When we talk about cryptocurrency, most people can only think of Bitcoin. In fact, there is a “rising star” in crypto space - Ethereum (ETH). ETH is the second most valuable form of digital money after Bitcoin and many investors forecast ETH could surpass Bitcoin by the end of 2018.
Where did it originate?
ETH is the cryptocurrency used in the Ethereum Platform - which is an open sourced software platform based on blockchain technology that enables developers to build and deploy decentralized applications.
The platform offers technology such as Smart contracts to help store, secure and execute data effectively removing the need of third parties.
Basic statistics of ETH
• Issue date: 30 July 2015
• Abbreviation: ETH
• Total supply: Not Applicable
• Initial price: around $1.23 USD
• Record high: reached $393 USD per token in mid-June
The pros and cons of ETH
How is it used?
The most fundamental function of ETH is to be used as "gas" or "fuel" on the Ethereum platform to facilitate the processing of transactions via smart contracts for Dapps.
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