Ether (ETH) is the cryptocurrency used on the Ethereum platform. Ether (ETH) is the cryptocurrency used to incentivize the Ethereum network. Every Ethereum account holds a balance of Ether (ETH), and it can be transferred between user accounts on Ethereum. ETH is also used to compensate miners in the process of creating new coins. Ethereum was the first blockchain-based smart contract platform that offered developers the ability to design and build decentralized applications (known as dApps). Ethereum gives developers the tools to create any decentralized application all one platform, making it more efficient then building an entirely new blockchain for each new application. To run a smart contract on the Ethereum platform, its creator must pay to do so. Payments on Ethereum is made in the form of Ether (ETH). Ethereum requires developers to pay Ether (ETH) to run their decentralized applications to help ensure that the developers will write efficient and optimized code that will not waste the Ethereum network computing power on unnecessary tasks.
Ethereum is a blockchain-based platform that allows developers to create any decentralized applications on one platform. Ether (ETH) is a digital currency that powers the Ethereum network by paying for transaction fees and other services.
Ethereum block times are about 15 seconds, the average time also depends on network congestion.
The creator of Ethereum is Vitalik Buterin, a Russian-Canadian programmer.
An Ethereum address are 42 characters long.
An Ethereum private key is 256 bits long.
DApps (decentralized applications) are web applications backed by Ethereum smart contracts that rely on the blockchain for program logic and storage.
An Ethereum node is a computer that can keep a copy of the blockchain and verify transactions.
The Ethereum Name Service (ENS) is a lookup system used to link specific information to a name, it works along the internet's DNS system.
Buying Ethereum (ETH) in Canada can be done through a cryptocurrency exchange such as NDAX, a peer-to-peer trade, or at some Bitcoin ATMs. However, utilizing platforms such as NDAX will allow for affordable, safe, and fast transactions.
Selling Ethereum (ETH) in Canada can be done through a cryptocurrency exchange, a peer-to-peer trade, or at some Bitcoin ATMs. However, utilizing platforms such as NDAX will allow for affordable, safe, and fast transactions.
Trading Ethereum (ETH/CAD) is made affordable, safe, and fast through cryptocurrency exchanges such as NDAX. NDAX’s trading fee is 0.2%.
Converting Ethereum (ETH/CAD) to cash can be done through a cryptocurrency exchange such as NDAX. First, you will have to trade your ETH to CAD. Once your ETH is converted to CAD you can send a CAD withdrawal to your bank. Click here for step by step instructions.
Proof of Stake (POS) is a concept that a person can mine transactions according to how many coins they hold (the more coins owner, the more mining power they have).