Although commonly compared to Bitcoin, Ethereum was designed to be a decentralized application platform that could serve as a universal platform for an endless number of purposes, financial and non-financial. It runs on smart contracts that are, in the words of Ethereum’s creator, applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
The Ethereum cryptocurrency, Ether, serves as a means of payment for computation time and transaction fees. Ethereum record prices have followed the Bitcoin record of 2017, with the price of $407.10, which amounts to 5000% of the price at the beginning of the year.
Ethereum Exchange Rates
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