Definition of Ethereum price history and ways to buy Ethereum and how Ethereum works and more!
Ethereum
Ethereum is a blockchain protocol designed by Russian-Canadian programmer Vitalik Buterin. Blockchain is a technology that enables the storage and transmission of information transparently and securely without a central control agency. Launched in 2015, Ethereum is the second blockchain after Bitcoin in terms of valuation, enabling the development of decentralized applications called Dapps. This is different from Bitcoin, which focuses exclusively on peer-to-peer payments.
The Ethereum blockchain developer community is also one of the largest and most active communities in the world, so far.
How Ethereum works?
Ethereum's functionality is inspired by Bitcoin (which collects the network transaction log), but as they get more complex you can create more complex applications. Specifically, Ethereum allows you to create smart contracts, contracts that automatically execute online in pre-defined terms. We explain this in a separate case. If the flight is delayed by at least one hour, the airline will automatically return 20% thanks to smart deals.
Like Bitcoin Blockchain, Ethereum has its own cryptocurrency, Ethereum is also called Ethereum in the community. These are not banks or other institutions, but a protocol. Like other cryptocurrencies, ether is sold through mining. "Minor" uses computers in its network to perform mathematical operations to identify and protect transactions. Ethereum, like all other public blockchains, works with the sync algorithm, ensuring that all online players always follow the same version of the blockchain data.
Ways to buy Ethereum?
Before buying Ethereum or any other digital currency, as well as any risky asset, you must keep in mind that you are not investing more than you can lose. To get ether, you need to open an account on a cryptocurrency exchange platform. They can generally be purchased by card or bank transfer, There are a handful of players in France: Sebitek, Savior stock exchanges, and brokers Coinhaus and Bitcoin. Coinhouse also has an exchange office, known as the "Coinhouse Paris Store" (formerly La Maison du Bitcoin), in the second era of Paris. But French citizens can buy bitcoins on foreign platforms such as American Coinbase and others. Some are aeronomic from others. Fees vary from platform to platform.
Ethereum wallet
You can store ether in the exchange where you purchased it, or in your wallet, physical or digital electronic wallet. It avoids the risk of hacking that can cost cryptocurrency platforms and allows you to manage your funds. The wallet consists of a public key that is known to everyone corresponding to the Ethereum address and a private key that is known only to the owner of the wallet. The physical wallet looks like a USB key. Two players, the French ledger and the Czech Tresor are competing for the transfer market. Digital wallets, or software wallets, can be accessed from your computer or mobile device. Some examples: Electrum, ArcBit...
Ethereum price history:
Ether prices have been quoted since its inception in mid-2015. Most often expressed in dollars or euros, Asians love cryptocurrencies, so they can also be found in yen or yuan. The price of Ether, like Bitcoin and all other cryptocurrencies, can fluctuate significantly. In early January 2018, it surpassed $ 1,000 for the first time but fell below that iconic level the following month. This is the history of Ethereum prices in euros.
Ethereum 2.0
Ethereum 2.0, nicknamed Serenity, is a major update to the Ethereum protocol, launched on December 1, 2020. It is divided into three phases: Beacon Chain, Shard Chain.
1- Signal chain
Phase 0, which began on December 1, 2020, is located between Proof of Work and Proof of Stake, a method of verifying transaction blocks that consist of using the computing power of a machine. It's a transition from. Confirm a block of transactions that consists of proving ownership of a certain amount of cryptocurrency. It works in parallel with the Proof of Work block to avoid disruption of the chain continuity.
2- Debris chain
Phase 1 refers to the application of a chain of fragments that makes Ethereum networks more scalable. Ethereum is limited from 7-15 transactions per second and 420-900 transactions per minute. Shading consists of dividing data to speed up processing. For example, Ethereum's fragmentation system can put all addresses starting with 0k00 in one fragment, and all addresses starting with 0k01 in another ...
3- Ethereum web assembly
EWA (Ethereum Web Assembly) is an executable mechanism designed to replace current Ethereum virtual machines and run smart contracts on the Ethereum network. It is based on WebAssemble, an open-source World VideoWeb standard for application development.
This new machine will improve Ethereum's performance, but will also support multiple smart contract development languages (C and C ++, Python, Javascript, Rust, etc.)
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