Ether network – level 1

24-08-2021 07:00

Ether is a blockchain network. A blockchain network is a special technology. It stores data. It puts data in lists called chains. It is a safe technology. Nobody can steal the data.

People send a digital money called Ethereum in Ether. Ethereum is the second largest digital money. The largest digital money is Bitcoin.

Ether is not very expensive. People pay only a small fee when they do business in Ether.

Ethereum 2.0 is a new version of Ether. It stores more data. Experts say that it will be cheaper than Ether.

People like Ether. They can do business without banks.

Difficult words: data (information in a computer or the Internet), fee (money which somebody must pay for some service), version (another type of the same thing).

You can watch the original video in the Level 3 section.

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