Introduction to Ethereum
Ethereum is a global, open-source platform for decentralized applications.
Launched in 2015, Ethereum is the world’s leading programmable blockchain.
Like other blockchains, Ethereum has a native cryptocurrency called Ether (ETH). ETH is digital money. If you’ve heard of Bitcoin, ETH has many of the same features. It is purely digital, and can be sent to anyone anywhere in the world instantly. The supply of ETH isn’t controlled by any government or company - it is decentralized, and it is scarce. People all over the world use ETH to make payments, as a store of value, or as collateral. Learn More
An Ethereum wallet can help manage your ETH assets, including balance inquiry, transfer, etc. At the same time, you can interact with the decentralized applications built on Ethereum through the wallet.
- imToken on mobile - Provides secure and trusted digital asset management services to millions of users in more than 200 countries and regions around the world
- imKey Hardware wallet - Safe and easy to use, protect your digital asset and say no to token theft from now on!
🔸Please learn how to make a backup before creating a wallet
There is a wide variety of ways to obtain Ether. Buying Ether through an exchange is the easiest and the most common way. Before doing so, make sure the exchange operates legally in the region you live in and accepts the methods of payment you wish to adopt.
Before any purchase make sure to learn about the different options and understand risks involved in buying Ether.
🔸Exchanges that support the purchase of Ether
There are plenty of centralized and decentralized exchanges that allow you to trade Ether and Ethereum-based tokens directly with other users.
🔸Decentralized Exchange Tokenlon
Tokenlon is a decentralized exchange powered by 0x protocol. It aims to offer a seamless trading experience with fast speed, competitive prices and many tokens. The trading assets are completely controlled by users, and you can use Tokenlon to quickly complete currency exchange without topping up or withdrawing.
The centralized exchange acts as a custodian to offer trading with deposited funds. Exchanges are easy to understand and usually provide good prices.
The way of processing transactions of banks and blockchains can be worlds apart. You may encounter problems such as transaction fail or incorrect wallet address while transferring Ether. Below is a list of articles elaborating how Ethereum works:
- Life Cycle of an Ethereum Transaction
- Accounts, Transactions, Gas, and Block Gas Limits in Ethereum
- What is the Ethereum miner fee?
- Understanding ERC-20 token contracts
- What are Ethereum Collectibles（ERC-721 Token）?
- Cause and Effect of Failed Transaction
- What should I do if I transfer to a wrong address?
- How to set up the transaction fees？
- Transaction failed but the fee was still deducted.
In Ethereum, PoS is employed to confirm transactions. This mechanism facilitates the synchronisation on Ethereum network so as to protect it from the 51% attack.
Vitalik Buterin, co-founder and chief scientist of Ethereum, born in 1994 and first described Ethereum in a white paper late 2013. Ethereum, launched in 2015, is a decentralized computing platform built on blockchain. In 2016, Fortune first placed him on its 40 under 40 list. Learn More
- CoinMarketCap: Cryptocurrency Market Capitalizations
- CoinGecko: 360° Market Overview of Coins & Cryptocurrencies
Ethereum Block Explorer
Ethereum Block Explorer is an open source web tool that stays synchronous with all Ethereum nodes and allows you to view information about blocks, addresses, and transactions on the Ethereum blockchain.