NairaEx Best Bitcoin Exchange in Nigeria
Lately there has been a lot of talk about the hottest altcoin in the community – Ethereum. Ethereum is a cryptocurrency and a blockchain platform with smart contract functionality. It’s basically a decentralized platform for developers to build apps on top of and it was invented by Vitalik Buterin in 2013. Ethereum can be used to codify, decentralized, secure and trade just about anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kind, intellectual property. Because Ether is less “mature” than Bitcoin at the moment, it’s less suitable for non technical people. For example, you can download Ether’s official wallet app from github, but there’s no “user friendly” version of it yet. There’s also My Ether Wallet and Ethereum Wallet available with a simple interface. Ethereum Classic is a cryptocurrency that was created due to a disagreement with the way original Ethereum conducted business. The catalyst for the split was due to a hacker finding a way to steal m worth of Ethereum coins. The supporters of ETH said that the code should be altered and the stolen coins should be refunded, while the supporters of ETC said that “code is law” and whatever happened happened. So in real life what happened is that ETC was the same original Ehtereum code and ETH forked their code to create a new Ethereum. Therefor 2 identical competing currencies were created that had 2 different exchange rates.
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On August 17 the popular bitcoin wallet platform, Blockchain, has announced it will be adding support for another digital currency. the platform would be adding ethereum functionality to its popular consumer wallet. Now the firm is adding ethereum to its popular consumer wallet, and users will be able to exchange between both bitcoin and ether through a partnership with Shapeshift. With the addition of ether, the company wants customers to explore a different digital asset while remaining comfortable with the Blockchain wallet security. “As popularity of Ethereum has grown, so has the desire from our customers to have the option to manage multiple digital assets within their Blockchain wallets,” explains Peter Smith, CEO of Blockchain. The company Blockchain believes multiple accounts can be “a challenge for consumers,” but says its platform’s dashboard management is easy. Blockchain wallets have always been non-custodial which gives customers the ability to hold their own private keys. The firm says with the latest ethereum integration, the platform offers a “consistent product experience with a centralized dashboard with flexible tools for all users.” Further, Blockchain wallet users will be able to toggle between bitcoin and ether in a simple manner inside the wallet, says the London-based company. The ability to swap cryptocurrencies will be provided by the Shapeshift API “so trading bitcoin to ether and vice versa can happen all from one place.”At News. all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions.
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