What is this digital currency that is changing the world of cryptocurrencies? – BBC News Africa

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  • BBC News World

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The value of Ether has increased by 4,250% since January.

Maybe it happened to you that when someone tells you about how cryptocurrencies work, their language suddenly turns into something completely incomprehensible.

As soon as you use concepts like “blockchain” or “mining”, things get complicated. And when the topic of the moment is the Ethereum “meltdown”, considered the biggest cryptocurrency revolution in recent years, the challenge of understanding what is happening becomes more complex.

However, it is not as complicated as it seems

On Thursday, a high-risk trade was made. If it had failed, many people could have lost their money in seconds. But it worked successfully, Ethereum co-founder Vitalik Buterin said in a post on Twitter.

What is it about ? Ethereum, one of the largest digital trading platforms, has changed the way it operates, reducing its high power consumption by 99.9%, according to those running the system.

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What is this digital currency that is changing the world of cryptocurrencies? – BBC News Africa


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