When it comes to digital currency, there are two main types: those that are based on centralized platforms and those that are based on decentralized platforms. Ethereum is a decentralized platform that runs on blockchain technology. Unlike Bitcoin, which is also a decentralized platform, Ethereum is programmable.
This means that developers can build applications on top of the Ethereum blockchain. These applications are known as dapps (decentralized applications).
The native currency of the Ethereum blockchain is called ether. Ether is used to pay for transaction fees and gas costs. It is also used to pay for computational power when running dapps.
When someone wants to run a dapp, they need to have ether in order to do so. The stock symbol for ether is ETH.
NOTE: WARNING: Investing in cryptocurrency involves significant risk and can result in the loss of your invested capital. Before investing, please do your own research and consult with a financial advisor. Additionally, please be aware that the stock symbol for Ethereum is ETH and not ETC. Investing in the wrong stock symbol could result in significant losses.
ETH is traded on exchanges just like any other cryptocurrency. The price of ETH fluctuates based on market demand.
When more people want to buy ETH, the price goes up. When more people want to sell ETH, the price goes down.
You can think of ETH as the fuel that powers the Ethereum blockchain. It is necessary for anyone who wants to use or develop on the Ethereum platform.
The stock symbol for Ethereum is ETH and it is traded on exchanges just like any other cryptocurrency.
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As of July 2018, the stock symbol for Ethereum is ETH. 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 2014, Ethereum founders Vitalik Buterin, Gavin Wood, and Joseph Lubin launched a crowdsale to fund the development of the Ethereum protocol.
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 order to run these applications, Ethereum uses a virtual machine called the Ethereum Virtual Machine (EVM), which can execute code of arbitrary algorithmic complexity. In order to achieve this, Ethereum borrows heavily from Bitcoin’s design, but also has its own unique features.
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 built on a blockchain, a decentralized ledger that records every transaction made on the network. Transactions are then grouped into blocks and added to the blockchain in a linear, chronological order.
When people talk about Ethereum, they are usually referring to the Ethereum blockchain and the associated cryptocurrency, ether. However, Ethereum is much more than just a digital currency. It 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 decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is a unit of account on the Ethereum blockchain. It is also used to pay for transaction fees and computational services on the network.
