Ethereum (ETH) in Dubai? Know what it is and how it works

Ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference.

Ethereum is not a cryptocurrency. While people often talk about Ethereum in the context of Bitcoin, it is not a cryptocurrency but a platform. Ether, on the other hand, is the unit of exchange that drives Ethereum, and hence can be more accurately described as a cryptocurrency.

Like Bitcoin, Ethereum is another pearl in the cryptocurrency world. It is the second greatest virtual currency after bitcoin regarding market capitalization. It was established in 2013 by Vitalik Butkerin and it utilizes a cryptocurrency called Ether, which is utilized as a payment method.

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