Right now, Ethereum is the second most valuable and popular cryptocurrency (after Bitcoin) to buy in Canada and worldwide. It’s most known for its blockchain platform that supports cryptocurrenices, smart contracts, and thousands of decentralized apps (dApps). The Ethereum coin is called Ether, or just ETH.
Since its release in 2015, Ethereum has remained one of the top cryptocurrencies to buy in Canada due to its scalability and functionality, making it a promising investment for many.
Because Ethereum has a growing number of dApps and non-fungible tokens (NFTs), this crypto coin is likely to have a significant impact on future technology. By investing in Ethereum now, you could get in on its revolutionary technology in its early stages.
The Ethereum network, known as a blockchain, offers much more than just a crypto coin to buy. Ethereum was made as a decentralized platform, unlike other cryptocurrencies which were made only as digital currencies.
Unlike regular centralized apps, decentralized apps built on the Ethereum blockchain aren’t controlled by a single organization. And because all dApp data is stored publicly on the Ethereum blockchain, the data can’t be altered or tampered with.
Ehtereum stands out from other cryptocurrencies in Canada because many NFTs rely on the Ethereum network. You need to buy ETH if you want to buy and sell NFTs in Canada. It isn’t possible to buy NFTs with most other cryptocurrencies.
Smart contracts also make Ethereum stand out. They are the backbone of all dApps and NFTs, and many see them as the future of financial contracts.
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