Ethereum FAQs

Posted on June 21st, 2018 by EM Search Consulting

By now, we’re likely all familiar with the cryptocurrency Bitcoin. But as other cryptocurrencies begin to gain traction, what do we need to know about them? Whether you’ve considered buying Ethereum in Miami or simply have not heard of this cryptocurrency, here are some frequently asked questions about Ethereum so you feel confident investing in it moving forward.

What Is It?

Ethereum is a decentralized blockchain platform that uses a cryptocurrency called Ether. It can be used for essentially any type of transaction or agreement. The word “decentralized” means that it utilizes peer-to-peer computer networks that cannot be disrupted by a central authority such as the government or a server administrator.

How Does Ethereum Differ from Bitcoin?

While Bitcoin is nothing more than a currency, Ethereum is a ledger technology that can be used to build new programs. The technology behind Ethereum is more robust, as it allows for the building of decentralized applications on top of it.

Where Can I Store Ethereum?

Once you decide to buy Ethereum in Miami, you’ll need to find a secure place to store it. Digital wallets are a great way to ensure your cryptocurrencies are safe. We even offer a RockItCoin digital wallet that syncs well while you are using our machines.

Do you have more questions about Ethereum and the proper ways to use it? Our professionals at RockItCoin are happy to help you with not only Ethereum, but cryptocurrencies like Bitcoin, Bitcoin Cash and Litecoin and well! Contact us today with your questions or concerns.