Ethereum currency- Digital currencies have been launched for a long time, but in the same period, they were able to be considered around the world and as a useful tool for trading and investing, to create huge changes in the economic industry. And each is in different rankings according to the type of structure and services they provide to users. These digital currencies have different algorithms according to their features and advantages. One of these digital currencies Ethereum is one of the most valid digital currencies today and is ranked first. In this article, we want to briefly get acquainted with the feature of Ethereum currency. Before that, we need to get a little familiar with this algorithm.
Ethereum is a digital currency infrastructure based on China Blockchain technology that can be used to run decentralized computer programs. Ethereum Decentralization can be confusing, and many do not know what this feature does in this digital currency. In fact, Ethereum Decentralization means that the system does not belong to anyone on its own and in general. It is not controlled by one or more specific individuals or institutions. In fact, in discussing the characteristics of the Ethereum currency, it should be noted that Ethereum today is a digital currency and asset. Since the currency itself is digital, it also allows users to conclude contracts digitally as well as decentralized. Another feature of Ethereum currency, which is also an advantage, is that it works with the aim of eliminating intermediaries. This means that it tries to eliminate intermediaries from all financial activities in this network and is only direct. (Ether) is the currency of the Ethereum network. In fact, the advantages and features of this platform have led to Consider Ethereum users as safe currencies and as an investment.
The speed of transactions in this network is high and it is such that the speed of transactions in this network will be sixteen transactions per second. And this high speed makes it easy for users to trade in it. Also, another feature is that there is no limit in supply. In fact, due to the high-security conditions of this platform, it can be said that it is impenetrable. It can be stopped and in fact, it is unstoppable in such a way that the manufacturer can not stop it. To use the wallet to store and maintain Ethereum can also be used digital wallets.
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Compare Ethereum and Bitcoin features
In comparing the two valid currencies of Ethereum and Bitcoin, it should be noted that both blockchain networks are China-centric and the Chinese can be extracted with the mining device. They are decentralized. We mentioned above that Ethereum is non-stop and non-stop. In fact, compared to Bitcoin, it can be said that its algorithm is the same, and if implemented, it is irreversible They are non-stop. One of the advantages of Ethereum, which Bitcoin also has, is that because they are not recognized by any institution or government, they are not subject to taxes and laws. However, the difference between them is that with Ethereum, it is possible for users to execute financially and intelligently contracts, but in the Bitcoin network, this is only applicable for monetary activities.
Ethereum currency – Another difference between the two networks is that, unlike Bitcoin, Ethereum does not have a supply limit, while Bitcoin has a limit of only 21 million units. In fact, many users believe that Ethereum has a higher speed than Bitcoin. In terms of speed comparison, the situation is such that seven transactions are performed in Bitcoin per second, while this number is sixteen in Ethereum. To the advantages and features that we have stated for this valid currency, many users believe that this currency has good investment conditions compared to other currencies. In fact, in various fields, some believe that Ethereum has a more functional performance. Runs from Bitcoin. For example, in various discussions such as extraction and mining, Ethereum is more cost-effective. As you know, Ethereum, like Bitcoin, has the ability to extract. And you can easily and unrestricted extract Ethereum and earn money this way. In fact, you may incur a lot of costs to buy equipment for bitcoin mining. For this purpose, Ethereum mining is offered to users, which in turn will lead to lower costs. There is good anticipation for this digital currency and many believe that with the proper performance it has and the professionalism of its development team, we can hope for this currency and invest in this platform with ease.