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Ether

Ether

Ether (ETH) is the cryptocurrency used on the Ethereum blockchain that can be used to operate smart contracts.

Ether (ETH) is the cryptocurrency used on the Ethereum blockchain that can be used to operate smart contracts. The Ether presale was held in 2014, and approximately 60 million Ether were created for participating presale buyers and 12 million Ether were created to fund development of decentralized applications (dApps) on Ethereum. Each year, the issuance of Ether is 18 million, which is about 25 percent of the initial supply sold during the ether presale, and about 3 Ether are issued every fifteen seconds to miners.

The payment solution doesn't need a third party to process or approve transactions. It is considered as processing power for the applications on the Ethereum network.

Ether differs from Ethereum in the sense that it is used for transactions made on the Ethereum platform. Ethereum requires Ether as payment for any of the programs and services that are connected to the network and require computing power. Ether transaction fees vary according to the amount of fuel needed for the service.

Timeline

Further Resources

Title
Author
Link
Type
Date

Cryptocurrency ether plunges again, decoupling from bitcoin

Kate Rooney

News

What is Ethereum? A Simple Explanation Anyone Can Understand

April 1, 2007

News

Title
Author
Date
Publisher
Description
September 4, 2021
The Economic Times
The second-biggest cryptocurrency rose as high as $4,027 on Friday before paring gains. It was at $3,914 as of 12:06 p.m. on Saturday in Hong Kong, trading at levels only reached previously in May. Ether has gained more than 50% since the end of July, with the Ethereum networks London upgrade early last month reducing supply increases.
Liam Doyle
August 17, 2021
Express.co.uk
ETHEREUM has laid claim to the number two spot on cryptocurrency market tables for years, sitting just behind Bitcoin in the top spot. But it has never managed to overtake the world's most famous crypto, and charts show it is shakily adjusting to a new trend.
August 7, 2021
mint
Bitcoin gained as much as 4.1% to $44,463 on Saturday, its highest level since May 18.Ether increased as much as 6.9% to $3,145, gaining for a fourth day amid the Ethereum network's London upgrade, which reduces the pace of growth in the coins
Bloomberg
August 7, 2021
@bsindia
Ether increased as much as 6.9% to $3,145, gaining for a fourth day amid the Ethereum networks London upgrade, which reduces the pace of growth in the coins
Georgina Laud
August 7, 2021
Express.co.uk
ETHERERUM has been on an upward trajectory of late, with the coin increasing 25 percent in the past week alone. So will Ether continue to boom? Latest price predictions for end of 2021.
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References

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