Ethereum is a distributed public block chain network that focuses on running programming code of any decentralized application. More simply, it is a platform for sharing information across the globe that cannot be manipulated or changed.
Ether is a decentralized digital currency, also known as ETH. In addition to being a tradeable cryptocurrency, ether powers the Ethereum network by paying for transaction fees and computational services. Ether is paving the way for a more intelligent financial platform.
HOW MUCH IS IT WORTH?
Like all assets, the market value for a single ether is determined by supply and demand. The current price is $319.18
WHY SHOULD I USE IT?
As the Ethereum platform grows, it will change the way we do business and transact on a daily basis. We want to give you the opportunity to start using ether now, so you’ll be ready for what the future brings.
HOW DO TRANSACTION FEES WORK?
When you send ether or do anything else on the Ethereum block chain, you must pay miners for the computation of that transaction. In your Blockchain wallet, we’ll set this as a fixed fee for you.
HOW IS IT DIFFERENT FROM BITCOIN?
Ethereum expands on Bitcoin by harnessing block chain capability for computer code. Ethereum has a wide range of potential applications such as voting, global supply chains, medical records, and the financial system.
At Blockchain, we care deeply about building products users love. We’re constantly collecting user feedback and using it to help determine where we go next.
Today, we’re excited to announce that you can now seamlessly store, send, and receive ether from within the Blockchain wallet. By adding ether as a new currency, we’re providing users with a new diverse way to interact with the digital economy.
Using the same user-friendly interface, you can now seamlessly toggle between bitcoin and ether. To keep it simple, the ether experience will mirror the bitcoin experience our users have come to love.
For users looking to acquire ether, we’re excited to introduce a built-in BTC to ETH (and vice versa) exchange, powered by ShapeShift. Accessible directly within your Blockchain wallet, this integration makes it easy for users to acquire both digital currencies and monitor exchange progress, from start to finish.
Of course, in keeping with our ethos, this is just the first iteration of this product. In the coming weeks and months (and years!), we’ll continue to gather user feedback and use that to further build out this integration. Let us know what you think and where to go next.
Don’t have a Blockchain wallet? Click here to sign up today!