Ethereum is Over the Moon with NASA's Adoption

tysler (72)in #ethereum • 6 years ago

Big player NASA has decided to take on Ethereum's blockchain for its research

News was released earlier this week regarding the Ethereum's adoption by NASA, the largest agency for aerospace technology and research.

Jin Kocsis, the head of this department at the University of Akron, stated that the original idea behind this grant-fueled project is to improve the way space missions are being done. The project is aiming to put to use Ethereum-based blockchain technology in order to create a safe and secure decentralized and cost-effective way of exploring the space, and that would be made possible by improving the way spacecraft technology is working when it comes to navigation and communication.
Source: GlobalCoinReport - Maja Rogic

More future adoptions for Ethereum coming up
Ethereum's not shy of large projects coming its way. Earlier today, Amazon Web Services announced the creation of Blockchain Templates which will allow you to launch an Ethereum network within minutes, as reported on Cryptoslate - Sam Town.

Saudi Arabia's wealth is boosting the growth of blockchain infrastructure technologies in the next 10 years. ConsenSys, the world’s largest Ethereum blockchain design studio, is partnering with the Saudi Telecom Company (STC) to establish Ethereum-based blockchain ecosystems (source: Bitcoin Magazine).

Image source: flickr.com - JCT600

What would the future entail for Ethereum?
The short-term future for Ethereum is definitely increasing prices and remaining bullish during this period. Over the past year, ETH maintains a strong 15-20 percent market dominance whereas Bitcoin continues to waver between 40-50 percent of the global market share. The stagnancy is a concern as many other altcoins have moved their way up the charts, de-valuing many of the top players.

I have confidence in Ethereum that whatever is invested in it today will reap its many rewards in the years to come. Rather than just listening to Netizens, Steemians or Redditors, do visit https://www.ethereum.org/ and read more about ETH and their whitepaper.

We live in a wealth of data.

-tysler

Image source: coinmarketcap.com - Ethereum

Image source: coinmarketcap.com - Dominance Chart

#nasa #cryptocurrency #blockchain #saudiarabia

6 years ago in #ethereum by tysler (72)

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zyx066 (72) 6 years ago (edited)

Quite literally over the moon then :-) Looks like we can be bullish on Ethereum again; only thing I'm not so sure of is what would happen if BTC was to really lose it's place as "reserve-currency" in crypto-space... Do you have any ideas on that?

Thanks for another informative post @tysler!

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tysler (72) 6 years ago

Hey @zyx066, yes on one side I'm happy for Ethereum, but the other concerned about Bitcoin's standing in the future. Prices either go up or down. I just try to divest from BTC into other altcoins that are in the Top 10, altcoins with potential and ICOs with potential in the future. All very speculative though... But whatever it is, I'm avoiding most of the US stocks.

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mrrpiusz (60) 6 years ago

This is great news, clearly showing that Ethereum, in the nearest future will be a very great force to reckon with. NASA adoption of ethereum is clearly pointing to the fact that the future of cryptocurrency is really bright.

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