Over the past several months the etherium price has gone up a remarkable amount in value. What is this thing called an ether coin and what does it have to do with etherium? What does it have to do with smart contracts? And how does it compare to other digital currencies?
To answer these questions we need to take a closer look at this new upcoming “altcoin”. It is called ethereal because it acts like an extended version of Estonian ether or e-ether, which is a type of currency. Ether is one of three currencies that make up what is known as the “etherchain”, a group of digital currencies that will form the backbone for what is called ethereal. The ethereal price is basically defined as the trade price for the ethereal token when it is bought. But what are ether coins?
In order to explain what ethereal is let’s take a look at how it works. An “ethereal smart contract” is a program that runs on a network called “the cloud” that executes smart contract codes and receives payments from users who wish to execute smart contract functions. The most basic function of an ethereal smart contract is to allow the execution of certain transactions by paying specific fees, but in order to make these functions possible ethereal needs to have a steady flow of buyers and sellers, otherwise it will not be able to function.
An ethereal smart contract can either be self-created or it can be hosted by an outside company. An ethereal developer can create a self-created smart contract by uploading it into the ethereal network. Once uploaded, the developer then runs this program in the background and will only be executed when the network detects that it is performing within acceptable parameters. This is the primary reason why eulators are being offered at a discount – because by using eulators a developer is able to test the ethereal consensus mechanism without having to purchase any ethereal tokens.
On the other hand, a hosted ethereal execution environment uses a Proof-of-Stake protocol. By creating and running a staketor account with a fraction of the ether tokens your application needs you will be given a unique code that will serve as the starting point for all of your transactions. When you make an investment and someone sends you back the corresponding stake, you then electronically transfer the corresponding amount of securities from your account to the person who sent you the stake. The benefit here is that if the investor decides to not make an investment that evening you do not lose any money. What you do lose is your account balance, and all of the securities in your Proof-of-Stake account (which represents the value of all of the ether).
So if you’ve been looking to jump on the bandwagon and invest in ethereal now is the time! The ethereum price is low, the platform is secure and very user friendly, and you have several ways to test out the protocol before spending real money. By having a demo account you can learn about ethereal and its new optical explorer, as well as learning more about how to navigate the marketplace. By using these methods you should be able to gauge whether or not ethereal is the right platform for you! You can check at https://www.webull.com/newslist/ccc-ethusd for more information before investing.