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What is Ethereum (ETH)

Ethereum The first Bitcoin alternative on our list, Ethereum is a decentralized software platform that enables smart contracts and decentralized applications (dapps) to be built and run without any downtime, fraud, control, or interference from a third party. The goal behind Ethereum is to create a decentralized suite of financial products that anyone in B the world can freely access, regardless of nationality, ethnicity, or faith. This aspect makes the implications for those in some countries more compelling, as those without state infrastructure and state identifications can get access to bank accounts, loans, insurance, or a variety of other financial products. The applications on Ethereum are run on ether, its platform-specific cryptographic token. Ether is like a vehicle for moving around on the Ethereum platform and is sought mostly by developers looking to develop and run applications inside Ethereum, or now, by investors looking to make purchases of other digital currencies using ether. Ethereum plans to change its consensus algorithm from proof- of-work to proof-of-stake. This move will allow Ethereum's network to run itself with far less energy and improved transaction speed.

What is Ethereum (ETH)

shared by everustechnologies on Jun 19
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his process helps to secure the network and process the transactions that occur. Those who do this are rewarded ether, similar to an interest account. This is an alternative to Bitcoin’s proof-of-...

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