The Birth of Ethereum
Ethereum (ethereum, ether) is both a cryptocurrency and a functional decentralized environment that has truly revolutionized the entire IT sphere.
The creators of the ether, among which Vitalik Buterin stands out when launching this platform pursued the standard goals for cryptocurrency authors – improving Bitcoin. However, the broadcast can hardly be called Bitcoin 2.0. They are somewhat similar, but there are some conceptual differences between them.
ETH tightly captured the status of the second most popular cryptocurrency in the world and the most revolutionary. In this article, we will talk about the features of Ethereum in a language that is understandable to the ordinary reader, without delving into the technical details.
How Do Ethereum Transactions Work?
Ethereum is a computer algorithm that provides contracts within the blockchain. Smart contracts are built so that the execution of a particular action occurs only when certain conditions are met.
Miners support the operation of the Ethereum blockchain (read our material on mining). The platform uses the Proof-of-Work algorithm – proof of work, requiring the computing power of participants for the safe functioning of the network. Miners receive a reward for the found block signature – all this is very similar to Bitcoin.
It is smart contracts that underlie all ICOs, guaranteeing automatic crediting of tokens to investors after transferring ether to these wallets.
It is not a secret that many people buy Ethereum with the aim to hold and sell it later when the price hits new highs. Binaryx offers all users to store their Ethereum on the platform by providing them with advanced security and other features.
Send/Transfer Ethereum via Binaryx
With Binaryx, all users can transfer or send Ethereum to other cryptocurrency owners. You can buy Ethereum here, and manage your transfers easily.
Margin Trading & Margin Funding
Binaryx allows up to 3.3x leverage trading by providing traders with access to the peer-to-peer funding market. Liquidity providers can earn interest by providing funding to traders wanting to trade with leverage. Funding is traded on an order book at various rates and periods.
Trade Ethereum on Binaryx & Enjoy Marketplace Features
Here on Binaryx, you have an outstanding opportunity to start trading Ethereum, regardless of your level of experience. You can find the best cryptocurrency traders and copy their trading performance. Binaryx offers users an extensive set of features, in which you are guaranteed to experience a secure trading activity. Find out how many opportunities are available for all cryptocurrency traders, and how you can become an expert in the crypto trading by following the experienced professionals and leaders.
Binaryx is the first marketplace of professional crypto-traders based on the most reliable cryptocurrency exchange platform. Start buying and selling ethereum with the best crypto-traders, or by yourself.
- Marketplace. Binaryx provides the ability to search and work with the best cryptocurrency traders around the globe. By using unique algorithms, Binaryx offers low-risks opportunities so you can minimize the risks.
- Exchange. Our primary mission is to launch a robust platform for all crypto traders, regardless of their experience in trading. Binaryx provides the best-in-class user experience, security, and 24/7 support.
- Blog. In our blog, traders can learn how to trade Ethereum, how to deal with other cryptocurrencies, and what strategies they can use when the situation on the market is unstable.