What is Ethereum and Why PointPay Built PXP Token on its Platform?
The second most famous currency in the crypto world is, for sure, Ethereum. Founded in 2015 by Vitalik Buterin, Ethereum managed to stay on track and keep the attention of crypto investors and enthusiasts.
What is Ethereum?
Ethereum is a blockchain-based platform with an open-source code that serves as a tool to develop decentralized apps and conduct transactions based on smart contracts. These contracts represent pieces of code that execute operations such as transfer of value precisely the way they are programmed, with no possibility of fraud, downtime or third-party interference.
How Ethereum Works?
Ethereum blockchain is similar to Bitcoin. It represents the public ledger that stores information about transactions between users. But what makes Ethereum different is that it also stores the most recent state of all smart contracts running on it.
What is ERC-20?
Ethereum blockchain can also be used for token creation. The technical standard is used for smart contracts on the Ethereum blockchain for implementing tokens.
PoinPay Token PXP is also built on Ethereum. The main reasons are the following:
1. Ethereum is the most secure public blockchain;
2. Ethereum’s core innovation which is Ethereum Virtual Machine (EVM) is a complete software which runs on Ethereum Network;
3. The EVM enables any program to run on it in a very efficient manner not seen previously in the industry;
4. Ethereum enables one to easily build several applications on a single platform.
You will also be able to buy Ethereum on our up-coming PointPay Crypto Exchange. We will ensure the best options for buying any cryptocurrency.
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