Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation.
The general idea is that in order to have things run on the network you have to pay for them, and you pay for them with Ether.
Ether is the currency of the Ethereum network and it is used to pay for computation time and for transaction fees. So, when you want to run a contract or send a transaction you have to include a small amount of Ether to cover the cost of gas.
NOTE: WARNING: Before investing in Ethereum Coins, it is important to do your research and understand the risks involved. There are a number of fraudulent companies that claim to be offering real Ethereum coins, but in reality these are just scams designed to steal your money or personal information. Be sure to thoroughly investigate any company you consider before investing in their products and services.
The amount of gas you need to pay depends on the complexity of the operation you want to perform. For example, a simple smart contract that just stores some data will require much less gas than a contract that performs complex operations like retrieving data from an external API.
The native currency of the Ethereum network is Ether, and it is used to pay for transaction fees and computation time. When you want to run a contract or send a transaction, you need to include a small amount of Ether to cover the cost of gas.
In conclusion, yes, there are real Ethereum coins, and they are necessary in order to use the Ethereum network. Ether is used to pay for transaction fees and computation time, and without it the network would not be able to function.
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What is Ethereum? Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In addition to the Ethereum Virtual Machine (EVM) that runs smart contracts, Ethereum has a built in programming language, Solidity, that allows developers to write more complex smart contracts.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ether is the native cryptocurrency of the Ethereum platform. It is used to pay for gas, a unit of computation used in transactions and other state transitions.
As of now, You cannot buy an Ethereum coin as you would with Bitcoin. The only way to acquire Ether is by mining for it or purchasing it with fiat currency on an exchange. While there are plans to release physical coins, as of now there are no official Ethereum coins.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is a programmable blockchain. It means that developers can create applications that run on the Ethereum network.
