{"id":980,"date":"2022-04-01T22:23:10","date_gmt":"2022-04-01T22:23:10","guid":{"rendered":"https:\/\/www.aurumxchange.com\/?p=980"},"modified":"2022-04-01T22:23:10","modified_gmt":"2022-04-01T22:23:10","slug":"a-looming-boom-for-ethereum","status":"publish","type":"post","link":"https:\/\/www.aurumxchange.com\/blog\/a-looming-boom-for-ethereum\/","title":{"rendered":"A Looming Boom for Ethereum"},"content":{"rendered":"<p><iframe width=\"100%\" height=300vh src=\"https:\/\/www.youtube.com\/embed\/sa5xTLfJr7A?autoplay=1&#038;mute=1\"><\/iframe>A Looming Boom for Ethereum: A blog about why Ethereum is one of the \u2015best buys\u2016 in the crypto market.<\/p>\n<p>Ethereum is a global, decentralized platform for money and new kinds of applications. On Ethereum, you can write code that controls money, and build applications accessible anywhere in the world.<\/p>\n<p>Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capability. Bitcoin offers one particular application of blockchain technology, a peer to peer electronic cash system that enables online Bitcoin payments. While the Bitcoin blockchain is used to track ownership of digital currency (bitcoins), the Ethereum blockchain focuses on running the programming code of any decentralized application.<\/p>\n<p>In the Ethereum blockchain, instead of mining for bitcoin, miners work to earn Ether, a type of crypto token that fuels the network. Beyond a tradeable cryptocurrency, Ether is also used by application developers to pay for transaction fees and services on the Ethereum network.<\/p>\n<p>A Looming Boom for Ethereum: A blog about why Ethereum is one of the \u2015best buys\u2016 in the crypto market.<\/p>\n<p>By Liam Kelly &#8211; March 16, 2018<\/p>\n<p>Ethereum (ETH) has enjoyed a staggering rise over the last 18 months and is now one of the largest cryptocurrencies with a market cap of over $70 billion. It\u2019s also the second-largest cryptocurrency behind Bitcoin in terms of daily traded volume. It\u2019s hard to believe that Ethereum was trading at just $10 per token in January 2017 \u2014 which means if you bought $1000 worth you\u2019d have $100,000 today. With the current price hovering at around $800, it begs the question: Is it still a good time to invest?<\/p>\n<p>In this article, I\u2019m going to show you why Ethereum is poised for another incredible year and why now could be a great opportunity to get involved at an attractive price.<\/p>\n<p>Just as Bitcoin has been hailed as an alternative to fiat currency, Ethereum has been positioned as an alternative to enterprise software development. According to Coindesk, \u201cEther has become something of a corporate darling among banks and other businesses looking to explore blockchain technology\u2026\u201d<\/p>\n<p>Ethereum was launched in 2014 by Russian-<\/p>\n<p>The price of Ether, the native token of the Ethereum blockchain, has been on a wild ride in 2018, climbing from around $750 at the beginning of the year to a high of about $1,400 before descending to its current level around $300.<\/p>\n<p>Analysts are expecting some big gains for Ether in 2019. According to Bloomberg\u2019s report \u201cThe Top 10 Crypto Assets for 2019,\u201d experts made Ethereum their second-highest pick behind XRP. The report also says that Ethereum is one of \u201cthe best buys\u201d in the crypto market.<\/p>\n<p>Why is Ethereum so popular among investors? For one thing, it\u2019s the second biggest cryptocurrency by market cap and has been around since 2015. It currently boasts one of the largest developer communities in all of crypto and has seen an explosion of activity this year as developers created tokens and decentralized applications (DApps) on top of it.<\/p>\n<p>Another big reason is that many believe Ethereum will be able to scale faster than other blockchains, which could lead to much higher transaction volumes and usage.<\/p>\n<p>Since Ethereum was first unveiled in 2013, it has been hailed as the de facto platform for smart contracts. But four years on, that promise is yet to be fulfilled.<\/p>\n<p>Despite its momentum, Ethereum is still plagued by performance issues that make it a suboptimal choice for enterprise applications. These shortcomings have put a damper on market sentiment, but once the technology is ready for primetime, the price of Ethereum will soar.<\/p>\n<p>For more than a year now, we\u2018ve been hearing about great new projects that are being built on Ethereum and how they are going to change the world as we know it. <\/p>\n<p>Well, it\u2018s great to know that all these projects are being built on Ethereum. However, there is a problem with this. Many of these projects have not even launched their product yet because the technology behind them isn\u2018t quite ready yet. <\/p>\n<p>The reason why I bring this up is because I believe that investors should be aware of what they are buying into before they buy into it. A lot of these projects will never launch and if they do launch, they will fail because they don\u2018t have any real value or utility behind them.