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When it comes to your urge to invest in cryptocurrency, what do you think is the first token that comes to your mind? Well, we are not sure if you are trying to find the best place to buy bitcoin Canada or best place to buy Ethereum, you need to be absolutely sure about what you really want.
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Ethereum Vs. Ether – Finding Out the best place to buy Ethereum
When it comes to your urge to invest in cryptocurrency, what do you think is the first token that comes to your mind? Well, we are not sure if you are trying to find the best place to buy bitcoin Canada or best place to buy Ethereum, you need to be absolutely sure about what you really want.And to know what you want you need to research and know your cryptocurrency by heart.
What is Ethereum?Ethereum can be used to decentralise just about anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kinds, intellectual property. It’s a Do It Yourself platform for creating blockchains. The Ethereum platform is the base layer, and on top of that you can create different tokens to run decentralised apps.
What is Ether?Ether is the currency of the Ethereum platform. Ether will be required by anyone wishing to build upon or use the Ethereum platform. Just like Bitcoin, Ether can be traded around the web and mined. Most people use the term Ethereum to refer to the currency instead of Ether and that’s why it can get a bit confusing.
The total supply of Ether and its rate of issuance were decided by the donations gathered on the 2014 presale of the currency. The results were roughly: 60 million Ether created were granted to contributors of the presale. 12 Millions were granted to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation.
Ether is created for every block by the miner of the block. Ethers were sometimes sent to another miner if they were also able to find a solution but his block wasn’t included.The founders of Ethereum state that Ether is not a currency as much as it is “crypto-fuel”, meaning it’s a token that has one main use – to pay for the Ethereum platform.
How Do You Store Ethereum?Before starting the buying process you will need to get an Ethereum wallet to hold your Ether. There are many types of Ethereum wallets.
Ethereum Hardware wallets are the most secure way for storing Ether. It’s a piece of hardware that you connect to your computer that stores your Ethereum private keys offline. A hardware wallet is probably the optimal mix between security and convenience you can find. If you’re just starting out with Ethereum, don’t have a lot of Ether to store or don’t have the money to buy a hardware wallet you can use free software wallets.These wallets are free of charge but are less secure since they are constantly connected to the Internet.
What is the best way to buy Ethereum?The easiest way to buy Ethereum would be through one of the popular Ethereum exchanges like Netcoins!
1. Sign up for free. 2. Add your payment method. 3. Go to “Buy/Sell” and select Ethereum. 4. Choose the amount of Ethereum you want to buy Click on “Buy Ethereum”.SOURCE CREDIT: https://vancouvercryptoexchange.wordpress.com/2021/12/16/ethereum-vs-ether-finding-out-the-best-place-to-buy-ethereum/
