Ether (Ethereum) is a digital currency, like bitcoin, built on the basis of a blockchain, on which data on monetary transactions is recorded.
Ether is often viewed as a competitor to Bitcoin, but this is not entirely clear. Ethereum technology has a unique opportunity. It allows you to register any transactions with any assets based on a distributed database of blockchain-type contracts, without resorting to traditional legal procedures. This is the so-called smart contract technology.
Like most cryptocurrencies, the Ethereum rate demonstrates high volatility, which makes the coin attractive for active traders.
The growth in popularity of cryptocurrency has been greatly facilitated by the proliferation of “smart contracts”, which, according to some investors, will become widespread in the future as an automatic intermediary in purchase and sale transactions, as well as other transactional operations within the blockchain system.
In addition, this instrument has high volatility, which will be interesting for active traders.