Ethereum 

    Many people that come into the crypto space do either one of two things. They either go straight to Bitcoin or they go straight to riskier coins like Doge. However there is another crypto asset named Ethereum that one day might grow bigger than Bitcoin itself and is already the second biggest crypto in the world. That asset is called Ethereum. Ethereum can do everything that Bitcoin does and even more. It can be held as a hedge against inflation, used to buy products and even create decentralized applications on it.

    Ethereum has been gaining traction over the last couple years and in terms of price it has sky rocketed outperforming pretty much any stock market company there is. Not to focus too much on price though lets focus on what it can do. In the world we live today almost everything we do on the web is centralized. Meaning you have to follow certain rules to put your apps in the App Store or Play Store. However with Ethereum you can create what are called Daps. Daps are decentralized apps that run on the ethereum network that are decentralized and don't have to follow certain rules and are more efficient and transparent. That however is just the tip of the iceberg. You can create digital art, take out loans, build smart contracts etc. 

    Ethereum is fascinating project that will one day be as big if not bigger than Bitcoin. Bitcoin has the advantage in terms of first mover advantage and will always be a huge part of the crypto space but once the population catches up to the technology that Ethereum brings it will bring in more developers and money into its network as well. Ethereum is also one of the reasons I got into development. With the growing ecosystem there will be a need for developers and we are still early. 

Comments

  1. UnknownNovember 6, 2021 at 4:21 PM

    Nice job. It will be interesting to see if Ethereum rises as you suggest, people should start buying it.

    -Shawn

    ReplyDelete

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