Like Bitcoin, the Ethereum network and Ether tokens are not controlled or issued by any bank or government - instead it is an open network which is managed by its users.
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The wallets are very secure, requiring a three-step verification process in order to access the Coinbase app.
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It has apps for both iOS and Android, and features built-in wallets for bitcoins, ether, and the good old US dollar.Smart contracts are applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third party interference - a smart contract will work exactly the same way every time it is used.
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Ether is a digital currency used for operating smart contracts on the Ethereum network.Similar to USB sticks in appearance, these wallets are external hardware devices specifically made for securely storing bitcoins.