What Is Ethereum – And How To Buy Ethereum?

Thursday February 17, 2022
What Is Ethereum – And How To Buy Ethereum?

What is Ethereum? – A Bit of History

Ethereum is a digital currency, which operates free of any central control or the oversight of banks or governments.  Ethereum is what the market describes as a decentralized cryptocurrency. Instead it relies on peer-to-peer software and cryptography. A public ledger records all Ethereum transactions and copies are held on servers around the world. Various miners across the globe are participating in the network / ledger, and thereby help with approving transactions.


Blockchain is a genius system, which is recording information in a very smart way, that makes it difficult to alter or hack.


Each and every block in the blockchain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is then added to every participant’s ledger.

Ethereum was created in 2015 and has been moving forward ever since.

Ethereum was originally launched in 2014 as an ICO. It was originally set as 2000 ETH/BTC (BTC was around $600 at the time), which goes to around $0.3 per ETH. It then linearly declined as time went on to 1337 ETH/BTC, or around $0.45.


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Ethereum – All Time High – ETH/USD

Ethereum’s price has gone as high as $4,812 (which is ETH’s all-time high).
Reached in 2021.


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Please be aware that Bitblinx disclaims, that investing in cryptocurrencies are very risky in general.


Most cryptocurrencies are highly volatile.

Many crypto enthusiasts believe that Ethereum will be legal tender in many countries, just like we see Bitcoin today – in El Salvador. And more countries to follow soon.


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We wish Ethereum all the best of luck, in their current and future adoption.


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