Ethereum for Crypto Beginners Part 1
Ethereum stands as the most prominent alternative to Bitcoin in the realm of cryptocurrencies, offering not just a digital currency, but a robust platform for decentralized applications through its smart contract functionality. If you're looking to delve into the world of cryptocurrencies, understanding Ethereum is an excellent starting point. Understanding Ethereum vs. Bitcoin While Bitcoin was primarily created as a digital alternative to traditional currencies, aiming to be a store of value similar to gold, Ethereum was designed to be much more. Ethereum not only serves as a currency but also supports a wide range of applications with its smart contract technology. Key Activities on Ethereum: Financial Services (DeFi): Engage in lending, borrowing, and liquidity provision, and earn yields and rewards through decentralized finance. Gaming and Collectibles (NFTs): Purchase, sell, and create unique digital items and collectibles through Non-Fungible Tokens. Governance and Verif...