Ethereum Price in INR (ETH to INR)

Ethereum Price in India

From the point of view of a user, Bitcoin is nothing more than a payment system: users transfer money between them and that's it. Ethereum goes beyond the simple payment system structure by giving users the ability to write portfolio-based programs.

Programs, also known as smart contracts, are registered in the blockchain. Thus, a contract is stored forever, all users have copies and it is executed in the same way for all network participants who use it.

Ethereum Price in September 2017

After reaching 24,657 INR on 1st September 2017, there was a decline in the price of the Ethereum as the development team was looking into more optimizations of their repositories. In addition, it rose and stabilized at 19,410 INR.

Ethereum Price in October 2017

After reaching 19,568 INR on October 1st 2017, whereby the development team was releasing various libraries on their testnet which led to a slight rise in price to 19,633 INR on 31st October 2017.

Ethereum Price in November 2017

Ethereum started from 18,874 INR on 1st November 2017 and steadily scaled up to reach 29,298 INR on 30th November 2017.

Ethereum Price in December 2017

Ethereum hit an all time high from 30,311 INR on 1st December 2017 and towards 49,464 INR on 31st December 2017 owing to Ethereum's Improvement Proposals.

Ethereum price in January 2018

Ethereum hit from INR 49,576.01 on 1 January 2018 and climbed towards INR 67,485 on 31 January 2018.

Ethereum price in February 2018

Ethereum hit from INR 70,433.01 on 1 January 2018 and dipped down to INR 55,981.01 on 28 February 2018.

About Ethereum

When we use our computers and use Word documents or other files, we usually save them in folders. A folder contains documents, photos, spreadsheets, music files, other types of files, and so on. and could be called a database.

In the case of Ethereum, it's the same innovation as Bitcoin, but instead of just dealing with accounts and transactions, it can also store computer programs like:

• If account QQ has a balance ZZ rupees
• and if today is January 19th, 2018
• then transfer 5 INR to the QQ account
• otherwise do not do anything

Since the Ethereum database is stored in thousands of powerful computers and laptops around the world collectively, it can be considered as a single large computer because they all have the same database and can communicate with each other. Collectively, they have so much computing power that by sharing them (and the database with money and programs), they can be an incredibly powerful multi-service data center for the world at large.

About Bitbns:

Bitbns is one of the best platforms to buy cryptocurrency, and has the distinction of levying the 0% hidden transaction charges. This platform is present in India, based out of Bangalore. On the other hand, it is P2P Bitcoin's first P2P trading platform, with buyers and sellers in thousands of cities around the world. Regarding payment methods, there are NetBanking functions like NEFT/IMPS/RTGS services which are supported.