Ethereum is a blochchain network that enables the development of decentralized applications. Also, Ethereum is one of the most common cryptocurrencies used for trading. Ethereum became the second most popular asset after Bitcoin.
Let’s take a closer look at this crypto, and find out how to mine ETH coins and the most popular pairs with ETH.
Ethereum is a versatile project, a smart contract platform where you can run decentralized applications. ETH is the native coin of the platform. Being one of the most popular digital currencies in the world, ETH is listed on all large crypto platforms. You can find and buy crypto Ethereum on Binance, WhiteBIT, Huobi, Kraken, OKEx, and many other services.
Today the pair ETH USDT is traded at $1,096. You can keep track of the rate changes on the WhiteBIT exchange or any other credible resource.
Every ETH coin appears when a new block is added to the network every 15 seconds. Miners receive rewards for adding blocks to the blockchain.
Mining Ethereum becomes more and more complex, the same as mining Bitcoin. Every new block doesn’t come easy and requires expensive computer power and equipment.
Like Bitcoin, Ethereum mining is based on the proof-of-work (PoW) algorithm.
The Most Popular Pairs With ETH
According to the statistics on the WhiteBIT exchange, the most popular pairs traded with Ethereum are:
- ETH USDT
- ETH BTC
- TRX ETH
- HMR ETH
Smart contracts
Smart contracts are the main part of the Ethereum network. They act as proof for transactions. For example, when securing collateral in cryptocurrency, a smart contract guarantees the return of collateral if the parties’ conditions are met. It ensures the reliability of transactions, and at the same time, the parties involved in the transactions remain anonymous.
You can purchase cryptocurrency Ethereum and other popular assets on the WhiteBIT platform.