If you are like me you probably want to kick yourself for not getting on the BitCoin train back in the day when it was just taking off.
Bitcoin has been making some good gains the last few months but there is a newer "Crypto Currency" making all the headlines these days... And this one is still affordable but growing at an incredible rate.This new blockchain is called Ethereum.
Important: The purpose behind this article is not to try and convince you to buy or mine Ether, the idea is to bring it to your attention so that you don't sit there 5 years down the line thinking how much different your life could have been if you just invested a few dollars.Its up to you to do more research to find out if this is something you are interested in or not.
I personally would have loved to come across an article like this when BitCoin just took off.
At its simplest, Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications.
The Ethereum platform is powered by its own "Ether" currency.
Besides a trade-able currency, Ether is also used by application developers to pay for transaction fees and services on the Ethereum network.
The thing that sets Ethereum apart from BitCoin the most is the fact that the developers added a scripting language into the platform that allows developers to run code in a secure decentralized location harnessing the processing power of millions of computers world wide.
This means that Ethereum can actually be used for something other than just payments.
You only need to do a quick search on Ethereum to see what the sentiment is, it has grown more than 2000% in recent months and I have seen some analysts predicting a $1,000 price before the end of 2017.I was fortunate to buy some Ether at the $90 mark, and with the current value sitting at $192, I have more than doubled my investment in just over 1 week.
Of course this is the same as trading hard currency, which means that the price can go down just as easily and I have noticed that Crypto Currencies are very volatile. Ive seen it drop by $25 in a matter of minutes but its regained just as easily.
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| Wednesday, 24 May 2017 @ 9:12 PM, Coordinated Universal Time (UTC) |
Etherum in the news:
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Enterprise Ethereum Alliance
The Enterprise Ethereum Alliance connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. Together, we will learn from and build upon the only smart contract supporting blockchain currently running in real-world production – Ethereum – to define enterprise-grade software capable of handling the most complex, highly demanding applications at the speed of business.Some of the major corporate backers include (You can view full list of members HERE):
How to get started?
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| Click above to start trading Ethereum or Bitcoin. |
To start trading Ether (ETH) you should sign up with an Exchange service. There are multiple exchanges out there, some better than others. Not all exchanges are available in all countries either.
I can recommend two Exchanges:
| CEX.IO Exchange
Features:
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| Kraken Exchange
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Ethereum is a decentralized blockchain platform enabling smart contracts and decentralized applications. Its native cryptocurrency, Ether, fuels transactions and computational services. Ethereum's price fluctuates based on supply, demand, market sentiment, and adoption of its technology. Factors like network upgrades, regulatory developments, and competition also influence its value. Investors may buy, sell, or hold Ether for investment or utility purposes, contributing to its price volatility. Additionally, Ethereum's ecosystem supports a variety of decentralized finance applications, further impacting its price as DeFi grows in popularity and adoption.
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