Sentences with phrase «store ether tokens»
The miners need a special wallet of their own to store ether tokens.
https://www.evonax.com/ Not exact matches
Ethereum Classic also provides a value token called «classic ether», which can be transferred between participants, stored in a cryptocurrency wallet and is used to compensate participant nodes for computations performed.
Just like the Coinbase example above, another option for storing Ether is to keep your tokens in your cryptocurrency exchange account.
Aside from being simply a store of value and a medium of exchange, the digital protocol token known as Ether has the ability to execute smart contracts, or blocks of code designed to execute a wide spectrum of possible transactions.
Most ICOs work by having investors send funds (usually bitcoin or ether) to a smart contract that stores the funds and distributes an equivalent value in the new token at a later point in time.
This makes investments safe as the investor not only gets a proof of the investment; instead, gets a smart contract token, which can be stored in any Ether Wallet; can be bought, sold, or traded.
It is an open - source platform launched in 2015 by Kvhnuke and Tayvano, that not only stores ether coins but also ERC20 tokens.
Most of its competitors are Bitcoin - focused or support different cryptocurrencies without a specific focus on ERC20 tokens: Xapo and Coinbase support Bitcoin; CoinsBank — Bitcoin and Litecoin; in Wirex you can send various cryptocurrencies to your account, but can only store in Bitcoin; Uquid supports Ether among many other cryptocurrencies.
The ether tokens can not be stored on some other cryptocurrency wallets such as Bitcoin.
When it comes to storing ether (ETH) tokens and other digital assets issued on the Ethereum platform, MyEtherWallet is a solution that is easy to use and offers a lot of flexibility.
According to Gatecoin, about 1.85 million ether tokens and 250 bitcoins were stolen, which equals to $ 2.14 million at the current exchange rate and about 15 % of all cryptocurrency funds stored on Gatecoin accounts.
The protocol stores the Ether and native DAO tokens within its framework but «requires a «Contractor» to build a product, write code or develop hardware.»