Ethereum

Ethereum

DEFINITION of Ethereum

Proposed in late 2013 by Canada-based cryptocurrency researcher and programmer Vitalik Buterin, Ethereum is an open blockchain platform that enables Smart Contracts and lets anyone build and use decentralized applications running on blockchain technology. Like in case of Bitcoin, no one controls or owns Ethereum – it is an open-source project built by many people globally. But in contrast to Bitcoin protocol, Ethereum was designed to be adaptable and flexible. Moreover, it is an all-purpose programming language with its own blockchain that makes it is easy to create and publish new distributed applications on its specific platform.

BREAKING DOWN Ethereum

The applications on Ethereum are run in an absolutely transparent manner, without any input from central authorities, achieved with the help of Smart Contracts. The cryptocurrency that fuels Ethereum ecosystem is called Ether. It is used as a token for Ethereum-platform-based utilities, as a currency to pay for goods and services, and also as an investment. Since its launch on June 30, 2015, it has been steadily gaining popularity. Ether is more than a currency as it is also used inside Ethereum to run applications and even to monetize work. As Ethereum approaches mass adoption, many believe that the value of Ether will increase dramatically. While there are no shareholder’s rights or dividends through ownership of Ether and it is not a security, taking part in Ethereum project is a good investment of funds. Within less then tree years of its existence, Ether (ETH) is now second only to Bitcoin on the cryptocurrency market capitalization list. Some Altcoins have managed to reach a certain degree of success, but none of them have achieved the heights of Ethereum.

Ethereum platform has been so popular, that even enjoyed Microsoft’s attention, when it announced the launch of Ethereum Blockchain as a Service (EBaaS) based on the Microsoft Azure platform back in November 2015.

Back

2021-12-01 • Updated

Frequently asked questions

  • How to open an FBS account?

    Click the ‘Open account’ button on our website and proceed to the Personal Area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading. 

  • How to withdraw the money you earned with FBS?

    The procedure is very straightforward.  Go to the Withdrawal page on the website or the Finances section of the FBS Personal Area and access Withdrawal. You can get the earned money via the same payment system that you used for depositing. In case you funded the account via various methods, withdraw your profit via the same methods in the ratio according to the deposited sums.

  • How to start trading?

    If you are 18+ years old, you can join FBS and begin your FX journey. To trade, you need a brokerage account and sufficient knowledge on how assets behave in the financial markets. Start with studying the basics with our free educational materials and creating an FBS account. You may want to test the environment with virtual money with a Demo account. Once you are ready, enter the real market and trade to succeed.

  • How to activate Level Up Bonus?

    Open Level Up Bonus account in web or mobile version of FBS Personal Area and get up to $140 free to your account.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera