Ethereum (ETH) is a digital currency, the design around the coin has more potential than Bitcoin.
Ethereum technology is not only about creating coins, it is about implementing the Blockchain system, concepts that Bitcoin brought and that the creators of Ethereum applied perfectly.
Blockchain is Ethereum's technology, developed as a decentralized platform, aimed at executing smart contracts. That is, creating applications that will support themselves: there will be no third party interference, fraud or system downtime.
The applications created in blockchain are set up within a block of blocks.
For this the company has a virtual machine, called Turing Completude or EVM - Ethereum Virtual Machine; responsible for running scripts within a network of public nodes.
What is the blockchain?
In the image above, we see the representation of what the blockchain nodes are and how the information sharing in the network occurs. There we can understand its functioning.
All information is shared, recorded on a public spreadsheet, validated by users, and secured by encryption.
How did it come about?
Coming in August 2014, the Ethereum project was developed by ETHDEV, a non-profit organization in Switzerland and featured the world's largest minds in cryptography.
Ethereum wallet
The Ethereum wallet or wallet is where you store the digital currency, called by the moneymakers smartly.
You can download the ether wallet on the company's own website and save it to your computer's desktop, which is a safe way to store the crypto-coins.
Etherum mining?
Like the mining process of Bitcoin, mining ethereum is almost the same thing.
The coin has the second position of the top 10 of the most famous Crypto-Coins and as a consequence the greater difficulty to MINERATE ETH.
To mine ETH, you need validation of blockchain network transactions. By validating users' transactions on Ethereum's Blockhain network, you earn rewards, or digital coins.
The problem is that if mining involves high energy expenditure, the costs you will have to mine ETH do not cover profit. It is therefore not feasible to mine alone.
How to Minimize Ethereum
The most advisable to start mining Ethereum is you find a pool, group of miners, which will guarantee more chance of you finding your coins.
To mine ETH, you will use your hardware, more precisely the mining will happen to the GPUs. The mining algorithm is called: Casper Proof of Stake.
The ethereum algorithm uses the graphics card more in the mining process because it is where it would be easy to get the ether coins.
What you need to mine:
- Computer with video card, power supply, HDD / SSD storage.
- Internet to validate Blockchain transactions
- Ethereum mining software downloaded to your computer and updated.
How to have Ethereum?
Buying Ether in Brokers. It is possible to buy the digital currency at brokers and Exchangers. The Exchangers is where you will trade, other criptomoedas or physical money through the Ethereum.
Buying Ethereum is less labor intensive than undergoing the mining process, as it will require you to invest in a computer with good processor and operating costs, such as electricity.
Currently ETH is $ 1,100, but the currency has already cost $ 6. Who kept the Ethereum during those years in the portfolio saw the currency suffer an absurd appreciation and profited a lot.
Most people buy ethereum and store it in their desktop wallet, waiting for currency appreciation. Imagine you bought for the price of $ 1,100 and selling for $ 3,000,000 in a few months.
Ethereum Mining in the Clouds
Mining in the clouds may be more viable, it is basically the same thing your the physical computer would do in the house.
You will only have to rent the processing capacity by professional companies in the mining business.
You will need to hire monthly or annual plans that fit into your budget and see if the profitability of ethereum coins are profitable by the amount invested in processing power.
Trading Ethereum
For those who wish to buy ethereum expect a correction of the graph or a lower quote.
It is possible to conduct trades with ETH / USD by the exchange brokerage firms, this would be an easier way to gain from the valuation of ether.
The most famous brokerages to trade ethereum in the form of daytrade are: Brasiliex, Binance, Bitifinex.
It is possible to buy fractions of ETH, since currency is at a high level, 1,100 dollars, which are 3520 reais (quotation in brazilian real R$3.2). By depositing the minimum amount at the brokerage firm, you can do the trades.
The secret to traders in ethereum, ETH / USD, is knowing how to monitor the asset's trend and how far it can fall.
The famous tops and bottoms should be analyzed by trades, where they should sell at the top; when the currency reaches the highest quote and buy in the fund; when the chart reaches the lowest quote.
We can also align technical analysis and establish graphical support and resistance points; so you'll determine where most investors will be willing to buy and sell ethereum.
By buying ethereum along with the other trades, you have made a buyer flow able to move prices up and sustain you for weeks; until the closing of positions at a more interesting level for the sale of ethereum, so it is possible to negotiate the value of the asset and generate profit.
Is Ethereum worth it?
We believe that ethereum investments are a good opportunity for crypto-money enthusiasts.
Ether technology is more sophisticated than the famous Bitcoin, and platform investments and upgrades are almost constant.
The more the platform is improved, but people will accept the blockchain technology, which means long-term currency appreciation.
Ethereum succeeds in using blockchain technology, which reflects in the valuation of its asset, Ether.
Companies like Microsoft use ethereum's system, banks and other companies linked to information technology. These started to improve their systems to start using blockchain. The more adept the platform, but value it will have in the market.
Therefore, the potential for appreciation of the currency is high, it may not reach bitcoin prices, but may reach more significant levels over the years.
Only you can determine if ethereum is worth, we believe it, it is worth it, since it has already demonstrated potential of valorization.
That year and studying the ethereum performance chart in dollars. We see that the trend is bullish, that is, the currency will grow even more.
Conclusions
As presented in the article ethereum is not just a cryptomadee is an innovative technology.
Companies are using blockchain in their operating systems and the gains with technology will be the future of commerce.
The world is not as before, is more technological, it is possible to gain security and practicality in operating systems using blockchain, it was created precisely for this, to innovate.
We were able to visualize the potential of appreciation of the currency, we would say yes, it's worth it!
Tags: #ethereum #cryptocurrency #crypto #bitcoin #money #blockchain
Author: Guia do Bitcoin
This post is perfect I had a couple questions by therium that wasn't sure and now I'm sure. Thank you for all the information I gave you a like go ahead and give me a boat as well let's let's follow each other
@stevenmc thanks for your message. Following you...