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IQ_Option
Number of messages : 78
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Date of Entry : 2016-03-03
Year : 37
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Ethereum

on Fri Sep 29, 2017 8:47 pm
Ethereum is a platform for creating decentralized online services based on a blockchain that uses smart contracts. It is implemented as a single decentralized virtual machine. Developed by 19-year-old Vitalik Buterin, this cryptocurrency raised 18 million dollars in its ICO in August 2013 and was launched in July of 2015.

Unlike other cryptocurrencies, its creators do not limit the role of the Ether to payments, but offer it as a means for exchanging resources or registering transactions of assets using smart contracts. In particular, its developers have called the Ether a "crypto fuel" for smart contracts.

The Ethereum technology makes it possible to register any transactions with any assets using a blockchain-type distributed database of contracts, without resorting to traditional legal procedures. This possibility provides competition for the existing transaction registration system. According to The Economist magazine, the technology of "smart contracts" marks a new era in financial technologies.

Developers can issue tokens or units of their currency over a blockchain network. In 2017, Ethereum grew by 4000% and became the second largest cryptocurrency after Bitcoin.




Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.


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