Buying your Ethereum on Beaxy
Started in 2015, Ethereum is the second-largest cryptocurrency and is a distributed public blockchain network. It is programmable meaning developers can build and deploy decentralized applications on the Ethereum network. The Ethereum network has a native token, ETH, which serves as a means of payment for transactions.
Known as the “decentralized platform for money”, decentralized financial applications, or DeFi, have been built on the Ethereum network enabling a user to borrow, lend or invest their digital assets. Additionally, Ethereum can be used to build Decentralized Autonomous Organisations, or DAO’s. The Ethereum network is also used as a platform to launch digital tokens. The project is seeking to expand its scalability by implementing a proof-of-stake consensus algorithm.