Various cryptocurrencies have started to be used with the developing technology. So, what is Ethereum, one of these currencies?
Programmable Currency Crypto
Ethereum also appears as EHT in short. Ethereum has a number of features, just like Bitcoin . This currency, which can be used entirely digitally, is not tied to a place, but also to any company, bank or country; it is also not subject to a specific limit.
Available from anywhere in the world, Ethereum has several features that distinguish it from other cryptocurrencies. The main difference that distinguishes this currency from other units, if most generally discussed, is that it is programmable. What does it mean that Ethereum is programmable? This means that the developer team will be used to prepare new types of applications.
Ethereum Differs From Other CryptoCurrencies
In today’s world, everything now takes place in a virtual environment. Almost every transaction is carried out in a virtual environment with many eases, as well as speeding up the process. Based on blockchain technology, this digital currency is a very useful platform where problems encountered in other cryptocurrencies are overcome. While currencies such as Bitcoin can only be used for peer-to-peer payments, Ethereum includes many different applications running on this platform. In this case, hundreds of different applications can be developed on a single platform instead of developing new and original Blockchain for each new application.
Apart from the features mentioned in Ethereum, there are several features. Ethereum cannot be changed by a third party. In addition, applications are protected by high security measures against attacks and fraudulent activities. In addition, the Ethereum platform is set out with a zero glitch password. Therefore, applications will not become available and are designed to never be turned off.
What is Ethereum in short? Itwas first included in our lives in 2013. It is not only cryptocurrency science, but also money operating system. It allows other altcoins to occur as it enables users to develop their software. It was created by its creators with the aim of being the energy source in the world’s Internet system. Today, it is one of the most widely used cryptocurrencies. Buying Ethereum in Turkish Lira is also carried out through the cryptocurrency exchange.