The CETH cryptocurrency is a decentralized, peer-to-peer currency that enables instant payments to anyone in the world with almost no fees. It’s built on cryptography to provide more security than other cryptocurrencies and open source, so there are no secrets!
In this article, we’ll cover everything from what CETH is all about to how you can get your hands on some for yourself! Let’s jump right into it.
What is CETH?
CETH is the short form of “Compound Ether” and is a decentralized cryptocurrency that runs on the Ethereum blockchain. Its main goal is to become a currency that can be used in everyday life and one that contains very low fees. Making it perfect for trades, sales, or just daily use. The currency has been designed so you don’t have to worry about inflation as the amount of CETH in circulation will always stay the same, unlike fiat currencies that can be printed to infinity.
There isn’t a limit or maximum amount of CETH to be created either. CETH is currently traded on several exchanges under the ticker CETH. And since it’s an ERC20 token, you can store your funds in any ERC20 compatible wallet such as JAXX, MyEtherWallet, and Coinomi.
What makes CETH different?
There are no secrets when it comes to CETH. It’s fully open-source, and there isn’t a single person or company that can control or manipulate it. Users are responsible for their own funds, which makes the currency truly decentralized.
As far as transaction times go, they’re instant! Once you’ve sent out your transaction, it’ll be confirmed within seconds and will appear on the CETH blockchain right away. This is what makes CETH perfect for day-to-day transactions.
How does cETH work?
cETH uses a combination of Proof-of-work (POW) and the Masternode network to ensure that transactions are ultra fast, secure, and untraceable.
Proof-of-work is exactly what it sounds like: transactions become confirmed by miners who use computing power to solve mathematical algorithms. The more computing power someone contributes, the higher the chance of “solving” one of these algorithms and being rewarded in cETH. To own a master node, you need to contribute at least 5000 cETH to the network.
Masternodes (MNs) are servers that run the same wallet software as everyone else but perform extra services for the network like locking transactions with InstantSend and voting on budget funding.
How to Buy CETH Coins
To buy CETH, you first need a wallet of which there are many options. Once you have that squared away, go to an exchange like Cryptopia or CoinExchange. You can also mine cETH through a pool on your own, but it will take some serious computing power.
History of cETH (CETH)
cETH was launched in April 2017 by a team of cryptocurrency enthusiasts. It’s a community-driven coin that is continuously being improved upon and maintained by developers around the world.
The developers wanted to create a very easy cryptocurrency to use, which does not require any extra steps when making transactions. They also wanted it to be accessible for everyone regardless of their technical skillset.
So, to wrap everything up, CETH is a peer-to-peer digital currency. It’s designed to be lightweight and fast with low transaction fees and uses the Masternode network for added security and decentralization.
Getting your hands on some cETH is very easy! Just download a wallet and head over to CoinExchange or Cryptopia to buy some. There are many pools to choose from if you feel like mining, so just Google “CETH pool” and find one that suits your specific needs.
cETH (CETH) FAQ
How to Mine cETH?
To mine cETH, you will need a powerful computer which you can either use on its own or as a part of a mining “pool.” You can find many pools to mine cETH from if this is what you’re looking for.
Is CETH Open Source?
Yes, CETH is completely open-source, and anyone can contribute to the project. If you’d like to contribute, head over to GitHub and check out the projects there!
What is CETH Mining Difficulty?
The CETH mining difficulty changes depending on how many miners are actively working. If many people go offline, the difficulty will lower, so it’s easier to mine. This works inversely as well if more users join.
What does Proof-of-Work mean?
Proof-of-work is where transactions become confirmed once miners solve mathematical algorithms using their computing power. This way, cETH is decentralized, and no one person or group of people can control the currency.
What are Masternodes?
Masternodes are servers that run with a full copy of the ledger in real-time. They also perform extra services for the network, like locking transactions with InstantSend and voting on budget funding/development proposals. You need 5000 cETH to own a master node.
Can I trade CETH on Coinbase?
Coinbase is an exchange that trades only four different cryptocurrencies, so it’s unlikely that you’ll see cETH there anytime soon! However, if you’re looking to purchase cETH, Cryptopia and CoinExchange are great places to start.
How to Earn CETH?
To earn cETH, you will need a wallet and an exchange that deals in cETH. After that, it’s as simple as buying or trading for some! Check out Cryptopia, CoinExchange, or the CETH Discord for more information on where to get started.
What is the Value of CETH?
The value of cETH is determined by the market valuation and, therefore, may differ from person to person. You can check out Cryptoholics.com for the latest CETH price.
What is the Difference Between Masternodes and Full Nodes?
Full nodes contain the entire CETH history, verify incoming transactions and blocks from other full nodes, and relay new information to other nodes. Masternodes then share all of this information with the entire network to ensure that consensus can be reached quickly.