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Some are still wary of it and cryptocurrencies in general, while others have been quick to pounce. Ether is the native cryptocurrency used for all the transactions on ethereum's blockchain. Cryptocurrency exchanges such as coinbase will readily exchange bitcoin and ethereum for major currencies such as usd, japanese yen and euros. It is a currency associated with the internet that uses cryptography, the process of converting legible information into an almost uncrackable code, to track purchases and transfers. Firstly, there is the problem of exchangeability.
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A cryptocurrency (or crypto) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions.
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