Crypto Ethereum

The world first heard about the platform "Etherium" at the end of 2013, when the 19-year-old author of Bitcoin Magazine, a brilliant programmer Vitalyk Buterin, presented the "White List", which considered the technical parameters of the new project. The project turned out to be very successful, cryptomonettes of this system are now as popular as bitcoins, which have also significantly increased in price this year. In this article, we will look at the Ethereum cryptovoltau, you will learn - how this network differs from the Bitcoin cryptosystem, which significantly bypasses all other coins in value, and what, in fact, is its main purpose.

Ethereum (Ethereum)

Etherium is a special platform that opens possibilities for developers to create decentralized applications.

Ethereum allows you to enter into "smart contracts" that operate under strictly defined conditions and eliminate the need for a third party to act as an intermediary between the parties to the transaction.

Crypt Coin Course: Confirmation of Ethereum demand.

At the initial stage, when a project called Ethereum was just starting to gain momentum, the value of one coin of this system did not exceed 30-50 cents. At the time of writing, the unit price of this crypt currency is about 870 US dollars. The rate of Ethereum continues to grow rapidly, as eloquently evidenced by currency charts. You can follow the changes in the Etherium rate here.

Dynamics of the Etherium rate for 2017

What does the rate of this cryptovolta depend on? The cost of "Air" depends on the growth of the number of companies that use the platform to create their applications, as well as on the demand for crypt coins as a payment instrument.

The growth dynamics is also affected by the share of the main coin holders, who have at their disposal whole fortunes. There is even an opinion that Ethereum may soon overtake its competitor - bitcoin in terms of value, but the validity of such assumptions is still being seriously questioned.

Appointment of Ethereum

One of the key purposes of this platform is the generation of applications that operate on the principle of decentralization. Solutions, which operate on the basis of the system, have the following advantages:

Security: the applied cryptography technology is aimed at protecting applications from cyber-criminal attacks;

"immunity" from modification: once a contract is created, no one is able to modify its terms;

guarantee of operability of created applications.

It is impossible not to mention the promising startups that are created on the basis of Etherium. Thus, the Augur platform-oracula managed to collect about $5.5 million during the initial placement of coins at the start of the campaign. Its specialization is making forecasts for the result of certain events, after which the funds are transferred to the account of the winning party.

Augur .

With the help of cryptomonet etherium you can pay or just make a money transfer. Given the growth in the value of coins of this cryptographic network, which according to expert estimates will continue next year, cryptocoins may become a suitable asset for investment.

Bitcoin and Ethereum: key differences

Despite the fact that both cryptovalues are based on a blockchain, and at first glance almost identical, there are significant differences between them. Let us consider the most important ones.

Differences between Bitcoin and Ethereum

Maximum number of coins in circulation

Production of bitcoins is specially "sharpened" to ensure that the final mass of funds was equal to 21 million BTC by 2140. The etherium does not have an upper threshold, being designed for an unlimited volume of production with an annual increase in money supply by 18 million ETH.

Speed of operations

The time of block creation in Bitcoin system is 10 minutes, this speed reduces the attractiveness of coins in terms of liquidity. ETH has the same rate of 15 seconds. Provided a faster implementation of operations provides higher volatility of the crypt currency.

Purpose of creation

The purpose of the Bitcoin crypto network is to make money transactions between users of the network, that was the only purpose of its creation. On the contrary, the role of the platform for creating applications was being prepared, in addition to the launch of the "ETH" platform billing unit.

Owners of crypto currencies

At present, most of the Bitcoins are owned by the miners that produced them. In the case of the air, we see a different picture: the bulk of this currency is in the possession of persons who bought the coins in advance (let's not forget that the financing of "Etherium" took place through the procedure of the initial placement of coins between investors). But, if we believe the forecasts, in the next five years this difference can be leveled off and the advantage will be in the hands of miners.

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