What is Ethereum? Why are DAOs important for the next generation Internet!
Satoshi Nakamoto started Bitcoin right after the 2008 Financial Crisis ☠ Now, who is Satoshi? No one knows. It doesn't really matter. There are only 21M Bitcoins that will be ever in this world and they will be out by 2040. Today, there are 16M coins in circulation. Bitcoin is a digital gold, it has a cap.
For the first time, Bitcoin bought the technology of "The Blockchain" 🔮into the world. The blockchain is a "mathematical code" with 2 main benefits:
- It allows the information source connect directly to the recipient without any middleman 😈
- It removes the possibility of hacking or changing any information on the network since the same information is distributed among the millions of computers connected globally on the blockchain
It is a full proof system that works on mathematics much like how the universe works. In 2015, Vitalik, a 19-year-old saw the true power of the blockchain technology and he invented a software around it called Ethereum. Ethereum is the second most popular Cryptocurrency right now; traded at approx 300 USD versus 7000 USD for Bitcoin.
What exactly is Ethereum? In a nutshell, it is an Operating System (also backed by Microsoft) It is the world's first distributed Super Computer on the Blockchain that can be used by anyone to develop _Decentralized Application Organizations (DAOs)
Some say it is the building block of Skynet! So when you invest in Ethereum, it is not for speculation but for part owning a part of this Super Computer. So invest in Ethereum today and read more about DAOs.
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