Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe. Ethereum is built on an ideology of decentralization and world computer. By design, Ethereum reduces counterparty risk and allows developers to create markets, store registries of debts or promises and move funds in accordance with instructions given long in the past. By using Ethereum, developers can create decentralized applications that run exactly as programmed without any possibility of fraud or third party interference.
How much is 0.08 ethereum
At the current price of $700 USD, 0.08 ETH is worth $56 USD. However, prices are constantly fluctuating so this number could change at any time.
Why is it valuable?
This makes Ethereum a potentially valuable asset as it provides a platform for developers to create new and innovative applications without the risk of fraud or third-party interference. Additionally, Ethereum’s blockchain is extremely powerful and can be used to move value around and represent the ownership of property. This makes it a potentially valuable asset for investors and developers alike.
What can you do with Ethereum ?
Ethereum is most commonly used to create decentralized applications (dApps). These are apps that run on the Ethereum blockchain and can be used for anything from financial transactions to social networking and gaming. Additionally, Ethereum can be used to create smart contracts, which are agreements between two parties that are written in code and stored on the Ethereum blockchain. These contracts can be used for anything from financial transactions to social networking and gaming.
Ethereum is also being used to create new types of currencies, known as altcoins. These are alternative versions of Bitcoin that use the Ethereum blockchain instead of the Bitcoin blockchain. Some examples of altcoins include Ethereum Classic, Litecoin, and Zcash. Additionally, Ethereum is being used to create new types of decentralized applications, such as decentralized exchanges, lending platforms, and prediction markets.
Comparison of Ethereum to other cryptocurrencies
Ethereum is often compared to other cryptocurrencies, such as Bitcoin, Litecoin, and Zcash. However, there are some key differences between Ethereum and these other cryptocurrencies.
Bitcoin is a decentralized currency that can be used for financial transactions and store of value. Ethereum is a decentralized platform that runs smart contracts and can be used to create markets, store registries of debts or promises, and move funds in accordance with instructions given long in the past.
Litecoin is a decentralized currency that can be used for financial transactions and store of value. Ethereum is a decentralized platform that runs smart contracts and can be used to create markets, store registries of debts or promises, and move funds in accordance with instructions given long in the past.
Zcash is a decentralized currency that can be used for financial transactions and store of value. Ethereum is a decentralized platform that runs smart contracts and can be used to create markets, store registries of debts or promises, and move funds in accordance with instructions given long in the past.
