Coinbase announces support for Ethereum

After users of one of the most popular Bitcoin exchangers Coinbase found in the interface of sending to the new cryptocurrency ether, the exchanger first removed them, and then on Thursday confirmed the rumors . Coinbase is really going to introduce support for a new cryptocurrency on May 24th. At the same time, she will take another name for herself: GDAX (Global Digital Asset Exchange).

Recently, interest in the blockchain technology has increased in the banking environment, and Barclays, UBS and IBM have shown interest in ether cryptocurrency running on the Ethereum platform. The principles of operation laid down in the platform simplify the implementation of the block chain technology.
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Ethereum (Ethereum) - a platform for creating any decentralized online services based on the blockchain, working on the basis of smart contracts. Implemented as a single decentralized virtual machine. It was proposed by the founder of Bitcoin Magazine Vitalik Buterin at the end of 2013 and launched on July 30, 2015.

Unlike many cryptocurrencies, ETH platform tokens, called ether, are positioned by the authors not as an alternative to world currencies, but as a means to account for the exchange of any resources. Ethereum technology makes it possible to register any transactions with any assets on the basis of a distributed base of blockchain-type contracts, without resorting to traditional legal procedures. Thus, the ethers and bitcoins are not direct competitors to each other.

“We are very interested in Ethereum. “There has been tremendous progress in this area over the past few months,” said Coinbase Vice President for Business Development, Adam White. - We are seeing the emergence of hundreds of decentralized applications on the Ethereum platform.

Coinbase employees often collaborated with Ethereum developers during their market research, but began to look more closely at the platform after Ethereum became a Microsoft Azure partner.

According to information from the site coinmarketcap.com, the airs are currently selling at about $ 14, and the capitalization of the entire system is more than $ 1.1 billion, and is in second place after the bitcoins ($ 6.8 billion). At the beginning of the year, the broadcast cost only $ 1, and now it is the fastest growing of all currencies.