From the course: Practical Blockchain and Cryptocurrency

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The ETH cryptocurrency

The ETH cryptocurrency - Blockchain Tutorial

From the course: Practical Blockchain and Cryptocurrency

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The ETH cryptocurrency

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- All right, I want to talk about the Ethereum cryptocurrency. First of all, let's talk about some of the disadvantages of the actual cryptocurrency. First of all, the Ethereum is a digital currency for financial transactions. It's also used like Bitcoins for investments as well, because it stores value. Now, Bitcoins validate every 10 minutes, while Ethereum actually validates blocks every 12 seconds. So, from that standpoint, it's actually considered a little more efficient for a currency trading than Bitcoin is. But at the same time, it wasn't really meant for cryptocurrency. It wasn't really meant to store value. It just happens to, you know, be that way. Now one of the problems with that is since Ethereum as a cryptocurrency is getting much more popular by default, or kind of like as a side effect, some of the applications that Ethereum, the blockchain, was originally created for the propagation and to popularize decentralized applications or the dApps or decentralized finance…

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