This is the most easily accessible and easiest choice to make. By using your own CPU and the video card inside your PC, it will be possible to mine Ether. There are different types of mining, described below. If there are too many miners, the difficulty increases and the revenues decrease for everyone. A high-end video card is therefore required for profitable mining.īefore you can start mining Ethereum, however, it is necessary to open an electronic wallet to contain the Ether. The types of Ethereum mining are different and have different profit characteristics. Ethereum: types of miningĪs we have just seen, with the mining process, the system enters new money. This process is quite competitive as the amount of money entered is predetermined.
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The system, to work at its best, needs large computing powers. These come from the hardware of the users themselves. In practice, a user can decide to lend the computing power of their PC and, in return, receive Ether. It is currently the most capitalized cryptocurrency in the world after Bitcoin.īeing a digital currency, there are no Ethereum coins or bills. The introduction of new money is done through the mining process. The already mentioned smart contracts are paid through a specific unit of account, which takes the name of Ether. Ethereum is therefore a broader system than the usual cryptocurrencies. You will therefore have the certainty of getting the deal concluded in the best possible way. A contract, once stipulated and accepted by both parties, cannot be modified or censored by anyone.
These smart contracts may have a different nature: from the insured contract to the crowfunding project.Įthereum, exactly with bitcoin, is a cryptocurrency without central control by banks or government bodies. The idea behind Ethereum was to design a tool to facilitate transactions between businesses. Within the network, it will in fact be possible to create and convey smart contracts. The ultimate goal is the implementation of this technology in corporate infrastructures. Among the companies that are part of the group we also find Intel, UBS, Microsoft and Jp Morgan. Today Ethereum is used by millions of users every day in thirty different countries. In 2017, the Ethereum Enterprise Alliance was created, a consortium of large companies.
Some of these, such as the Serpent and Mutan, are designed ad hoc to write smart contracts. This feature allows the Ethereum system to receive continuous updates.īuterin, to raise funds, launched a public offer for the pre-sale of Ether. In about forty days, more than 31,000 Bitcoins were collected, a very high figure.įrom that day forward, Ethereum’s popularity continued to increase, even a lecture was held at Harvard University.
The development path of Ethereum was characterized by the development of different programming languages. The innovative Ethereum system allows the creation of smart contracts, which can be used in infinite ways.įor the actual release of the final version of the platform, however, it was necessary to wait until July 2015.