Ethereum is the second largest cryptocurrency behind the global leader, Bitcoin.
The concept of Ethereum was formulated at the end of 2013 and introduced to the public in 2015. Unlike Bitcoin, we very much know the identity of the person who invented Ethereum: Vitalik Buterin is a Russian-Canadian programmer and writer primarily known as a founder of Ethereum.
Ethereum is a decentralized platform running on blockchain, a transparent database that stores and protects transaction logs, as well as Bitcoin. However, Ethereum focuses on creating different decentralized applications rather than replacing FIAT money, as in the case of Bitcoin..
How to store your Bitcoins?
You can use a huge number of wallets to store your Bitcoins. Simple mobile, web or computer wallets in the form of applications are available on the market. However, these are vulnerable to viruses and malware. The safest way to store your Bitcoins is in a so-called hardware wallet (Trezor or Ledger), , that encrypts access to your wallet.
Cryptolabs recommends the following digital wallets:
Risks
- Virtual currency trading poses significant risks. Prices might fluctuate on any given day. Due to such price fluctuations you may increase or lose the value of your assets.
- We do not guarantee any profit from trading or any other activity associated with the website cryptolabs.sk. Due to risks mentioned above, and those not listed, you should consider whether the digital currency is the right choice for you depending on your financial circumstances.
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