Ethereum (ETH) Pertukaran
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What Is Ethereum?
Ethereum blockchain was launched in 2014. The Ethereum platform facilitates the development of smart contracts and decentralized applications (dApps). Ethereum serves developers in terms of leveraging blockchain technology and creating multiple use-cases in different industries.
Ethereum, represented as ETH, provides an open-source protocol for non-mediated services decentralization. Ether (ETH) is the fuel of the Ethereum ecosystem for developers which is used to build and run decentralized applications. Its native cryptocurrency Ether can be used in two ways. Similar to Bitcoin, ETH can be traded with other cryptocurrencies or be accessed to build decentralized products on the Ethereum blockchain.
The Ethereum blockchain works on the Proof of Work mechanism. However, it is planning to adopt the Proof of Stake (PoS) model to increase scalability in the blockchain. Currently, the block time for Ethereum is 13 to 15 seconds, which is 10 minutes in the case of Bitcoin. Within a short span, Ethereum has gained unprecedented popularity owing to its scope and potential.
