Ether is a transactional token that facilitates transactions on the Ethereum network.
Although ether can be considered as a cryptocurrency of the Ethereum network, figuratively speaking, it is more correct to call it the “fuel” of the network.
Ethereum technology uses blockchain development to replace the storage of consumer data, including financial records, by third-party internet companies.
Ether is the world’s second virtual currency by market capitalization in 2021; in terms of market value, it is second only to bitcoin (BTC).
Ethereum developers started working on migrating the network from Proof of Work (PoW) to Proof of Stake (PoS) in 2017; the new underlying network is known as Ethereum 2.0 and it is not fully released yet.
Verge (XVG) is an open-source decentralized cryptocurrency that claims to offer completely anonymous transactions by hiding the location and IP address of the participants in the transaction.
An application-specific integrated circuit (ASIC) miner is a computerized device or hardware that uses an ASIC solely to mine bitcoin or another cryptocurrency.
Blockchain is a type of shared database that differs from a regular database in how it stores information; Blockchains store data in blocks, which are then linked to each other using cryptography.