Ethereum As A Stable Investment...

Analysts and traders are quick to make Ethereum out to be second best by saying the bubble is going to burst any day now. Regardless, Ethereum still attracts much attention from the investors, and the saying that the tallest trees get the most wind has never been more relevant. We take a look at Ethereum’s noble beginnings and explore why it is still a very solid and stable investment.

Ethereum, like Bitcoin, has a public and open-source Blockchain. It is most famous for its innovative and groundbreaking smart contracts. These smart contracts allow other alternative coins, the altcoins, to create real world tools or mechanics which can improve the current ones and are based on certain algorithms. There is a number of Altcoins that are built on the Ethereum Blockchain and utilize its smart contracts. Ethereum’s token is called ‘ether’, which can be traded on exchanges or used to sell and buy goods and services.

Created in 2013 by a recent superstar Vitalik Buterin, Ethereum has certainly made this young man one of the richest in the world of Cryptocurrencies. Buterin has been hailed as a true inventor and is leading the way for many groundbreaking innovations and products.

Ethereum went live in 2015 after a successful crowd sale in 2014. Due to a collapse of Ethereum’s DAO project, the cryptocurrency was forked in 2016, and Ethereum Classic was introduced to the market.

Some refer to Ethereum as a ‘World Computer’, which describes the aim of Ethereum perfectly. Whilst Bitcoin’s aim is to replace payment models such as PayPal and Visa or Mastercard, Ethereum wants to democratize the Internet and relevant services. Ethereum’s system runs on nodes and enables anyone from anywhere to provide top-notch services based on Ethereum’s smart contracts. For example, to make a new and exciting app to track your weight loss progress, to buy groceries, or even to put gas in your car. All of these activities can be done without you even having to lift a finger. Basically, it will give users control over their own systems without any third party involvement.