How to buy Ethereum (ETH) with a credit card on StormGain? Table of Contents

What is Ethereum (ETH)?

Initially, the Ethereum project was only a software platform for developing applications based on blockchain technology, and a means of mutual settlements – a cryptocurrency – was made by miners and speculators. Let us recall the main characteristics of the ETH token and where you can buy the ether cryptocurrency.

If Bitcoin was originally developed as crypto money, then Ethereum is an open database technology with a public ledger of records of digital transactions. The system does not need any centralized control and security systems, peer-to-peer transactions are executed without additional delegation of rights to some third party or to each other.

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Mining and capitalization of Ethereum

The developers of the project assumed that Ethereum would be a universal medium of exchange for any operations, actions, exchange of resources, or registration of transactions with any assets using “smart contracts”. To create such contracts, Ethereum uses the Dagger-Hashimoto algorithm, the Proof-of-Work concept to secure the network, and the GHOST protocol to ensure the decentralization of data centers.

As of 03/12/19, the capitalization of ETH is estimated at $ 14,192,375,156, ETC – approximately $ 467,970,000. Both tokens are created as a result of mining using the ethash algorithm. The total number of ETH and ETC coins is unlimited, so those who are ready to invest can buy Ethereum cryptocurrency with an eye to stable profits for at least 2 years.

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Ethereum cryptocurrency – Buy after the scandal

It was Ethereum that was the first to show the cryptocurrency world an example of technologically correct and politically competent behavior in the market. In 2016, The DAO project was hacked through a hacker startup built on the Ethereum platform and ETH coins with a market value of more than $ 50 million were stolen. The situation was related to problems in protecting the DAO project, but the developers decided to intervene to protect the reputation of Ethereum.

By voting, the community decided to carry out a hard fork (correction of the program code), which made it possible to roll back transactions by the time of the hack and return most of the stolen funds to investors. But such a decision was not made by a part of the community, since the basic principle of the blockchain was violated – the irreversibility of each transaction. As a result, opponents of the hardfork can buy the cryptocurrency ether in the form of a new token Ethereum Classic (ETC), which continues to work as the project of The DAO, and Buterin’s supporters support the regular Ethereum (ETH) network. both tokens are freely traded on stock exchanges.

Today Ethereum is included in the so-called “standard package” of cryptocurrencies and is offered on all trading platforms. For stock speculation and the usual buying and selling of Ethereum for BTC, LTC, Ripple or other altcoins, you should turn to Binance, HitBTC, StormGain, etc.

You can also buy Ethereum cryptocurrency for fiat money – most exchangers allow you to pay via Visa or MasterCard, as well as using QIWI; Yandex money; Perfect Money; Skrill, Paypal, and also Payoneer.

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