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What is Ethereum (ETH)?

Ethereum (ETH) is the second most popular cryptocurrency after Bitcoin. Founded by Vitalik Buterin and Gavin Wood in 2015, today Ethereum’s market capitalization represents more than 17% of the $1.2 trillion global crypto market. There are some distinct differences between Ethereum and the original crypto.

Does Ethereum have a cryptocurrency?

Ethereum has its own cryptocurrency, Ether, which is used to pay for certain activities on the Ethereum network. Still confused? Let's explain everything step-by-step. What is a cryptocurrency? Crypto (short for cryptocurrency) is a new form of digital money powered by cryptography. It all started in 2008 with Bitcoin.

Can you buy fractions of Ethereum?

ETH is divisible up to 18 decimal places so you don't have to buy 1 whole ETH. You can buy fractions at a time – as little as 0.000000000000000001 ETH if you want. Want to buy some Ethereum? It's common to mix up Ethereum and ETH. Ethereum is the blockchain and ETH is the primary asset of Ethereum. ETH is what you're probably looking to buy.

What are the applications run on Ethereum?

The applications run on Ethereum are run on a platform-specific cryptographic token, ether. During 2014, Ethereum had launched a pre-sale for ether which had received an overwhelming response.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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