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What is ETHEREUM and How to Buy Ethereum ETH with Credit Debit Card

Updated: Sep 20




Imagine a decentralized world. A world where people directly, without the need to trust corrupt intermediaries, deal with decentralized programs, sign contracts, and use a variety of financial and non-financial services; Systems controlled by the people never stop and no one can interfere with their work. Ethereum has stepped in to achieve this goal. In this article, we will first explain the simple Ethereum and its various aspects so that you can better understand this complex network. At the end of this article, you will learn how to buy that!


At its simplest, Ethereum is a free infrastructure based on Blockchain technology on which decentralized computer applications can run. Ethereum decentralization means that the system alone does not belong to anyone and is not controlled by one or more specific individuals. Everyone can own this network and everyone can play a role in controlling it. Thanks to Ethereum’s distributed and decentralized structure, once an application is implemented on the Ethereum network, it can no longer be stopped or manipulated, even if its creator so wishes.


Ethereum’s official website describes the project as follows: "Ethereum is a decentralized platform for executing smart contracts. "There is no possibility of disruption, censorship, fraud or interference by third parties for programs running on the network."


What is the purpose of Ethereum?


In 2008, an anonymous person named Satoshi Nakamoto introduced Bitcoin. It can be said that Bitcoin is the first decentralized, digital, and distributed monetary system. With the help of a concept called "blockchain", the Bitcoin network distributes information about money transactions on computers around the world instead of banking and central servers, and in this way, it can transfer value (money) anywhere, regardless of companies, governments, and intermediaries. Transmit from the world.


Etheruem goes one step further and allows decentralized execution of computer code (smart contract) so that we can decentralize other processes in addition to money.


The main idea of ​​the project was a young Russian-Canadian named Vitalik Buterin, who was a supporter of Bitcoin and, inspired by Bitcoin, came up with the idea of ​​"decentralizing everything".


Ether: Ethereum Digital Currency


The digital currency of the Ethereum network is called Ether, and its acronym is ETH. This asset is considered as the monetary unit of the network as well as a way to pay expenses and commissions. Therefore, as the acceptance of the Ethereum network increases, so does the value of ether in theory.



Ethereum: A blockchain-based network
Ether: The digital currency of the Ethereum network.




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