What is Ethereum and how does it work?

Ethereum (ETH) is the second most popular cryptocurrency. It was founded by Vitalik Buterin in 2013. Ethereum enables developers to build decentralized applications (dapps) based on the Ethereum network.

Ethereum ticker is ETH. Ethereum is the pioneer for the blockchain-based smart contracts. On the blockchain, a smart contract allows automatically execute predefined tasks, when the specific conditions are met. Smart contracts, code should be run exactly as is programmed without any possibility of downtime, censorship, fraud or third-party interference. It can make a simpler exchange of money, content, property, shares, or anything that has a value.

How Ethereum works

Every new user can start using Ethereum without understanding all of the technical documentation. Once you’ve installed Ethereum offline wallet or you’ve registered at one of the Ethereum exchanges, you will get your first Ethereum wallet address. You can send your address to your friends so that they can pay you or you can send Ethereum directly to their wallet.

Is Ethereum worth to invest in 2020?

Based on the growing popularity of smart contracts, Ethereum could be a really good cryptocurrency to invest in 2020. For more information read our article about which cryptocurrency to invest in 2020.

Where to buy Ethereum

Based on the Ethereum popularity, ETH can be purchased on any cryptocurrency exchange.

Don’t forget to read about cryptocurrency exchanges on the internet, or you can use a trusted crypto exchange verified by us.

Ethereum trading

Exactly like the Bitcoin, Ethereum should be traded on the online trading platforms as well. If you would like to be a successful trader, you should get familiar with the expressions and trading strategies. For Ethereum trading, we recommend Binance. When you will use our registration link, you will receive the discount on the trading fees.

Ethereum actual price

You can find the actual Ethereum’s price and 24h change in the following table.

Name Price24H (%)
Ethereum (ETH)

Trusted exchanges

1,49 %
0,10 %
0,26 %
Payment methods
Bank transfer, Credit and Debit cards, PayPal
Visa, MasterCard, Cryptocurrency
Bank transfer, Cryptocurrency

1 thought on “What is Ethereum and how does it work?”

  1. Pingback: Bitcoin's price falls under $6,000, leading a cryptocurrency market to chaos as global markets are afraid of coronavirus concerns - We Hold Crypto

Leave a Comment

Your email address will not be published. Required fields are marked *


Buy crypto, gold and stocks in seconds
Check out our Revolut review with information how you can buy crypto, stocks or commodities for free!