What is Ethereum?
Ethereum, also known as Ether, is a decentralized digital cryptocurrency and is sold and bought as the second popular amongst its types after Bitcoin. The currency is relatively reliable since the profit gained is comparatively bigger than any of its losses in history. Ethereum is also the most frequently used blockchain.
Ethereum versus Bitcoin:
The key differences between Ethereum include the algorithms and block time. Ethereum uses ethash while Bitcoin operates on SHA-256. Other than that, Ether ensures 100% anonymity while Bitcoin fails to comply. While the currency still lags behind in transactions speed compared to its competitor.
Ehereum highest value and fall in PKR:
Holders of Ethereum earned a hefty amount on May 4, 2021, when the crypto rose to its all-time high of $3400 (PKR 538560). The currency received a massive blow to its value from Jan 2018 to Mar 2018 when the cost of 1 eth dropped from $1066 to $411 in just three months.