What is ether

Explaining more about the ethereum cryptocurrency


Ether is a cryptocurrency created on Ethereum blockchain whose transaction takes place from one peer to another without involvement by the government thus is being considered to be decentralized.

Where does Ether transaction take place?

Ether transactions take place on Ethereum blockchain based on Ethereum blocks and timestamp. To view how the Ethereum transaction takes place on the Ethereum blockchain, simply click on the link below;

https://etherscan.io/blocks

When was Ether created?

Ethereum was first announced in 2014 and released to the public in 2015.

Who created Ether?

Ethereum was created by a skinny Canadian boy by the name Vitalik Buterin

How is Ether created?

Ether is created through mining process by the aid of ethash and ASICS hardware in the presence of internet and electricity.

How many ether are supposed to be in circulation?

The maximum number of ether expected to be in circulation should be 120,000,000 according to Vitalik Buterin

What is the current price of ether?

Currently, 1 Ether is worth more than $290 and the price is expected to increase over time

Where can i store my Ether?

To store your ether , you can do it your several cryptocurrency wallet like coinbase and coinpayment or you can store it safely on ether wallet software like myetherwallet provided that you have created your private key which you will be using to get access to your account and provided that you have your public address for receivng your ether.

How do i transfer my ether to another user?

If you want to transfer your ether to another user, each one of you must have trust on one another. The user must provide you with public address where they want to receive a certain number of ether. Here is how the address should look like;


Now that you know about ether, i think it will be easier for you to send or receive ether. You can now start owning ether if you don't have some.