Just as bitcoin is reaching its all time high the same is happening with many other cryptocurrencies and one in particular has really outdone its competitors the smart contract token Ethereum.
And a huge trading volume in the last 24 hours $386,731,000 was used to exchange with Poloniex leading the way.
Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. Gas, an internal transaction pricing mechanism, is used to prevent spam and allocate resources on the network.
Much is to expected from Ethereum as they head into the next Milestone protocol called Metropolis expected towards the end of this year and then finally the transition into the finished product by developers called Serenity.
I myself bough into the presale with about half a bitcoin which fetched me 1100 Ether, due to circumstances almost all of these coins where sold at ridiculous prices ( around 3-7$) but I hope to buy some back soon and get back into the Ether speculation game along with many others.
Do you own Ether? What are your thoughts on the future price of this great alternative to bitcoin with its many special use cases and built on blockchains?