<\/p>\n<p>I am not saying that every project out there will fail but I am saying<\/p>\n<p>Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.<\/p>\n<p>These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.<\/p>\n<p>The project was bootstrapped via an ether pre-sale during August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe.<\/p>\n<p>On traditional server architectures, every application has to set up its own servers that run their own code in isolated silos, making sharing of data hard. If a single app is compromised or goes offline, many users and other apps are affected.<\/p>\n<p>On a blockchain, anyone can set up a node that replicates the necessary data for all nodes to reach an agreement and be compensated by users and app developers. This allows user data to remain private and apps to be decentralized like the<\/p>\n<p>You\u2019ve probably heard of Bitcoin, but do you know what it is?<\/p>\n<p>Bitcoin is a digital currency that people use online. It is not printed like normal money. It runs on a technology called blockchain, which makes it safe and secure. You can buy and sell Bitcoin through computer exchanges and you can even own part of one. Once you own some bitcoin, you can use it to pay for things or send money to friends and family.<\/p>\n<p>You might have heard about Ethereum too. It is similar to Bitcoin, but it has more features than Bitcoin and is growing very quickly.<\/p>\n<p>What is Ethereum?<\/p>\n<p>Ethereum is a digital currency that people use online. It runs on a technology called blockchain, which makes it safe and secure. You can buy and sell Ethereum through computer exchanges and you can even own part of one. Once you own some Ethereum, you can use it to pay for things or send money to friends and family.<\/p>\n<p>Ethereum has been increasing in value recently because many companies are starting to build their products on top of the Ethereum blockchain technology platform. This means that the demand for Ethereum will go up as more companies start using it to do business with each other. The price of one ETH token went from $7 to $20 in just<\/p>\n<p>Bitcoin and other cryptocurrencies have been in the news a lot lately, as they seem to be on the verge of becoming more mainstream. We&#8217;re seeing new businesses launch every day that are accepting bitcoin, and even some major retailers like Whole Foods and Nordstrom are looking at accepting bitcoin within the year.<\/p>\n<p>Cryptocurrencies are here to stay, with or without Bitcoin. One of my favorite alternative cryptocurrencies is Ethereum. There&#8217;s a lot of buzz around Ethereum at the moment as it&#8217;s poised for a big 2017.<\/p>\n<p>Ether is the cryptocurrency used by the Ethereum platform and it&#8217;s currently trading at around $10 per coin, while Bitcoin is trading at around $800 per coin. Ethereum has been around since 2013. It was the brainchild of Vitalik Buterin, who was just 19 years old when he created it.<\/p>\n<p>The key takeaway is that there are plenty of promising cryptocurrencies out there right now that could explode in value very soon! However, only time will tell which ones will be successful long-term.<iframe width=\"100%\"\" height=300vh src=\"https:\/\/www.youtube.com\/embed\/_vd67DahZUE?autoplay=1&#038;mute=1\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Looming Boom for Ethereum: A blog about why Ethereum is one of the \u2015best buys\u2016 in the crypto market. Ethereum is a global, decentralized platform for money and new kinds of applications. On Ethereum, you can write code that controls money, and build applications accessible anywhere in the world. Ethereum is a distributed public [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts\/980"}],"collection":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/comments?post=980"}],"version-history":[{"count":1,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts\/980\/revisions"}],"predecessor-version":[{"id":981,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/posts\/980\/revisions\/981"}],"wp:attachment":[{"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/media?parent=980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/categories?post=980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aurumxchange.com\/wp-json\/wp\/v2\/tags?post=980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}