Ethereum is a decentralized blockchain. It makes use of Ether – a cryptocurrency which is empowered by this Blockchain technology. The self-executing nature of the computer algorithms around which applications are built eliminates human interference. Since its inception, Ether has been quite popular – the number of transactions using Ether was deemed to be twice of that of Bitcoin in 2017 (Bitcoin is the most popular cryptocurrency). A considerable reason for this is that Ether transactions tend to be confirmed quicker by the ethereum blockchain than Bitcoins do on its blockchain. Also, Ethereum can be used as a …
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Author: Surajdeep Singh