5 million in virtual currency on Monday. According to Bancor, hackers bitcoin to dollar chart a wallet — which facilitates cryptocurrency trading — used to update smart contracts.
Just when you thought you had your head around bitcoin, along comes Ethereum. The word has been in a lot of headlines as the cryptocurrency world’s new favorite thing soared in value. But what exactly are ether tokens and Ethereum? And how is it different than bitcoin? We’ve broken it down for you. The reason you’ve been hearing about bitcoin for years, but Ethereum only recently, is that the latter was only developed two years ago while bitcoin’s been around for almost eight years. The Moscow native began working on Ethereum after he dropped out of college, according to CNBC.
They’re built on a technology called blockchain. That’s a kind of ledger that records and verifies transactions made on it. All transactions made on these so-called decentralized networks are public and not controlled by one governing entity. There are multiple ways you can acquire ether tokens. You can buy them on an exchange just like you would any investment. Or you can use a computer to “mine” for them by solving complex math problems using computer software.