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What to know about Ethereum (ETH)?

Tags: ethereum



 Ethereum is a technology for building apps and organizations, holding assets, transacting and communicating without being controlled by a central authority. There is no need to hand over all your personal details to use Ethereum - you keep control of your own data and what is being shared. Ethereum has its own cryptocurrency, Ether, which is used to pay for certain activities on the Ethereum network.

Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet.

How do I use Ethereum?

Using Ethereum is relatively straightforward once you get the hang of it. First, you need to download a "wallet". A wallet is an app that helps you store your crypto and interact with applications on Ethereum.

Wallets let you manage your ETH and Ethereum applications. Each Ethereum transaction requires a fee in the form of ETH, even if you need to move different tokens built on Ethereum like the stablecoins USDC or DAI.

What is Ethereum used for?

Ethereum has led to the creation of new products and services that can improve different areas of our lives. We're still in the early stages but there's a lot to be excited about.

Strengthen the Ethereum network

You can help secure Ethereum and earn rewards at the same time on your ETH by staking it. There are different options for staking depending on your technical knowledge and how much ETH you have.

The success of Ethereum is thanks to its incredibly dedicated community. Thousands of inspiring and driven people help push Ethereum’s vision forward. Come and join us!



This post first appeared on My Crypto, please read the originial post: here

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