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Topic: 🔴[BOUNTY] 🔥🔥GRABITY🔥🔥 🚀NEW PARADIGM OF INTERNET🚀 💰350,000,000GBT💰🔴 - page 53. (Read 9855 times)

newbie
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Notice the string of numbers on the front of your credit card? It’s necessary for banks to determine where they should send money when the card is swiped. Grin Wink
newbie
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Perhaps it’s useful to compare it to what we already know.
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#PROOF OF  AUTHENTICATION POST
Bitcointalk username: Kent91
Bitcointalk Account  URL: https://bitcointalksearch.org/user/kent91-2376860
Facebook profile link: https://www.facebook.com/profile.php?id=100001675163945
Twitter campaign: https://twitter.com/AlekseiGurskiy        
Telegram username: @leshagur
newbie
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So the Ethereum and other cryptocurrencies have an admittedly confusing storage system. As far as we know...
newbie
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What’s the system?

But before we go any further, it’s worth explaining a little bit about how it works.  Shocked Huh
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Bundles of smart contracts can be used to create decentralized applications (‘dapps’), which you can use or join.
newbie
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Users with ether can join or create smart contracts (code that automatically executes the terms of an agreement so that you don’t have to rely on a third party). Huh Huh
newbie
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However, ethereum applications are quite different.
newbie
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As a right now you may have noticed that the wallet and exchange lingo up to this point has been quite similar to bitcoin.
newbie
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So now, what can users do once they have ether?  Lips sealed
newbie
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Once you have ether, you can send it directly to another person (‘peer-to-peer’). It will likely cost a small transaction fee paid to miners.  Wink
newbie
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So, if you want to buy ether for rubles, for instance, the easiest way might be to purchase bitcoin at an exchange and then trade that for ether.   Grin
newbie
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Bitcoin is the most commonly used cryptocurrency, and people around the world are more likely to want to trade for it in their currency.  Roll Eyes Roll Eyes
newbie
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Buying ether with another currency might take an extra step.
newbie
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for the exchanges allow users to buy ether directly with dollars or bitcoin.
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That’s not always an option in less populated areas.   Wink
newbie
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This is pretty much how it worsk:

There’s always the option of meeting in-person to buy or sell ether, especially if living in a city with frequent ethereum meetups, such as New York or Toronto.

newbie
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Obtaining ether varies by country, or at least by currency. You need to find someone either online or in-person who has ether and wants to trade. Huh Huh
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newbie
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In this case the best practice is to spend some extra time creating multiple copies of the private key and stashing them in different secure locations, in case one is lost or destroyed.

Thats all we can do for now  Tongue
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