We human should always evolve with the time, we should always get accustomed with the surrounding and new technology else we will be left behind.
The new technology that currently is in great demand is digital currency or cryptocurrency.
Everybody has heard about bitcoin , today lets talk about Ethereum.
What is Ethereum?
Ethereum is a platform that runs on a distributed computing system and do not rely on any central servers allowing users to have proper functioning even in case of single point failure or having a handicap of limited I/O bandwidth or processing power of the server.
It is the second largest public block chain network and it has undergone remarkable development in its growing history and continues to grow steadily.
Why Ethereum?
What made people interested in Ethereum platform is due to the acceleration of decentralized finance system, which in-case allows people all over the world to do transaction similar to banks. Meaning you can send, receive, borrow, earn interest and even transfer funds anywhere in the world. And also the system is running 24/7.
Transactions are much faster on the Ethereum network than on Bitcoin’s.
Ethereum follows Turing completeness, strictly following the process of equivalence.
suppose : two computers P and Q are called equivalent if P can simulate Q and Q can simulate P.
What is ERC20?
ERC - 20 token is like any other cypto assets such as bitcoin, litecoin. What makes ERC- 20 different compared to other crypto assets is that these tokens don’t have any block chain of their own but resides on top of the Ethereum block-chain, hence the abbreviation ERC - "Ethereum request for the comment" and 20 denotes a unique Identification number which separates it from other tokens.
Snapbot is one of AI powered community, which helps user to stake their cryptocurrency. They support various cryptocurrency one of the currency is Ethereum. They also provide various financial bots which guides the user and provides them information about the movement of the market and helps them to take the correct decision.
For more information about snapbots,
please visit:
SnapBots- https://snapbots.io
Join the community- t.me/SnapB
