Ethereum Explained: What is Ethereum & How Does it Work? Simply Explained!

What is Ethereum and How Does it Work? Ethereum, What is Ethereum? What is Smart Contract? and why do we need anything other than bitcoin? Also, have you wondered what is the difference between bitcoin vs Ethereum? Well, today we will answer all of these questions and many more. Ethereum is a platform powered by blockchain technology that is best known for its native cryptocurrency, called ether, or ETH, or simply ethereum. The distributed nature of blockchain technology is what makes the Ethereum platform secure, and that security enables ETH to accrue value. The Ethereum platform supports ether in addition to a network of decentralized apps, otherwise known as dApps. Smart contracts, which originated on the Ethereum platform, are a central component of how the platform operates. Many decentralized finance (DeFi) and other applications use smart contracts in conjunction with blockchain technology. Cryptela helps you to keep yourself updated with crypto updates and what ICO’s and other coins are hell active in the market. Stay tuned to our Cryptela YouTube channel for future crypto updates. In recent video we will cover following topics: What is Ethereum? What makes Ethereum unique? The future of Ethereum The dangers of cryptocurrency investment