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Ethereum Coin Explained Part-2 ||

samin1 - 2024-06-21 14:52:57





Assalamu Alaikum








Today we will talk about Ethereum Coin. The most popular coin after Bitcoin is Ethereum. Not only that, Ethereum coin is also compared to Bitcoin. In today's post we will learn about Ethereum coins so let's get started. Ethereum coin relies on blockchain and is decentralized. We use different apps. May be Facebook, YouTube and many more. You can put videos there if you want. You can post there if you want. But if you don't follow the rules, your video or post will be removed. It means someone has control over it. But in case of Ethereum it has no control. There is no specific owner.

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![pexels-david-mcbee-730552.jpg](https://cdn.steemitimages.com/DQmPy3Ldq76ii1Wfkb5nH6D3hhbP7jyub8pJzEZSFjYwFVy/pexels-david-mcbee-730552.jpg)


[Source](https://www.pexels.com/photo/round-gold-colored-ethereum-ornament-730552/)

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Ethereum coin has smart contract with the help of which people can easily exchange coins. It means that if someone wants to buy coins, a chain is created. When someone agrees on that chain, the chain is unlocked and gives Ethereum to that person's chain. This is smart contract. We will discuss this further in another post. Anyone can create decentralized apps with the help of Ethereum. It's a benefit. In general, apps cannot be built with bitcoins like Ethereum.

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![pexels-moose-photos-1036637.jpg](https://cdn.steemitimages.com/DQmPtYpszKRkjV9Tyvf1Fd59DpXSaEBrfQ5W1m784YNDKH9/pexels-moose-photos-1036637.jpg)

[Source](https://www.pexels.com/photo/round-gold-colored-ethereum-coin-1036637/)
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Also people's interest in Ethereum is increasing day by day. As a result people started investing more. And it occupies a big place in the market. Ethereum 2.0 comes to give this coin a new look, which is more updated and can be used to do all kinds of things in a better way. This can also be discussed in detail. Will discuss in another post.

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![pexels-jonathan-borba-14891535.jpg](https://cdn.steemitimages.com/DQmRZ2MXdGtVvBG8TmBio2tohZBCwj9xp7dQzfqLcqg4jHG/pexels-jonathan-borba-14891535.jpg)


[Source](https://www.pexels.com/photo/ethereum-coin-on-yellow-background-14891535/)
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Also Ethereum coins have pow and pos.POW-Prove of Work and POS-Prove Of Stake. Because of all these features Ethereum became more popular and following people's interest in Ethereum. The pow and pos project has been designed to make Ethereum transactions fair. So friends this was today's post. If you know anything more about Ethereum, please comment. Vote if you like the post. Thanks everyone for reading the post till the end. I am leaving here today, see you in a new post. Everyone will be fine.