by Jared Talbot
August 25 2020
What is Ethereum Coin About
Ethereum is the second biggest Cryptocurrency by market cap compared with Bitcoin. Ethereum is a separate Blockchain to Bitcoins. Ethereum is a smart contract platform that enables developers to build decentralized applications (DApps) on its blockchain. Ether (ETH) is the native digital currency of Ethereum.
Another good thing about Ethereum is that it is available on a lot of exchanges and can be bought in different Crypto pairs. To participate in the Ethereum ecosystem you will need some Ethereum. So it is a good idea to accumulate Ethereum too.
Right now Ethereum ETH Cryptocurrency is worth $ 6,498.88 has a market cap of R 730,003,665,216 and a circulating supply of 112,327,569 ETH
What is Ethereum ETH Coin For
Ethereum is used as a store of value, it can be used to send to other parties, traded, and it’s Blockchain is used to run smart contracts and apps. A lot of development has gone into it and it allows for decentralized finance and other smart contracts. The Ethereum GAS is used to as a payment of micro amounds of ETH. Although the price of GAS right now has become quite a lot more then it was and it should continue to rise as the market rises.
What is the Price of Ethereum
Released on July 30th, 2015 – the lowest price was R7.11 ZAR on Oct 21st 2015 – If only we knew about it then.
It’s all time high was on Jan 13th, 2018 at R24,198.17 ZAR
It is currency sitting on R 6,512.40 as of writing this. It’s already gone up a little bit.
What is Ethereum Classic
Simple put, Ethereum Classic was a soft fork from Ethereum. There was a vulnerability in ETH and the community decided to split. ETH updated the original code and Ethereum Classic didn’t. They still use old smart contract code. Personally, I don’t have any Ethereum Classic and I don’t use their blockchain. Ethereum recently had a switch from POW to POS, meaning Ethereum ETH is now stronger then ever. The ETH team saved the community from one of the biggest hacks in human history and the rest is history. Ethereum is one of the big boys on the block. Unfortunetly for Ethereum Classic, their coin hasn’t done much and is currently #27 in market cap and worth R 112.01 ZAR
Where to Buy Ethereum
My best recommendations to buy Ethereum:
Use the Swiss Borg Wealth App <—-
Use LUNO if you are in South Africa <—-
Use Binance if you are in any other country <—
