The currency of Ethereum is the second largest digital currency after the bitcoin in terms of popularity

As well as market value, and has also achieved good growth during the recent period

With a market value of more than 18 billion dollars.

In this article we will discuss the number of facts about the currency of Ethereum to be identified

History of Ethereum

This currency comes in addition to the competitive currency of the currency of bitcoin

And alternative to traditional currencies, has been launched the first time in 2015.

It is one of the fastest growing currencies as its value has started from US $ 2.8

And reached more than 200 dollars these days.

And was released exactly in August 2015 to achieve great fame in a short period unlike many other digital currencies that emerged during this period did not succeed in attracting investors and customers.

How does Ethereum work?

Ethereum is a decentralized system of computers connected to each other around the world, which uses a set of applications, many orders are executed according to smart contracts, the latter are information protocols that mimic the conclusion of traditional contracts where conditions and requirements are required to implement them without the need for a particular authority or entity Controls its operations.

Of course, this system is based on a database called blockchain, the same rule on which various digital currencies depend.

The coin ether is recognized

According to the decentralized system, the ether coin is produced and the latter has a value that changes daily, and the higher the demand for it, the higher the value of this currency, if the demand for it declines.

Many entities have recognized this currency, including Microsoft, Intel and JPMorgan. There are about 86 other organizations that have made understandings and companies with the Enterprise Ethereum Alliance group.

What affects the value of ether or Ethereum

I know very well that Ethereum is a basic decentralized system to produce ether currency but the general public prefer the first label when they talk about this currency and even big forex and trading sites use the Ethereum label.

Apart from this dispute, what affects the value of this currency is a combination of different factors, first recognition of companies and the adoption of more applications on them, the more dealers and recognized the existence of the value of increased.

Also, the survival of its decentralized system away from any manipulations or penetrations is necessary and healthy for it, otherwise a fact will collapse if it is confirmed that it has been compromised and stolen the money of the dealers.

On the other hand, this currency is influenced by its rival Betcoin

Which is the top of this sector has been noted that it has achieved a growth rate of 2300 percent this year in value compared to the doubled value of the home.

And therefore in the event of the collapse of the value of the property will collapse the value of this currency also,

So if you are a dealership you should not isolate yourself from the news of bitcoin.

The default ethereum currency is rising again and awaiting South Korean legislation

Virtual currencies continue to attract more investors in the recent period, After the currency rose bitcoin Strongly

Last week,The Ethereum currency hit its highest level since June.

South Korea's Won accounts for more than 60% of the trading of the ethereum currency, which could prompt South Korean lawmakers to legislate and regulate digital currency trading, led by Ethereum and bitcoin

"Which could increase its rise sharply".

End of article:

Ethereum is a decentralized system on which the ether coin is generated,

And the latter we have identified in this article to be the beginning of a series of articles will address the developments and the future of this digital currency.

Source Translator

"Facts about the coin Ethereum is the second largest digital currency after betcoin"