ETHEREUM: THE FUTURE OF CRYPTOCURRENCY?
Many choose to invest in Ethereum because it is second-most widely-transacted and valuable digital currency — though the two technologies are significantly different in design. Ethereum is the name of a specific blockchain-based platform designed by Vitalik Buterin and introduced to the public in 2014. The Ethereum ICO raised $18 million in Bitcoin, the equivalent of 40 cents per Ether.
The blockchain technology developed using Ethereum technology allows for the creation of applications; a bi-product of the Ethereum team’s cutting-edge innovation is what crypto enthusiasts call an Ether Token which allows for digital assets to transact. Ethereum can be used as a store of code, unlike Bitcoin, and Ethereum allows decentralized applications to be built upon it — whereas Bitcoin can only be used for payment-related systems which are often too slow for day-to-day purchases.
THE ETHEREUM BLOCKCHAIN
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As investors become increasingly interested in Ethereum technology, and as the world of cryptocurrency becomes less of a futuristic-imagining and more integrated into real-world transactions, Ether has become incrementally more valuable. The value of the cryptocurrency made staggering gains, climbing over 3,500% in 2017. Ethereum’s unique software is likely to revolutionize a number of industries, making buying and holding Ether a valuable addition to any portfolio.
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