ethereum

Trade Ethereum on Beaxy

Vitalik Buterin got the idea for Ethereum in 2013, after failed attempts to convince the Bitcoin core team to expand Bitcoin’s capabilities. Specifically, Vitalik sought to make a digital currency that was Turing complete.
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Ethereum profile

Features of Ethereum

Smart Contracts
Smart contracts are like any other contract with the difference being that the maintenance and execution of the contract are trustless and automated.
Smart contracts can operate independently of each other or you can arrange multiple smart contracts to be dependent on each other. In the latter case, an action that triggered a move by one smart contract could be set as the catalyst to execute another smart contract.
Decentralized Applications (dApps)
Decentralized applications are web applications built on the Ethereum blockchain that are backed by smart contracts. Developers can build decentralized applications on the Ethereum blockchain in order to create their own blockchain with a dedicated tokenized asset. Decentralized applications can also be leveraged to develop uncensorable web applications.
Frequently Asked Questions
Frequently Asked Questions
Frequently Asked Questions mobile

What is Ethereum?

The first Ethereum white paper was released later on in 2013. In it, Vitalik laid out his plans for a blockchain protocol that could execute smart contracts and contain an infrastructure that supports the creation and maintenance of decentralized applications (dApps). By 2014, the Ethereum Foundation, a non-profit organization that supports Ethereum’s research and development, had been created. The Ethereum Foundation still provides the majority of funding to research teams that build on the Ethereum platform. Ethereum 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.

Ethereum Technology

Ethereum’s decentralized application (dApp) technology was a major innovation for blockchains. The features of decentralized apps are:
Open Source - Decentralized applications (dApps) has its codebase publicly available so that anyone can find bugs or offer improvements.
Decentralized - All of the data stored on the blockchain is shared equally among all participants of that network.
Game theory - Those contributing value to the decentralized application (dApp) are rewarded. Further incentivized them to make positive contributions to the application.

How to mine Ethereum?

To get started, you will need to decide which type of hardware you want to run in your computer to mine Etherum. The best option is a Graphical Processing Units (GPU) and Central Processing Units (CPU). You will want the GPU to have the highest hash rate possible. You can even connect multiple GPUs together to yield even more hash rate power.
After you have purchased and installed your hardware, the next step is choosing the best software to use to mine Ethereum. First, you need to set up a node and connect it the Ethereum protocol. This will require you to have enough storage space to download the entire Ethereum blockchain. To connect your node to the network you can use software such as MinerGate or Ethermine.
Once you have connected your node to the network you are all set to begin validating and mining on the Ethereum blockchain.

What is the benefits of using Ethereum smart contracts?

There are three essential pieces to a smart contract. First, the people or parties involved in the contract program their terms of the agreement into the contract. Second, there must be a clearly defined subject of the agreement that acts as the basis of the interaction for the parties on each side of the contract. Finally, the smart contract must have specific terms that can be programmed in mathematical terms.
The benefits of using smart contracts are:
Autonomy — Smart contracts put you in control of the contract. There are no trusted third parties involved who can make decisions on your behalf.
Affordable — Normal contacts can be very expensive with payments for notaries, estate agents, and attorneys. All of these costs can be avoided by using smart contracts.
Efficiency — When using smart contracts you make the execution of the contract faster and easier as you are removing all intermediaries that generally require more attention and thought.

Risks of Ethereum Trading

Investment Risk Ethereum is one of the most traded digital assets and has very volatile price swings. The price of ETH regularly moves a lot in very short periods of time. This means that ETH is a very volatile asset. Increasing volatility is generally seen as an increase in the overall risk. Digital assets don’t have the liquidity of the stock market, whenever there is a large buy or sell order the price will reliably make a significant move. Security Risk Ethereum’s security risks are more complicated than other assets such as stocks or real estate. It is important to reduce your attack surface as much as possible. You can do so by holding your Ethereum in a wallet that is not connected to the internet such as MyEtherWallet. This requires a hacker to get your private key before they could gain access to your wallet. When using a wallet that is connected to the internet, a hacker may only need your password to a website in order to steal your Ethereum. When using an offline wallet with a properly recorded and stored private key, you have significantly reduced your attack surface. Regulatory Risk Ethereum has a regulatory risk because there is a debate over if it is a security or now. Governments know that Ethereum can be used to launder money and they have a general lack of incentives to help Ethereum and other digital assets as they see them as a competitor to their national FIAT currency. Because of this, there is a possibility that governments could apply unusually harsh regulations for using or owning Ethereum. They could even ban the digital currency outright and make its use or possession against the law. This is a major risk as any such action taken by a powerful nation could negatively affect the value of the Ethereum blockchain.
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ETH on Beaxy

Trade other cryptocurrencies on Beaxy

USDC is a stablecoin and its value is anchored to that of the United States Dollar.

