Ethereum is the second most important cryptocurrency: It is worth miserably compared to bitcoin, and does it have potential?
Ethereum is not "bitcoin 2", and that is the key
Cryptocurrencies have taken over the world lately, and it is a matter of time before they become a mass and equal means of payment. However, they do not all enjoy the same status, which is logical.
Bitcoin, which is currently worth about 51,600 dollars, soared, which is almost a historical record. It is followed by ethereum, ripple XRP, litecoin, NEO and IOTA, as well as other popular cryptocurrencies.
However, that does not mean that they are close to bitcoin. Moreover, they will need a lot of time and investor trust, in order for their value to more or less match the famous digital coin.
Specifically, ethereum, which is second in popularity, is now worth "only" $ 1,900, which is miserable compared to bitcoin. Still, is there potential?
Behind him is Canadian-Russian programmer Vitalik Buterin (27), who founded it in 2015. It raised $ 150 million and this project became the most successful crowdfunding business venture in history.
It is true that ethereum is based on bitcoin technology, but it is also much more than a rival. It could have a much higher value, because it certainly has potential: it implies a comprehensive network - an Internet browser, a programming language and a payment system.
So, it is wisely designed, so that it is different, that is. that investors have reason to consider it. Ethereum is not "bitcoin 2", and that is the key. In addition, this cryptocurrency stands out in the following:
It offers tools for developing decentralized applications and works on the principle of smart contracts, and what does that mean? It is a whole procedure, aimed at the safe implementation of a certain contract or set of rules.
Key benefits?
Serbia is one of the countries where ethereum is most present, and there are two ways to get to it: the first method is mining, and the second way is online shopping.
Since its middle name is “decentralization,” this coin has had an accelerated start and development. The main advantage is that it allows you to directly profit from the use of the network.
In addition, you can use it for the purpose of running decentralized social networks, which reward good content with money, and at the same time cannot be censored.
Some users focus on application creation tools, and what also sets ethereum on the market is the high level of product transparency. This cryptocurrency also functions as an app store.