Ether, a cryptomoneda created in 2014 that works by means of a platform, denominated Ethereum, and that can only be used within it, is gaining more and more popularity in the digital market.
The virtual currency threatens to overturn the bitcoin, which is traded Tuesday at $ 2,581. Although the Ether is valued at $ 262, according to a BBC report, since the beginning of the year, its value has increased by 4,250 percent and has become the second most valued virtual currency, according to the comparison portal CryptoCurrency Market Capitalizations.
The main feature of Ether, which differentiates it from other cryptones, is precisely its operation from the platform that also allows the construction of decentralized applications or dapps. This means that there is no third party interference so the chances of fraud decrease.
The success is also because users can set instructions for money to move in a certain way without human intervention if, for example, the euro exceeds the pound, according to the BBC. You can also set limits on the transfers to determine that certain money goes for a particular payment.
The platform uses blockchain technology, which works through a database that forms block strings of movements or transactions without having to be modified by an intermediary.
