Ethereum is first of all a decentralized system which means it is not controlled by any single governing entity. An absolute majority of online services, businesses and enterprises are built on a centralized system of governance.

 

With the 2nd largest MarketCap listedon CoinMarketCap, Ethereum has drawn a lot of attention from investors and

crypto enthusiasts same as like from big Companys etc.

This relatively new cryptocurrency not only presents a significant change to the status quo, it also allows for the quick development and deployment of new applications for Developers. Ethereum essentially enables dozens of new and extremely innovative cryptocurrencies to exist today.

 

Although it does have its differences on the surface of Ethereum functions as a cryptocurrency much like most others. Ethereum’s token called “Ether,” worksvery similar to bitcoin. You can buy and sell it on Exchanges with confirmations for transactions handled over the blockchain. The Ethereum Wallet is a gateway to decentralized applications on the Ethereum blockchain. It allows you to hold and secure ether and other crypto-assets built on Ethereum, as well as write, deploy and use smart contracts.

Ethereum Technical Information:

Coin limit

99.421.341 ETH (MAX 100 Million)

Algorithm

ERC-20* Token

Mean block time

10 Seconds

Difficulty retarget

2016 blocks

Block reward details

5 per every new block

Initial reward

5 Ether (ETH)

Current block reward

5 Ether (ETH)

Block explorer

etherscan.io

Created by

Vitalik Buterin, Joseph Lubin, Gavin Wood, etc.

Creation date

October 7th, 2011

*ERC20 is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens (Source Wikipedia)

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