ETH is the native currency of the Ethereum Blockchain, a programmable protocol that supports applications like smart contracts.

BXY is an exchange token that works as loyalty rewards and functional fuel for the Beaxy exchange ecosystem. Greater rewards, discounts, and potential of the platform can be unlocked with BXY.

NEO is an asset run on a distributed smart contract platform. You can exchange NEO and BTC when you place an order on Beaxy.

XRP is a cryptocurrency known for speed and use in global banking. If you’re interested in XRP you can navigate to the coin page to learn more, or the trading page directly to trade.

Litecoin and Bitcoin can be directly swapped for each other on Beaxy. Using the LTC/BTC trading pair allows you to move directly between two of the earliest cryptocurrencies.

Ethereum Classic is a decentralized network that is tailored to application development. If you’d like to trade ETC for BTC, you can do so directly on the exchange page.

Monero was built for anonymity and is the most popular privacy-focused cryptocurrency. You can move in and out of BTC when you place an order with XMR on Beaxy.

EOS is the base asset of EOS.io, a smart contract platform that is governed by 21 block producers. Swap your EOS and BTC with ease on Beaxy.

You can easily move in and out of Bitcoin Cash on Beaxy. Swap Bitcoin Cash for Bitcoin directly by placing an order on the exchange.

BEAM is a privacy-focused cryptocurrency that protects your identity. You can conveniently swap Beam and Bitcoin on Beaxy.

DASH is a decentralized payment solution that features instantly settled payments. You can trade DASH and BTC directly on Beaxy.

Basic Attention Token is the native asset of the Brave browser. You can earn BAT by consuming content on the Brave browser. Exchange BAT and BTC efficiently on Beaxy.

AION is a native asset that performs critical functions for The Open Application Network. You can swap AION and BTC directly on Beaxy.

MTL is the base asset for the Metal Pay ecosystem. MTL is used for quick and easy peer-to-peer transactions. Trade for MTL and BTC directly on the Beaxy Exchange platform.

ICX is the native asset of ICON, a decentralized blockchain network that focuses on interoperability. Seamlessly trade ICX and BTC on Beaxy.

VideoCoin (VID) is a cryptocurrency that runs on the Ethereum blockchain. The asset is rewarded to producers and consumers of web-based video content. You can swap VID and BTC directly on Beaxy.

WAVES is a cryptocurrency that is designed to cater to developers. You can conveniently trade WAVES and BTC on Beaxy.

ZRX is the native asset for 0x, an open-source smart contract development platform. ZRX holders can use the token to vote on updates to the network. Seamlessly swap ZRX and BTC on Beaxy.

TOMO is the base asset for the TomoChain platform which uses Proof of Stake Voting to reach consensus. Easily trade TOMO for BTC by placing an order on Beaxy.

GO is the native asset on the GoChain network. GoChain uses Proof of Reputation as a consensus mechanism. You can easily swap GO for BTC on Beaxy.

Chainlink (LINk) is a decentralized oracle network that connects smart contracts on its platform to verifiable data hosted by nodes on the network.

Dragonchain is a commercial-grade hybrid blockchain that enables developers to rapidly build private blockchains and decentralized blockchain applications.

NRG is a proof of stake platform that is enables the development and management of smart contracts. Exchange NRG with BTC on Beaxy.

POLY is the native asset of Polymath, a security token genreation and management plafotm that allows enterprises to seamlessly create legal and complaiant security tokens. You can trade POLY with BTC on Beaxy.

FTM is a smart contract platform that is modeled after Directed Acyclic Graph (DAG). Exchange FTM tokens for BTC on Beaxy.

ZEC is a privacy focused digital asset that giver users the ability to choose between sending public or private transactions. Trade ZEC with BTC on Beaxy.

Stakenet is an open-source platform that is Lightning Network-readywith its native cryptocurrency – XSN. You can trade XSN and BTC on Beaxy.

USDT is a stablecoin that is pegged to the value of the United States Dollar. You can trade USDT and other stablecoins on Beaxy.

Aleph.im decentralizes the infrastructure required to scale dapps which still rely on some centralized components. Buy, sell, or trade ALEPH on Beaxy today.

Hive is a social blockchain based on Graphene that laucnhed in March 2020. You can trade HIVE and BTC on Beaxy.

Gunthy is the token issued by Gunthy LTD, which is to be used for the licensing of existing and future Gunthy LTD products. You can trade GUNTHY for BTC on Beaxy.

