Ethereum

Decentralized smart contract platform.

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Smart Contracts

Ethereum is programmable money, and introduced the ability for people to build decentralized applications on top of it's network.

Decentralized

The Ethereum network is secured by hundreds of thousands of nodes all over the world providing a higher level of resilience.

Trustless & Secure

The Ethereum network is one of the most secure blockchains in existence, with a large developer community continually improving it.

Why Ethereum?

When it was released, Ethereum represented a fundamentally different way of interacting with blockchains and cryptocurrency; it enabled complex business logic and agreements to be coded into smart contracts, or programs that govern these concerns in an automated way. It remains one of the most proven platforms to this day.

Immutability

Ethereum has a reputation for being very secure and immutable - where a third party can’t make changes to any of the transactions or data on the network.

Liquidity

Ethereum's ease of use has made it trivial to create Initial Coin Offerings (ICO) and raise money. Ethereum is the second largest trading pair in cryptocurrency trading, so it is easily exchanged for fiat or your currency of choosing.

Extensibility

With the Ethereum Virtual Machine (EVM) and the smart contract programming language Solidity, developers have a Turing complete language at their disposal to build virtually any decentralized application imaginable.

Transparency

All of the transactions on the Ethereum network are available publicly. It is a public blockchain, so any transaction can be traced back to a wallet address.

Censorship Resistance

The Ethereum network is highly resistant to censorship, arguably more than Bitcoin Being autonomous and decentralized means that the network is resilient against the whims of any one government or jurisdiction.

Control

This could be a strength and weakness depending on your technical prowess, but with custodial services like BitGate, it's all point and click. Ethereum give you full control over your money.

Ethereum, the world computer.

Founded by a global community of developers and enthusiasts, born from a whitepaper drafted by Vitalik Buterin, Ethereum is a decentralized platform that runs smart contracts; that is applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

1.3M

Transactions per day

103M

All time transactions

How Does It Work?

Ethereum is a public blockchain just like Bitcoin that uses a Proof of Work (PoW) consensus algorithm to secure the network. If you are just trying to buy some Ethereum the following steps are all you really need to understand.

1. Get an Address

The first thing you need to interact with the Ethereum blockchain and learn how it works is to get a wallet address. You can get one free here.

2. Buy Ethereum

Acquiring Ethereum with fiat can be tricky depending on your jurisdiction. We recommend buying it from a registered exchange or licensed vendor like BitGate.

3. Send Transactions

Once you have a secure wallet and you've acquired some Ethereum you can start playing decentralized applications on the Ethereum network.

Who uses Ethereum?

As one of the top three cryptocurrencies in the world, Ethereum has a wide user base and large development community who support it. Here are a few familiar names who believe in Ethereum.

"Ethereum looks poised for a move to new highs. Lot's of good news on the horizon."
Mike Novogratz
“The Ethereum blockchain has some extraordinary capabilities. One of them is that you can build smart contracts. It’s kind of what it sounds like. It’s a contract that self-executes, and the contract handles the enforcement, the management, performance, and payment”
Don Tapscott
It's mind-boggling, I see the future as taking these out-there ideas and making them real."
Sergey Brin
"Make no mistake - Ethereum would never have existed without Bitcoin as a forerunner. That said, I think Ethereum is ahead of Bitcoin in many ways and represents the bleeding edge of digital currency."
Fred Ehrsam
"Ethereum exists because it enables developers to write smart contracts better than Bitcoin in the near-term. Zcash will exist because it will attempt to do privacy better than Bitcoin in the near-term, and the token gives you access to the anonymity protocol."
Nick Tomaino

Frequently Asked Questions

Do you still have questions about Ethereum? We understand, there is a lot to take in when it comes to cryptocurrencies and blockchain. Here is a list of  some of the most commonly asked questions about Ethereum.

  • What is Ethereum?

    Ethereum is an open blockchain platform that lets anyone build and use decentralized applications that run on blockchain technology. 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.

  • Do people use Ethereum?

    Ether is used broadly for two purposes: it is traded as a digital currency exchange like other cryptocurrencies and is used inside Ethereum to run applications and even to monetize work. According to Ethereum, it can be used to “codify, decentralize, secure and trade just about anything.”

  • What are Ethereums's advantages?

    Ethereum excels at being both highly secure and decentralized while also being highly extensible with the application of Ethereum smart contracts. Ethereum also has a massive developer community and early mover advantage in the blockchain ecosystem.

  • Why do people trust Ethereum?

    Yes, and significant minds in computer science and venture capital trust Ethereum at that. Companies like Microsoft, IBM, Oracle, Facebook and others have endorsed and supported the efforts of the Ethereum Enterprise Alliance.

  • Can I make money with Ethereum?

    We cannot give investment advice, but can only speak to common sense. You should never invest in anything you do not fully understand and haven't spent considerable time to research. Ethereum pricing can volatile and as with any digital asset that is volatile, there is opportunity for experienced investors.

  • Is Ethereum anonymous?

    The short answer is, no. Ethereum transactions are publicly accessible as it is a public blockchain. Most registered exchanges require AML/KYC compliance. If you have already associated your wallet address with an identity on an exchange or similar service (like a credit card) all the transactions you execute are already traceable.

  • Is Ethereum based on Bitcoin?

    Only in the sense that it uses a blockchain, which Bitcoin pioneered. Ethereum has a separate blockchain that has several significant technical differences from Bitcoin’s blockchain.

  • What’s the future of Ethereum?

    Ethereum developers are planning a switch from a Proof-of-Work consensus model to a Proof-of-Stake consensus model in the future. They are also investigating scalability solutions.

Still have a question? Reach out to us here!

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