Ethereum is a cryptocurrency platform created for developing blockchain-based decentralized applications or, more abbreviated, Dapps. It's also known as the second-largest cryptocurrency project after Bitcoin. Also, Ethereum has its native coin called Ether (ETH). Currently, Ethereum is famous for its smart contracts, decentralized applications, tokens, and EVM (Ethereum Virtual Machine).
What is Ethereum Wallet?
If you decide to convert your savings into cryptocurrency (to be exchanged for electronic money) or to start earning cryptocurrency, you need to choose a reliable wallet for it. Ethereum wallet is an application that allows you to manage your Ethereum Private key, send or receive ETH. Such application can be desktop, mobile, hardware, or website. The most secure ones are hardware wallets though they will cost you $100 and not so convenient for everyday use (you have to take this hardware wallet with you to make a transaction).
Ethereum Wallet security
To be sure that your cryptocurrency remains under reliable protection, trust only verified wallets. Do not forget that it is essential to make copies of your private keys, seed phrase, and passwords. After all, in case you lose them or the system gets a virus, there is the only way to recover access to your funds. After analyzing all the available options, choose the best wallet that suits you not only in functionality but also is a place where it is safe to store currency.
Atomic Wallet allows you to reach high-level security, anonymity, and excellent user experience in one interface. Atomic is encrypted, and your funds are safe as you keep your seed in a secure place. To choose the best wallet Ethereum is possible, based on the feedback and recommendations of experts. You can try several of their types and as a result, decide on the best of them.
Ethereum transaction fees
For each computation performed in the Ethereum network as a result of the transaction, there is a commission to provide compensation for the maintenance of the network (the blockchain's mining and data storage). This Commission is paid in units of value called GAS.
There is no fixed conversion price. The sender of the transaction can specify any amount of gas he likes. On the other hand, the miner should check any transactions (usually the ones with the highest price in gas units are checked first). The average price of Ethereum gas is typically around 20 Gwei (or 0.00000002 ETH) but can increase during high network traffic, as the next block has more competitors to be included in the next block.
To operate on Ethereum, the transaction sender must specify a gas limit before sending it to the network. The gas limit is the maximum amount of gas that the sender wishes to pay for this transaction.
Atomic Wallet is a new solution for secure storage and management of BTC, ETH, XLM, XRP, LTC, and more than 300 other coins and tokens. Atomic Wallet also allows users to buy cryptocurrencies in dollars and euros and exchange their assets at the best rates through ChangeNOW, Changelly, or ShapeShift.
User-friendly interface, optimal privacy, and security, decentralized, multi-currency, no Deposit, built-in exchange, accepted Bank cards, instant support 24/7.
How to Install the Atomic Wallet?
Choose the operating system and click the download button. Run the application. If needed, check the hash sum. Create a password that will satisfy you. Remember to save your seed phrase in a secure place! It is the only way to recover your funds! Summing up about the Atomic wallet, it is a convenient app to manage your crypto. We do our best to support a large number of blockchains, added built-in exchange, buy crypto and other features.
If you’re reading this page, then you’re likely to be curious about cryptocurrencies. In that case, learning about Ethereum is a good start!
Ethereum is an open software platform that runs smart contracts and has been launched on July 30, 2015, by Vitalik Buterin, a Russian-Canadian programmer. To be simple is a distributed public blockchain network similar to Bitcoin.
There are two serious technical differences between the Bitcoin and Ethereum systems, however. While the Bitcoin blockchain is utilized for tracking the ownership of a digital currency, the Ethereum blockchain is made to run smart contracts, When mining, Ethereum provides its miners with Ethers (ETH), crypto-fuel that sustains the network. Ether is utilized for paying for services and transaction fees and other operations within the Ethereum ecosystem.
Why Ethereum is so unique?
Ethereum is the platform that may transform the Internet as a whole by providing server-free solutions.
Ethereum brought many of innovations that pushing forward the crypto industry as a whole. The technology of smart contracts opened up new prospects for programming and user experience. Firms that can implement transactions as smart contracts have been contracted as consultancies by organizations that want to decentralize their network transactions.
Ethereum is one of the most popular cryptocurrencies on the market right now.
What is a Smart Contract?
A Smart Contract is an essential part of the Ethereum ecosystem that was first mentioned in 1994 by a cryptographer Nick Szabo. These are a piece of code that automates the process of exchanging/buying money, shares and other valuable items without middlemen. All the process of smart contract execution implies fair and transparent deal between a sender and recipient.
When running on the blockchain, a smart contract becomes a kind of self-operating computer program that automatically executes when specific conditions are met. Smart contracts run on the blockchain, that is why they run exactly as programmed. You can use smart contracts for the transactions that you make every day; it could be the emails you send to your colleagues, the money that you donate, or the rent you pay for your home. Ethereum also works with Solidity – a new language for smart contracts. The digital token can be used as a currency, a virtual share, a proof of membership or whatever you want. The contract will automatically connect with any wallet because tokens use a standard coin API.
What is ERC20?
ERC20 is a set of standards for Ethereum tokens, crypto that utilizes the Ethereum network for operations. ERC20 stands for Ethereum Request for Comment, where 20 is the number assigned to the request. This standard determines the majority of tokens and implies a common list of encoded rules. Atomic Wallet provides its interface for all types of ERC20 tokens. Anyone can add any ERC20 token a wallet.
What is GAS?
Each transaction uses a certain amount of processing power utilized by nodes that sustain the network as a whole. In order to keep the nodes active, there are transaction fees taken for every transaction broadcasted to the Ethereum blockchain. These fees called Gas , a unit measuring the processing required. The higher the gas requirement, the more Ether tokens the user will need to spend.
What are DApps?
DApps (Decentralized Applications) are based on the Ethereum network and work in a decentralized way without depending on centralized servers. All the data of such applications are distributed among the nodes.
The Ethereum platform allows developers any operations they want, unlike the other platforms, where they get a set of limited operations.
If you want to develop your own App you should plug into Ethereum network. The easiest way to plug in leads through a native Mist browser. Mist provides a digital wallet for users to trade, store Eather, a user-friendly interface as well as manage and deploy smart contracts.
Where to keep Ethers?
There are plenty of wallets that allow you to keep and manage the Ethereum native currency. You may find wallets designed only for ETH and ERC20 tokens, as well as custodial and non-custodial wallets. The wider the choice, the harder it gets to find the wallet that would meet your needs. Atomic Wallet is to spare you the need to wandering around hundreds of website to find the best solution. We provide you with the options to manage ETH, exchange ETH and buy ETH with a bank card. All in one simple application that securely encrypts your private keys on your device and gives you full control over your funds.