Ready to buy Ethereum? Here’s how to get started.
As you venture into the world of cryptocurrencies, you’ll quickly come across Ethereum. It’s the world’s second-biggest cryptocurrency, and it’s faster and more adaptable than its big sibling Bitcoin.
Ethereum is a programmable blockchain. Blockchains are like super–sophisticated databases that are difficult to tamper with — cryptocurrencies like Ethereum and Bitcoin both use blockchain technology.Ethereum is designed so developers can use it to create new coins. It also runs smart contracts or self-executing contracts, which are small pieces of code that let people set up automated legal agreements that don’t need a middleman. (For example, a smart contract can automatically push through a transaction without human intervention, depending on the terms of the agreement.)
The main risks when you buy any cryptocurrency are volatility, hacking, theft, and scams. The following steps will help reduce these…