Ethereum is not a currency

saifulislam17@g

Here is a diagram of how Bitcoin mining works and which parties are involved in a transaction The cryptocurrencies (or cryptocurrencies) with the most future - bitpanda x  Ethereum (ETH) The cryptocurrencies (or cryptocurrencies) with the most future - eth , it is a decentralized computing platform. We could represent it as a large computer that is divided into multiple computers at the same time and works simultaneously. This computing network allows applications to be run on this distributed network and the operations are fueled by the network's currency, ether (ETH).


Ethereum is considered a nd generation blockchain, which ID Number List means that it has been built based on the operating system of Bitcoin but with major differences. Both networks are used for use as digital money, but the Ethereum network is programmable , which means it has many more functionalities. ETH is the application currency of the Ethereum network, similar to Bitcoin in nature. These are some of the characteristics of ETH that make it different from FIAT money or government money (such as euros or dollars) They are your strict property.





They are not managed by custodian entities (such as commercial banks). It is protected by the science of cryptography and your private keys. They are a PP (Person to Person) payment system which means that you can send your money to anyone else in the world without the need for intermediaries such as banks or governments. Ethereum currently presents a scalability problem that means that the transactions that are executed on its network are increasing in cost.