WHAT IS ETHEREUM

Naijafans

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WHAT IS ETHEREUM?​

Ethereum is a technology first developed by Vitalik Buterin, a former Bitcoin programmer in 2013.

After Bitcoin, ether (the currency of Ethereum) is the second most valuable form of digital money.

Ethereum uses a decentralized payment network that allows payments to be sent anonymously across the internet without the need for a bank.

Transactions made through Ethereum are stored in a blockchain, where they are visible for everyone else in the network to see.

Ethereum has more than quadrupled in value from around $700 at the beginning of 2021.

Some analysts have said it could eventually overtake Bitcoin as the dominant coin in the market.

One ether is now worth roughly $3,300.
 
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