-4.31% Bitcoin (BTC) 30410.79 EUR
-0.45% Ethereum (ETH) 2317.77 EUR
-6.83% Litecoin (LTC) 78.97 EUR
-4.63% B-Cash (BCH) 228.01 EUR
+3.91% Ethereum (ETH) 0.0769418 BTC
-2.40% Litecoin (LTC) 0.00262701 BTC
-0.26% B-Cash (BCH) 0.0075851 BTC
-4.55% Bitcoin (BTC) 32060.0361 USDC
-0.01% USD Coin (USDC) 0.95 EUR
-4.26% Bitcoin (BTC) 32058.511 USDT
-0.97% Tether (USDT) 0.94 EUR
-4.09% Chainlink (LINK) 8.67 EUR
+0.49% Chainlink (LINK) 0.00028771 BTC
-3.12% Dogecoin (DOGE) 0.1 EUR
+1.10% Dogecoin (DOGE) 0.00000366 BTC
-4.54% Uniswap (UNI) 6.21 EUR
-0.24% Uniswap (UNI) 0.00020654 BTC
+1.45% Cardano (ADA) 0.65 EUR
+6.02% Cardano (ADA) 0.00002172 BTC
+1.24% Tron (TRX) 0.07 EUR
+6.25% Tron (TRX) 0.00000255 BTC
+2.06% Shiba Inu (SHIB) 0.00001662 EUR
-3.12% Binance Coin (BNB) 312.19 EUR
+1.35% Binance Coin (BNB) 0.01036866 BTC
0.00% Binance USD (BUSD) 0.95 EUR
-4.35% Bitcoin (BTC) 32051.2289 BUSD
-6.39% Zcash (ZEC) 95.89 EUR
-2.17% Zcash (ZEC) 0.0032017 BTC
+2.07% Basic Attention Token (BAT) 0.00001577 BTC

Ethereum (ETH)

What is Ethereum?

Ethereum was first proposed in 2014 by developer Vitalik Buterin. It is a blockchain-based, decentralized software platform used for its cryptocurrency (ether) like Bitcoin. But while Bitcoin is used primarily as a store of value, the idea behind Ethereum is to decentralize other kinds of applications and services, from social media networks to more complex financial agreements. Its goal is to replace internet third parties – those that store data and keep track of complex financial instruments. It could be said that while Bitcoin is more like an email, Ethereum has more in common with the web browser.
It uses a “virtual machine” run on a platform-specific cryptographic token, Đ•ther. Ether is used mainly for two purposes: 
  • it is traded as a digital currency exchange like other cryptocurrencies
  • it is used inside Ethereum to run applications

How does Ethereum work?

Ethereum is a platform that makes it easier to create applications that aren’t managed or controlled by one entity. Instead, they are governed by code. Ethereum consists of several principles:
  • Smart contracts (they make it possible to encode the conditions under which money can move within the money itself, negating the need to trust an intermediary)
  • The Ethereum Virtual Machine (EVM) (each Ethereum node also has an Ethereum Virtual Machine that creates the smart contracts; all the nodes run in sync)
  • The Ethereum blockchain (it is very similar to Bitcoin’s – it consists of all transaction history)
  • Ether (Ether is needed for doing anything on Ethereum, and when it’s used to execute smart contracts on the network it’s often referred to as “gas.”)
  • Proof-of-work (this algorithm, that was first put into action by Bitcoin, is what keeps these far-flung nodes in sync)

Benefits of Ethereum Blockchain?

  • Irreversible transactions
  • Decentralized
  • Fast Transactions
  • Secure (all transactions are cryptographically secured)

What to do after buying Ethereum?

  • Store/Hold Ethereum
You can safely store your ETH in your account or your crypto wallet.
  • Trade Ethereum
You can trade ETH for other cryptocurrencies.
  • Send Ethereum
You can send it to anyone and anywhere with their ETH address.
  • Use Ethereum tokens as payment for transactions

Risk Warning: Cryptocurrency trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Coinsbay, otherwise seek independent advice if necessary. Crypto, CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You must assess and consider them carefully before making any decision about using our products or services.

The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. It is not targeted at the general public of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful or contravene regulatory requirements.