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Ethereum


Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

More About Ethereum

Continue reading to learn more about:

What is ethereum difficulty bomb?
Is it possible to pay out Ethereum?
Is Ethereum 2.0 going to be a new coin?
Is it possible to make money with Ethereum?
What distinguishes Ethereum from other cryptocurrencies?


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What distinguishes Ethereum from other cryptocurrencies?


Ethereum is designed to be adaptable and flexible. Its goal is to unite the world of virtual currency by creating a single, global cryptocurrency. It has a strong development community behind it, which makes it more likely that the technology will expand; we are just at the beginning of Ethereum.


 
 

Is it possible to pay out Ethereum?


Yes, it's possible to make money with Ethereum but is not as simple as you might think. Ethereum is a bit different from Bitcoin-based applications like Coinbase. With Ethereum, instead of just providing a place to store the blockchain and send/receive transactions, Ethereum smart contracts are also able to store and move Ether (the application's native currency). These smart contracts provide an additional source of income for the operation.

 

Is Ethereum 2.0 going to be a new coin?

The term “Ethereum 2.0” is commonly used, as it concisely captures the intention to upgrade the Ethereum network to a new version of itself (i.e. to create a better version of Ethereum that makes it easier for people to move billions of dollars and use the network for powerful new applications).
However, what will be launched in late-2020 is better described as an “upgrade” to Ethereum 1.0, or “Eth1”.
 
  • Is it possible to make money with Ethereum?

    Ethereum is a platform that makes it possible for any developer to build and publish next-generation decentralized applications. Like Bitcoin, no one controls or owns Ethereum – it is an open-source project built by many people around the world. But unlike the Bitcoin protocol, Ethereum was designed to be adaptable and flexible. It is easy to create new applications on the Ethereum platform, and with the Homestead release, it is now safe for anyone to use those applications.
  • What is ethereum difficulty bomb?

    Ethereum Difficulty bomb is a mechanism that makes the Ethereum network more expensive to mine (increases mining difficulty) over time. It makes the number of blocks mined over a certain period take longer than that same period did previously. The use case was originally designed to force a hard fork to proof-of-stake once the network had matured enough.