What is Ethereum? Many people are asking this question, but not many people have the answers – or at least, not answers that are comprehensible to the average reader. We’re going to simplify things and explain, step by step, what Ethereum is and how it works. If you’re new to the cryptocurrency world, don’t worry, we’re just going to cover the basics.

The first thing to establish about Ethereum is that it is a form of online currency – cryptocurrency. Users are transferring it from one place to another, and every transfer, transaction, and storage place is tracked by …
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