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What is Ethereum?

Ethereum is a software platform built by Vitalik Buterin. The platform is designed to create (smart) contracts for organising payments and sending messages. Furthermore, various cryptocurrencies are built on the Ethereum blockchain for developing programmes and applications. The ETH blockchain offers new cryptocurrencies and ICOs the chance to get up and running efficiently. The network has many enthusiastic followers and has hundreds of programmers. Ether can be saved and managed in the LiteBit Wallet.

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Create an account

If you do not have a LiteBit account yet, you can easily create one, for free. You can sign up directly on our website or download our app. After that, you can instantly verify your identity with a valid passport or ID card. Having trouble? Our Customer Support is available to help you, 24/7. With the LiteBit app, you can trade anytime, anywhere with instant access to your portfolio.

How to buy Ethereum?

We believe buying crypto like Ethereum, should be made simple. To buy Ethereum, you log in to your account in your browser or in your app. You can track the current rate of ETH in your app, too. When you are satisfied with the rate of the cryptocurrency, you click on the crypto you want and hit the “Buy” button. And selling is just as easy! LiteBit offers multiple payment methods, like credit card and SEPA payment.

Store Ethereum safely

At LiteBit, you get a personal and free wallet. A wallet is somewhat like a bank account. You can store your cryptos safely in your own wallet. After you have purchased ETH, your crypto will show up in your wallet. Your wallet gets a unique wallet address, and you can both buy and sell your cryptocurrency from your wallet.

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Record Ethereum Layer 2 activity

Dec 05, 2022

Ethereum’s Layer 2 ecosystem has witnessed record network activity in November. Despite the bear market, the monthly transaction fees that L2's paid on Ethereum doubled from the previous month. It's another sign that we're in a 'bullish crypto winter'.

Ethereum's Flashbots proposes a solution against potential censorship

Nov 28, 2022

After the successful Ethereum Merge, a potential censorship issue has crept up on Ethereum. In the new block production architecture, an increasing number of transaction blocks is being built by an organization called Flashbots. This organization has chosen to be compliant with the sanctions list of the American OFAC. This poses a risk of censorship on the protocol level of Ethereum. Flashbots is aware of this and has proposed a solution.

Vitalik reveals Ethereum Layer 3 plans

Nov 20, 2022

Aren't two layers not enough for Ethereum? As Layer 2 platforms like Polygon and Arbitrum are thriving, developers in the Ethereum space are already thinking about additional chains to help the Ethereum ecosystem grow.

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