Ethereum Is Changing The Way We Think About Cryptocurrency

Bitcoin is the mother of all cryptocurrencies, and the most famous of them. Created by a person or people using the pseudonym Satoshi Nakamoto, it defined the algorithms that enable the transfer of assets from one party to another without an intermediary, such as a bank.

This helped to kickstart what we call the blockchain revolution. Yet despite its staggering growth – up 500 per cent in the past five years alone – bitcoin is likely to be eclipsed by an upstart called Ethereum that was developed by a twentysomething Torontonian.

Ethereum’s cryptocurrency has a name – ether – that most people have never heard of, outside of a chemistry lab. The total market value of all ether in circulation is $25-billion, not too far below bitcoin’s $42-billion. Ethereum now has “the flippening” in sight, that moment in time when its value surpasses bitcoin’s, something unthinkable only a few months ago.

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