Читать книгу Cryptocurrency All-in-One For Dummies онлайн

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The wild growth in the value of Ether has made it a popular token to speculate on. It’s widely traded on exchanges around the world. Some new hedge funds are looking at it as an investment vehicle. However, the volatile nature and low market depth make Ether a risky investment. Find out more about Ether, including how to buy, spend, and trade it, in Book 4, ssss1.

Getting Up and Running on Ethereum

This section walks you through how to get started in the Ethereum blockchain ecosystem. Before you can build anything on Ethereum, you need a wallet containing some Ethereum (ETH). Book 2, ssss1 explains the process of downloading and installing MetaMask for the Brave browser, which you can use for the instructions found in the remainder of this chapter.

Mining for Ether

Ethereum is kept running by a network of computers all over the world that are processing the contracts and securing the network. These computers are sometimes referred to as nodes, and they’re mining crypto Ether.

In order to reward individuals for the time and cost involved in mining, there is a prize of five Ethers about every 12 seconds. The prize is given to the node that was able to create the latest block in the Ethereum blockchain.

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