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The price of the cryptocurrency ethereum today

The price of the cryptocurrency ethereum today

Ether is the digital currency of ethereum.  (Infobae)
Ether is the digital currency of ethereum. (Infobae)

ethereum is a digital platform that adopts blockchain technology (blockchain) and extends its use to a wide range of applications, and Ether is its native cryptocurrency. In the world of digital finance, it is common to call cryptocurrency the network, although they are not really the same thing.

ethereum platform, founded by programmer Vitalik Buterin in 2015aims to be an instrument for decentralized and collaborative applications that can be executed on smart contracts (dAPPs)

However, among its shortcomings is a limited scalabilitythat is, it only allows 15 transactions per second, this situation already put ethereum in check when in December 2017 the CryptoKitties app ‒a game where users could trade digital kittens for speculative purposes‒the platform experienced massive traffic jams where many transactions did not go through. Currently working on version 2.0 to make improvements.

Like bitcoin, the price of ether increased in a short period of time. In January 2016, ether was trading around a dollar and currently it has the highest level of 4891.7 units. Nor was he safe from great circumstances.

Time: 1:05 pm (UTC time)

Worth : 1703.92 dollars

Change in the last 24 hours: -8.32%

Last change: -1.09%

Claim by capitalization: # two

Ethereum keys.  (Illustration: Anayeli Tapia)
Ethereum keys. (Illustration: Anayeli Tapia)

Virtual currencies emerged in 2008 in exchange for devaluation of various currencies as a result of the economic crisis of that year.

The first digital asset created was the bitcoin and over time others like it litecoin, ethereum, bitcoin, cash, ripple, dogecoinsome of the most common.

Cryptocurrencies work by a cryptographic encryption that guarantees the security of transactions, as well as the control of the creation of coins .

To make transactions, cryptocurrencies use a decentralized database, blockchain, or shared ledger.

It is important to mention that cryptocurrencies are digital assets that do not exist physically and, unlike currencies such as the dollar, the euro or the peso, they are not controlled by any institution and do not require intermediaries in transactions.

The latter caused that the formal market does not view cryptocurrencies favorably, accusing them of being unreliable, volatile, promoting fraud, not having a legal framework that supports their users, allowing activities to operate illegally, among others.

However, very little has opened the way to such an extent that companies, millionaires and even States have encouraged or authorized its use.

One of the richest men in the world, Elon Musk, has made comments in favor of cryptocurrencies like bitcoin and dogecoin, temporarily allowing their use by the electric car company Tesla, causing their price to rise.

I The Savior, President Nayib Bukele legalized bitcoin, being the first country to do so. In case Mexicoone of the richest businessmen in the country, Ricardo Salinas Pliego, has publicly announced his intention to accept cryptocurrencies in his companies, and one of his biggest – the store Elektra – already does so.

For his part, the president of Conradh na Gaeilge Argentina, Alberto Fernández, proposed to be used to fight inflation. Even i Peruthe Central Reserve Bank warned that it was working on its own digital currency project.

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