USDC is a stablecoin and its value is anchored to that of the United States Dollar.

ETH is the native currency of the Ethereum Blockchain, a programmable protocol that supports applications like smart contracts.

BXY is an exchange token that works as loyalty rewards and functional fuel for the Beaxy exchange ecosystem. Greater rewards, discounts, and potential of the platform can be unlocked with BXY.

NEO is an asset run on a distributed smart contract platform. You can exchange NEO and BTC when you place an order on Beaxy.

XRP is a cryptocurrency known for speed and use in global banking. If you’re interested in XRP you can navigate to the coin page to learn more, or the trading page directly to trade.

Litecoin and Bitcoin can be directly swapped for each other on Beaxy. Using the LTC/BTC trading pair allows you to move directly between two of the earliest cryptocurrencies.

Ethereum Classic is a decentralized network that is tailored to application development. If you’d like to trade ETC for BTC, you can do so directly on the exchange page.

Monero was built for anonymity and is the most popular privacy-focused cryptocurrency. You can move in and out of BTC when you place an order with XMR on Beaxy.

EOS is the base asset of EOS.io, a smart contract platform that is governed by 21 block producers. Swap your EOS and BTC with ease on Beaxy.

You can easily move in and out of Bitcoin Cash on Beaxy. Swap Bitcoin Cash for Bitcoin directly by placing an order on the exchange.

BEAM is a privacy-focused cryptocurrency that protects your identity. You can conveniently swap Beam and Bitcoin on Beaxy.

DASH is a decentralized payment solution that features instantly settled payments. You can trade DASH and BTC directly on Beaxy.

Basic Attention Token is the native asset of the Brave browser. You can earn BAT by consuming content on the Brave browser. Exchange BAT and BTC efficiently on Beaxy.

AION is a native asset that performs critical functions for The Open Application Network. You can swap AION and BTC directly on Beaxy.

MTL is the base asset for the Metal Pay ecosystem. MTL is used for quick and easy peer-to-peer transactions. Trade for MTL and BTC directly on the Beaxy Exchange platform.

ICX is the native asset of ICON, a decentralized blockchain network that focuses on interoperability. Seamlessly trade ICX and BTC on Beaxy.

VideoCoin (VID) is a cryptocurrency that runs on the Ethereum blockchain. The asset is rewarded to producers and consumers of web-based video content. You can swap VID and BTC directly on Beaxy.

WAVES is a cryptocurrency that is designed to cater to developers. You can conveniently trade WAVES and BTC on Beaxy.

ZRX is the native asset for 0x, an open-source smart contract development platform. ZRX holders can use the token to vote on updates to the network. Seamlessly swap ZRX and BTC on Beaxy.

TOMO is the base asset for the TomoChain platform which uses Proof of Stake Voting to reach consensus. Easily trade TOMO for BTC by placing an order on Beaxy.

GO is the native asset on the GoChain network. GoChain uses Proof of Reputation as a consensus mechanism. You can easily swap GO for BTC on Beaxy.

Chainlink (LINk) is a decentralized oracle network that connects smart contracts on its platform to verifiable data hosted by nodes on the network.

Dragonchain is a commercial-grade hybrid blockchain that enables developers to rapidly build private blockchains and decentralized blockchain applications.

NRG is a proof of stake platform that is enables the development and management of smart contracts. Exchange NRG with BTC on Beaxy.

POLY is the native asset of Polymath, a security token genreation and management plafotm that allows enterprises to seamlessly create legal and complaiant security tokens. You can trade POLY with BTC on Beaxy.

FTM is a smart contract platform that is modeled after Directed Acyclic Graph (DAG). Exchange FTM tokens for BTC on Beaxy.

ZEC is a privacy focused digital asset that giver users the ability to choose between sending public or private transactions. Trade ZEC with BTC on Beaxy.

Stakenet is an open-source platform that is Lightning Network-readywith its native cryptocurrency – XSN. You can trade XSN and BTC on Beaxy.

USDT is a stablecoin that is pegged to the value of the United States Dollar. You can trade USDT and other stablecoins on Beaxy.

Aleph.im decentralizes the infrastructure required to scale dapps which still rely on some centralized components. Buy, sell, or trade ALEPH on Beaxy today.

Hive is a social blockchain based on Graphene that laucnhed in March 2020. You can trade HIVE and BTC on Beaxy.

Gunthy is the token issued by Gunthy LTD, which is to be used for the licensing of existing and future Gunthy LTD products. You can trade GUNTHY for BTC on Beaxy.

Trade Ethereum on Beaxy
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