Ethereum

Ethereum is a decentralized software platform that enables smart contracts and decentralized applications to be built and run without any downtime, fraud, control, or interference from a third party.

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What is Ethereum?

Ethereum is a Blockchain smart contract platform that Vitalik Buterin and eight other co-founders created. Their main net officially launched Jul. 30th, 2015. Ethereum is a decentralized open-source blockchain that has a native cryptocurrency called ether. Ether (ETH) provides a foundation for numerous other tokens that run on top of its network, execute decentralized smart contracts, and build decentralized applications known as dApps. ETH mainly serves as a means of payment for transaction fees and as collateral for borrowing specific ERC-20 tokens within the decentralized finance sector, also known as DeFi.

Scalability has always been a known limitation for the current state of Ethereum. Although they have recently made improvements and upgrades to the network (ETH 2.0), in Nov. of 2017, the launch of CryptoKitties famously bottle-necked the network from high user activity. Another example was during the DeFi boom during the Summer of 2020, which caused transaction times and gas (transaction) fees to inflate, making the platform unaffordable for retail users. Ethereum’s recent upgrade of the network will account for better scalability and security measures without compromising the community’s values of decentralization.

Ethereum is unique in that it has been proven to last over time has passed through several distinct phases of solid demand. One of the most recent waves of tech innovation, decentralized finance (DeFi), has influenced entrepreneurs to use Ethereum to create new protocols that replicate traditional financial services. Lending, Staking, and Borrowing can be executed and managed without the need for a third-party intermediary.

How to Buy Ethereum (ETH)

Ethereum, a Blockchain smart contract platform, was created by Vitalik Buterin and eight other co-founders. Their main net officially launched Jul. 30th, 2015. Ethereum is an open-source, decentralized Blockchain system that features its own cryptocurrency labeled ether. Ether (ETH) is the foundation for minting tokens, executing decentralized smart contracts, and building decentralized applications known as dApps. ETH is primarily used as a means of payment for transaction fees, also known as gas fees. ETH is often used as collateral for borrowing specific ERC-20 tokens within the decentralized finance sector, also known as DeFi.

Where can I buy ETH?

H2cryptO – ETH is purchased easily through a centralized exchange, such as H2cryptO. H2cryptO offers a simple interface within our H2cryptO web/mobile app, and we offer exceptional 24/7/365 live support. Please remember that once a cryptocurrency or token is lost, it can be difficult to recover.

Why purchase ETH?

Ether is one of the most universally used Cryptocurrencies on the market. Ether serves two major purposes: a store of value and a foundation for decentralized finance (DeFi). As these tokenized assets run on Ethereum, they need to buy and send ether to use Ethereum’s computing network, creating a demand for the digital asset used to generate economic activity. Ethereum also utilizes smart contracts, which are self-executing/self-governing programs that run autonomously on the Ethereum Blockchain without the need for third-party intervention.

Purchasing ETH on H2cryptO:

  1. Sign up for an H2cryptO account. Provide full name/surname, email address, and a unique password (12 characters minimum).
  2. Verify your H2cryptO account. Please submit all documentation for KYC verification.
  3. Once KYC has been approved you are now eligible to deposit FIAT or Cryptocurrency. You can fund your cryptocurrency account by choosing a cryptocurrency, and then create a wallet address. Then you can send cryptocurrency to this address. Funding your account with FIAT currency can be completed by ACH, Wire Transfer, or Debit/Credit Card. 

  4. Once the ACH, wire transfer, or credit card transaction has been completed, you can buy ETH. You now will have the ability to trade cryptocurrencies with 24/7/365 live client service support.

Download the H2cryptO app from Android/iOS app stores.

H2cryptO’s client service department is available live 24/7/365 LIVE support to assist with any mobile related issues.
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