Technology has become so advanced nowadays that you are now able to create your own currency and use it to build your assets and success. With platforms such as Bitcoin coming in for you to create networks and accounts, it has now become a great avenue to create virtual money with animosity and ease. Aside from Bitcoin, there is a new platform that is deemed much more flexible and adaptable. This is where Ethereum comes along. But what exactly does Ethereum do? For those who aren’t tech-savvy but still would like in with the new online currency to boost their assets, we show you about Ethereum and the Ethereum wallet to help you get started!
What is Ethereum?
Ethereum is a platform where you are able to run smart contracts. It’s similar to Bitcoin but gives you the flexibility to create your own smart contract without pre-made codes. While it still holds a small user base, it is slowly growing and becoming known to the world as a nice alternative to Bitcoin for those who want the user-friendly interface. There is a small fee when using Ethereum, similar to Bitcoin, but is more affordable.
When using Ethereum, you will need an ethereum wallet, securing the ether and assets you created on the platform. It will also help you create and use smart contracts. There are a limited number of wallets available for you to use, but many of them are reputable and created by users of the platform themselves, with them being effective. When choosing an ethereum wallet, it’s best to look for one that has a good reputation and will be able to get the job done with ease. You are able to find available Ethereum wallets to download online, looking through reviews or asking trusted sources for recommendations.