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Beginners guide to Ethereum and its applications

Ethereumu2019s cryptocurrency Ether is the second-best available in the market today(right after Bitcoin). It has the second-highest market capital currently but has the potential to overtake Bitcoin soon due to the projects it has in its pipeline. Itu2019s common to mix up Ethereumu2019s and ETH(Ether). Ethereum is the blockchain and ETH is the primary asset of Ethereum.

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Beginners guide to Ethereum and its applications

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  1. Beginners guide to Ethereum and its applications

  2. Ethereum’s cryptocurrency Ether is the second-best available in the market today(right after Bitcoin). It has the second-highest market capital currently but has the potential to overtake Bitcoin soon due to the projects it has in its pipeline. It’s common to mix up Ethereum’s and ETH(Ether). Ethereum is the blockchain and ETH is the primary asset of Ethereum.

  3. Ethereum is constantly evolving to meet its user’s needs (unlike Bitcoin) which already makes it a much better option for any new investor. This article will help you understand Ethereum in detail and some of the projects associated with it.  We will also help you make your first investment in Ethereum with the best place to buy Ethereum in Canada.

  4. What is Ethereum?Ethereum can be defined as a technology that is home to digital money, global payments and applications. Unlike Bitcoin which is currently used for only making digital transactions like payments, Ethereum has several use cases which we will discuss in detail. The Ethereum blockchain can be used for developing decentralized applications on top of it, this is bringing about a major change in the way our current technology is perceived. Decentralized applications would mean that there is no fixed owner to the application which would allow users a more independent experience with the platform.

  5. Decentralized applications would also mean no downtime as these applications would receive their data from several computers(due to blockchain technology) and not from a single server. When it comes to making transactions, Ethereum’s cryptocurrency Ether is one of the fastest available in the market today. When compared with Bitcoin which takes minutes to perform a single transaction, Ether would perform the same transaction in seconds.

  6. So now you know some of Ethereum’s use cases, why invest in it?Blockchainis the future of the entire IT industry. Back in the last decade when smartphones had just started penetrating the market, we saw a major boom in the development of applications for these smartphones. Similarly, we will soon witness a boom in the blockchain industry wherein several users and businesses will use the Ethereum blockchain to develop their applications. Every time a user uses the Ethereum Blockchain, they will pay a transactional fee in ETH(Ether), more users will ensure bigger rallies in the price of Ethereum which will benefit its investors.

  7. Will Ethereum overtake Bitcoin in the future?Yes, Ethereum surely has the potential to become the topmost currency in the crypto market. With its constant improvement and efforts being made by its development team, Ethereum has a long way to go from here and one must invest today to reap its rewards in the future.

  8. How do I get started?There are several cryptocurrencies to choose from while making any investments like Bitcoin, Ethereum, Bitcoin Cash and many more. If you want to buy Ethereum or are wondering how to buy Bitcoin Cash in Canada then all you need to do is visit the Netcoins website and follow the instructions listed there.SOURCE CREDIT: https://netcoins.tumblr.com/post/658566850398044160/beginners-guide-to-ethereum-and-its-applications

  9. THANK YOU FOR WATCHING

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