What Is Ethereum and How to Make Money With Ethereum?
What Is Ethereum?
Ethereum was initially proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher, and programmer. Vitalik Buterin is very well-respected and most people in the Ethereum community believe in his vision. Development was funded by an online crowd sale during July–August 2014 and the system went live on 30 July 2015.
Ether is a digital currency used for operating smart contracts on the Ethereum network. Like Bitcoin, the Ethereum network and Ether tokens are not controlled or issued by any bank or government – instead, it is an open network which is managed by its users.
If you are not familiar with the term Smart contracts, they are computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that make a contractual clause unnecessary. Smart contracts often emulate the logic of contractual clauses.
to make a huge investment in mining equipment as it can be tough for you to be profitable in a long run.
Thank you for sharing this great post. I have created a mining rig especially for this crypto last year. I knew the risk that I was undertaking. But I did it anyway. And we all know what happened to ethereum after that. But I totally agree with you that it can be a big investment and you can never really be sure that you can repay it. Well unless you're for some reason have access to free electricity and you always get it back I'd say
no problem , eth has a great future
Other people spend time creating content. They have a right to receive compensation for their work if the market deems it of value. You do not have the right to take that person's content without permission and monetize it for your own gain.
That's called theft.
That quote above is taken from @shayne post https://steemit.com/steemit/@shayne/steemit-tips-how-not-to-behave-on-steemit-follow-begging.
You should read the following in it's entirety: https://steemit.com/steemit/@shayne/steemit-tips-how-not-to-behave-on-steemit-plagiarism
Just a friendly reminder.