In addition to supporting Ether, the Ethereum blockchain network supports several other tokens, also known as stablecoins. For example, USDC, Tether, USDT are all backed by the Ethereum blockchain. For its part, Ether is traded under the symbol ETH, and the number of Ether that can be issued is currently unlimited.

1. Top Benefits to Incur When
You Buy Ethereum with
Canadian Dollars

2. In addition to supporting Ether, the Ethereum
blockchain network supports several other tokens,
also known as stablecoins. For example, USDC,
Tether, USDT are all backed by the Ethereum
blockchain. For its part, Ether is traded under the
symbol ETH, and the number of Ether that can be
issued is currently unlimited. In general, Ether is
considered the native digital currency of the
Ethereum ecosystem, which simply means that it is
the coin that the blockchain most closely supports.
Thus, you can easily buy and sell cryptocurrency
Canada here at Netcoins!

4. Among the most common advantages of Ether and
Ethereum is that it represents a decentralized
financial system that is easily accessible anywhere
in the world. It also acts as a peer-to-peer payment
network without a middleman. In fact, investors and
others can be excluded from transactions if
investors choose to use so-called smart contracts.
Ether also provides a flexible blockchain that can
adapt to the creation of other projects, like other
tokens, etc.

5. What Are the Benefits of Ethereum?
It offers all the benefits of a traditional blockchain
along with some unique advantages of its own
including:
1. Unchanging nature — Each exchange that
happens on the Ethereum blockchain is permanent
which really intends that after the information has
been handled, affirmed, and composed, it can never
be changed. This makes it practically unhackable.

6. 2. Decentralized — Ethereum as of now used an
agreement component to check exchanges which
eliminate the requirement for a focal power or go-
between. Savvy contracts in light of the blockchain
can execute themselves.
3. Quick Transactions — Rather than going
through manual checks and confirmation
methodology, blockchain utilizes robotized cycles to
guarantee the legitimacy of an exchange. It doesn’t
just make it significantly quicker but more
reasonable also.

7. 4. Exceptionally Reliable — It has been around for
over 5 years now with new applications being made
and runs on the blockchain without going through
any obstacles like extortion, outsider obstruction,
oversight, and vacation.
5. Programmable — One of the greatest benefits is
that it is programmable and engineers can utilize it
to make decentralized applications. These may
incorporate monetary administrations, games,
shrewd agreements, and the sky is the limit from
there.

8. Can Ethereum Be Used Anonymously?
This is a tricky one because what usually gets
mentioned a lot on the internet as one of the primary
blockchain benefits is user anonymity. And while
there’s some truth to it, it has become increasingly
difficult to maintain complete anonymity using Ether
or any other cryptocurrency for that matter.

9. The majority of trustworthy and established crypto
trading platforms require you to go through an
intensive personal identity verification process to
reduce money laundering and other illegal activities.
On the other hand, despite all the protocols of
anonymity being in place, you can always be
tracked through the digital footprint you leave
behind, especially because it’s impossible to change
or replace the data that’s been written on the
blockchain.

10. Even if you haven’t shared your name or other
personal details, metadata and other contextual
information can lead to your personal identity. This
is why cash remains the most anonymous mode of
payment even today when you buy Ethereum with
Canadian dollars!

11. Each transaction that takes place on the Ethereum
blockchain is secured by crypto graphical encryption
and has three times more nodes to verify each of its
transactions as compared to Bitcoin. Most of the
hacking attempts and cyber-attacks associated with
it are targeted at poorly written smart contracts by
developers, instead of the blockchain itself.
SOURCE CREDIT:
https://medium.com/@bitcoinwalletcanada/top-
benefits-to-incur-when-you-buy-ethereum-with-
canadian-dollars-9a196eee7286

12. THANK YOU FOR
WATCHING