Ethereum - Ethereum is a cryptocurrency which is similar to Bitcoin and based on blockchain for the recording of data on money transactions.
Ethereum is often considered to be a competitor of Bitcoin, but this is not strictly the case. The Ethereum technology offers a unique opportunity. Ethereum allows you to register any trades, with any assets, on the basis of a distributed database of contracts of a blockchain type avoiding traditional legal procedures. It applies so-called "smart contracts" technology.
Users of the system, use the calculating capacities of their equipment for maintaining the system (mining).
The Ethereum price dynamics are based on the trust shown in it and are exclusively formed by a balance of supply and demand on stock exchanges. There is no central body that can influence its price or require others to accept payments in this cryptocurrency. That is why the actual value of the currency depends on the emission of the amount of goods and services that could be acquired for it.