Ethereum crashes To ₦36.4 (10 Cent) Prices As Network Panics

Ethereum (ETH) experienced a trend of intense volatility on Tuesday, which caused it to trade as little as ₦36.4 ($0.10) per coin.

That is as a result of mixture of factors, including a significant sell order and two ICOs, which contributed to network congestion and technical problems at exchanges.

What is Ethereum and where to Buy or Sell in Nigeria?

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality, which facilitates online contractual agreements. It offers a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), that may execute scripts utilizing an international network of public nodes. Ethereum also supplies a cryptocurrency token called "Ether", which is often transferred between accounts and used to pay participant nodes for computations performed. Gas, an inside transaction pricing mechanism, can be used to mitigate spam and allocate resources on the network.