#CryptoAMA

🔥 Frequently Asked questions :

Here are some frequently asked questions about the crypto market:

- What is Blockchain Technology?

Blockchain technology is a decentralized, cryptographically-secure database structure that allows network participants to establish a trusted and immutable record of transactional data without the need for intermediaries [1).

- What is Ethereum?

Ethereum is a decentralized, open-source, and distributed computing platform that enables the creation of smart contracts and decentralized applications .

- What are Smart Contracts?

Smart contracts are computer protocols that facilitate, verify, or enforce the negotiation and performance of some sort of agreement .

- What is Bitcoin vs. Ethereum?

Bitcoin and Ethereum share many cryptographic functions common to blockchain technology, but Ethereum was developed to address opportunities beyond the scope of the Bitcoin blockchain, particularly with smart contracts.

- How Does Ethereum Work?

Ethereum utilizes nodes operated voluntarily to verify transactions in the network, with the Ethereum Virtual Machine (EVM) executing smart contracts through a bytecode language .

- What is Ether (ETH)?

Ether is Ethereum's native token and the fuel that powers the Ethereum blockchain, with each operation requiring a certain amount of computing energy to perform ¹.

- How to Earn Ether (ETH)?

You can earn ETH through mining, trading on exchanges, or completing tasks on freelance marketplaces like Bounties Network.

- What is Blockchain Used For?

Blockchain technology has various applications beyond digital currency, including supply chain management, digital identity verification, and decentralized finance (DeFi).

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