How to invest in ethereum. Investing in Ethereum (ETH) - Everything You Need to Know - enemyremains.com
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Buy CFDs to go long, or sell them to go short. Ethereum works as a digital platform which adopts the blockchain technology established by bitcoin, and expands its use to accommodate a wide variety of other applications. It is not to be confused with ether — the cryptocurrency underpinning the network — which is often referred to as ethereum. How does ether work? Ether, like other cryptocurrencies, uses a shared digital ledger where all ether transactions are recorded.
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Ethereum has become a popular cryptocurrency alternative to Bitcoin over the last year. However, unlike Bitcoin and rival currency Litecoin, Ethereum has been adopted by many companies and startups as a way to transact and more.
In the cryptocurrency wars, I like to view Ethereum like the diamond of the currencies - it has both a intrinsic value and an industrial value. Compare this to Bitcoin, which operates like gold - not much industrial value, but people buy it and sell it based on it's intrinsic value to the holder.
Given the popularity of Ethereum, many people are curious about what it actually is, how it's different than Bitcoin, and how to invest in it. It's also important to note the risks of investing, and the potential to mine it and create your own wealth of Ether the actual monetary unit of Ethereum. Before we dive in, it's how to invest in ethereum to note that to look at, use, and transact in Ethereum, you need a digital wallet.
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