Looking for the best crypto exchanges to buy Ethereum? Look no further as we will be listing some of them in this post. Ethereum is the second most popular cryptocurrency in the market just after Bitcoin. However, Ethereum is not just a crypto, its use case goes beyond that. Ethereum is a blockchain that allows for a P2P (peer-to-peer) transaction between two parties without the requirement of a third party.
Furthermore, Ethereum executes and verifies application codes called smart contracts. The smart contract is what makes it possible for the peer-to-peer system to function properly without the need for an intermediary. Ethereum also offers faster transactions than Bitcoin.
Pros and Cons of Ethereum
Pros
- Huge developer following
- Its revolutionary smart contract technology has transformed the market
- Ethereum offers more functions than the average cryptocurrency
- Backed by respected crypto industry figures
- Processes faster transactions than Bitcoin
Cons
- Transactions don’t happen as quickly as some of the more recent altcoins.
- Smart contracts are not perfect, it is prone to human error
- Because of its extensive features and use case, it might be confusing to beginners
Understanding Ethereum
Ethereum may appear to be simply another cryptocurrency, but it is essentially a supercomputer that is run on a worldwide scale. Though it may sound like science fiction, it is actually reality.
Ethereum’s network is powered by millions of computers worldwide, much like Bitcoin’s. The unique ability to execute smart contracts on its blockchain was the primary breakthrough of this decentralized cryptocurrency network.
However, the majority of users still use Ethereum mostly for cryptocurrencies. It continues to be one of the most well-liked altcoins worldwide and a favorite of both investors and innovators.
Best Crypto Exchanges to Buy Ethereum
Below are some of the best and easiest cryptocurrency exchanges to buy Ethereum.
Best Wallets to Hold Ethereum
Some of the best crypto wallets to hold your Ethereum include:
- Ledger Nano S
- Ledger Nano X
- Exodus Wallet
- Trezor Model T
- Atomic Wallet
Ethereum Overview
Supply: Ethereum (ETH) circulating supply is about 120 million at press time but the max supply is not defined.
Network Speed: Ethereum’s average transactions per second stays at 25-30
Disbursement: Before the Ethereum blockchain started functioning, about 72 million ETH token was mined. These tokens were distributed to the participants in the ICO (initial coin offering) and also the three co-founders.
Developer Engagement: Only the grassroots development community of Bitcoin rivals Ethereum’s size as the world’s largest developer ecosystem.
Liquidity: By market capitalization, Ethereum is the second-largest cryptocurrency, making it one of the most generally accepted and accessible cryptocurrencies on the market.
