peer-to-peer network.
How secure is Ethereum?
By now everyone probably knows that Ethereum is also a cryptocurrency and all cryptocurrencies are safe. But now the whole world is going digital, so we can't say that ethereum will be safe because it works completely online. And it can be hacked by any big hacker in future. Although hacking a currency like Ethereum is not an easy task, we cannot tell what will happen in the next few years. Using powerful technology like Ethereum block chain is still a bit scary because if you look at the history you will see that many famous companies have been attacked by hackers. So we can say Ethereum is not completely safe either. I think everyone who buys and sells Ethereum should be careful.
How to make money from Ethereum?
Ethereum is a type of cryptocurrency that has its own coin like Bitcoin as well as its own language called Solidity. There are cryptocurrency exchanges to buy cryptocurrencies. Where you can buy, hold and sell different types of cryptocurrencies according to their rules by creating an exchange account and you can convert it to money of any country where cryptocurrencies are legal. It is good to say that the government of Bangladesh has already declared cryptocurrency as illegal.
To buy Ethereum you can easily buy yours from a cryptocurrency exchange account. Also Google Play Store has many software with which you can easily buy Ethereum.
Is Ethereum a good investment?
How much is Ethereum worth in 2030?
What is ETH worth?
Will Ethereum go up?
How high can ethereum go?
How do you make money with ethereum?