Ethereum is similar to the Bitcoin blockchain, however, the platform enables users to run applications and smart contracts. Ethereum is known for its decentralisation and autonomous functionality which makes it different from other open public networks.
The users of the applications pay developers and miners to run their applications with Ether. Hundreds of applications and platforms now operate on the Ethereum blockchain and require Ether to do so. Ether, therefore, derives its value by being necessary for anyone using the network.
How to trade Ethereum?
To trade ethereum’s token, you generally need access to an exchange, along with a virtual wallet which can take several days to acquire.
But when you trade CFDs on Ether you never actually own the cryptocurrency. This means all you need is an Eightcap trading account.