Introduction

Ethereum, the second largest cryptocurrency by market capitalization after Bitcoin, is known as the second gen blockchain technology. It was established in 2015 by a 19-year-old programmer named Vitalik Buterin. Since it came into existence, it has become one of the most popular digital assets in the world. As of this writing, one Ether is worth $250.00 USD at a cost of $25.00 per unit. In other words, if you had invested a hundred dollars at the beginning of last year, your investment would be worth $250 today! However, despite its meteoric rise, there are still many people who know little about Ethereum and how it works as a cryptocurrency and an underlying technology. Here are 10 things you didn’t know about Ethereum:

Ethereum: The Fastest Growing Cryptocurrency

Ethereum is one of the fastest growing cryptocurrencies in the world. It grew by almost 5,700% since it was created in 2015 and entered the market at $8.50 per unit. Currently, one Ether is worth $250.00 USD at a cost of $25.00 per unit. This means one Ether is currently worth 6,534% more than when it was first introduced. At the time of writing this article, Ethereum has a market cap of $127.5 billion USD and has a current price of $250.00 USD per unit. Therefore, if you had invested a hundred dollars at the beginning of last year, your investment would be worth $6.5 million today. Had you invested $1,000, your investment would be worth $6.5 million. This is just one example of how Ethereum has grown to be one of the most valuable and profitable cryptocurrencies in the world. However, what makes it even more impressive is that it was created back in 2015 by a 19-year-old programmer named Vitalik Buterin.

Ethereum: One of the Most Diversified Cryptocurrencies

Ethereum is one of the most diversified cryptocurrencies in the world. It offers investors a high potential for high gains and high risk for low returns. Unlike Bitcoin, which has a lot of potential as a payment system, Ethereum is more of a technology. It is a decentralized application platform that can run decentralized applications. These applications are known as “dapps.” Like Bitcoin, Ethereum is also an open-source blockchain. It was the first blockchain system to implement the technology called smart contracts.

Ethereum: An Open-Source Blockchain for Smart Contracts

Ethereum is one of the most popular platforms for developing decentralized applications (dapps). It is also one of the most popular blockchain platforms for developing smart contracts. If a company signs a contract saying “If so many people sign a petition, then we will give $5,000.00 to the charity,” a smart contract is an automated version of that contract. It can automatically execute the terms of the contract. In a blockchain system, smart contracts are legally binding and enforceable. Because of this, it is possible for the two parties to a contract to enforce terms by automatically calling a certain function on the blockchain system. And this is where Ethereum really shines. Ethereum was the first blockchain system to implement smart contracts. All other blockchain systems are based on the Ethereum blockchain and are also considered smart contract systems.

Ethereum: A Decentralized Application Platform

Ethereum is also a decentralized application platform. It is like web 2.0 meets blockchain. It offers a complete ecosystem of developer tools. For example, in Ethereum, decentralized applications are called “Dapps.” Unlike conventional web 2.0 applications, where users view content and interact with each other, a Dapp is more like an app that runs on decentralized technology. A Dapp runs on the Ethereum Virtual Machine. It is a decentralized computer that executes code written in the Ethereum Virtual Code. Ethereum is an open-source platform that allows anyone to build decentralized applications (Dapps). Dapps run on the Ethereum blockchain, which is decentralized and open-source. Anyone can use Ethereum to build decentralized applications and run them on the blockchain.

Ethereum: A Top Platform for ICOs and Dapps

Eapps are the future of business. They are the next generation of decentralized applications that can be developed on top of the Ethereum platform. Dapps are the current generation, but they don’t operate without the support of a business model. Without a business model, Dapps will not generate enough revenue to sustain themselves. For dapps to become mainstream, they need to generate enough revenue to operate. And this is where ICOs come in. ICOs are like crowdsales. They are when a business creates its own digital token, which is an asset that represents the ownership of the business. Ethereum is the most popular platform for ICOs. According to CoinSchedule.com, the most popular ICOs in the world are all based on the Ethereum blockchain. Some of the most popular ICOs on Ethereum include:

Ethereum: Too volatile to be a reliable currency?

The value of cryptocurrencies like Bitcoin, Ethereum, and LiteCoin is extremely volatile. It is not uncommon for the value of one unit of a cryptocurrency to increase by hundreds or thousands of percent in a short period of time. While this is exciting for those who invest in a relatively short period of time, it is worrisome for those who want to hold an investment for a longer period of time. Many expert investors warn against investing in cryptocurrencies such as Bitcoin and Ethereum. They believe that cryptocurrencies are too volatile to be considered a reliable store of value. Some experts even say that cryptocurrencies like Bitcoin are a heavily speculative investment with a low likelihood of return. But, not all experts agree with these views. Some investors think that cryptocurrencies like Bitcoin and Ethereum could be the future of money.

Ethereum: Future of Money or Future of Fraud?

Investors in cryptocurrencies such as Bitcoin and Ethereum are often lured by the potential for high returns and are warned away by the potential for high risk. Some experts say that cryptocurrencies like Bitcoin and Ethereum are too volatile to be considered a reliable store of value. While these experts are correct in their assessment, they are missing out on an opportunity for profit. They are missing out on the potential for high returns in cryptocurrencies like Bitcoin and Ethereum. The simple truth is that no investment is without risk. The only question is how much risk you are willing to take to earn a high return. Investing in cryptocurrencies such as Bitcoin and Ethereum may seem like you are throwing your money away, but it may also be the best investment you ever make.