Ethereum Starter Kit
Starting off, what exactly is Ethereum?
According to standard definition: Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
To use the Ethereum platform you need fuel just like how a car needs gas. The gas in this case is called Ether. You need a small amount of this for each token purchase.
Step 1: Creating your wallet
MyEtherWallet is an excellent way to store, and access your Ethereum tokens. Here you must enter a password that is then encrypted into a private key (which will then be used as your password to log in).
Step 2: Funding your wallet
Coinbase is by far the easiest method of purchasing Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Here you can make an account, verify your identity using a selfie of yourself and a piece of paper with the date written on it, and begin buying cryptocurrency.
Step 3: Trading or converting your Ethereum.
Binance is my go to exchange for trading any type of cryptocurrency (because it simply has the most). With this link you can create an account, verify your identity, fund your account, and begin trading ETH/BTC or ETH/USD.
This part is a little tricky for most people, you must first click the deposit button under the "Funds tab" and send Ethereum (or any coin).
After clicking the deposit button you will be prompted with this message:
According to standard definition: Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
To use the Ethereum platform you need fuel just like how a car needs gas. The gas in this case is called Ether. You need a small amount of this for each token purchase.
Step 1: Creating your wallet
MyEtherWallet is an excellent way to store, and access your Ethereum tokens. Here you must enter a password that is then encrypted into a private key (which will then be used as your password to log in).
Step 2: Funding your wallet
Coinbase is by far the easiest method of purchasing Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Here you can make an account, verify your identity using a selfie of yourself and a piece of paper with the date written on it, and begin buying cryptocurrency.
Step 3: Trading or converting your Ethereum.
Binance is my go to exchange for trading any type of cryptocurrency (because it simply has the most). With this link you can create an account, verify your identity, fund your account, and begin trading ETH/BTC or ETH/USD.
This part is a little tricky for most people, you must first click the deposit button under the "Funds tab" and send Ethereum (or any coin).
After clicking the deposit button you will be prompted with this message:
Copy this ETH Deposit Address and use it to send however much you're willing to trade, after about 10 minutes you will see it in your account.
Once funded you can head on over to the Exchange tab and begin trading ETH for ERC20 Tokens.
Once funded you can head on over to the Exchange tab and begin trading ETH for ERC20 Tokens.
My Top Cryptocurrencies:
XRP Ripple
What is Ripple?
Today the world sends more than $155 trillion across borders. Yet, the underlying infrastructure is dated and flawed. Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one friction-less experience to send money globally.
dgb digibyte
What is DigiByte?
DigiByte is a public blockchain that utilizes five algorithms to promote global growth, expanded accessibility, and maximize decentralization. The Digibyte network is incentivized through the mining of the cryptocurrency Digibyte (DGB). These digital assets cannot be destroyed, counterfeited, or hacked, making them ideal for protecting other objects of value like currency, data, physical property, and other digital assets.
DigiBytes can be sent over the DigiByte Blockchain and recorded on an immutable public ledger that is decentralized on thousands of computers across the planet.
DigiBytes can be sent over the DigiByte Blockchain and recorded on an immutable public ledger that is decentralized on thousands of computers across the planet.
burst
What is BURST?
Burst is a Blockchain-based cryptocurrency depends on its users securizing the network by following a complicated algorithm actively validating each transaction. This activity is called “mining” and because of that the entire Bitcoin network now consumes more energy than a number of countries. With Burst and its Proof-of-Capacity (PoC) algorithm using free disk space instead of energy consuming CPUs and GPUs, mining barely uses more energy than just leaving your computer on.