As Bitcoin continues to make headlines and grab investor attention, Ethereum has quietly been growing in popularity and market share. Many people are wondering if they can buy Ethereum, and how it compares to Bitcoin.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent 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.
The Ethereum blockchain is fueled by Ether, which is bought and sold on exchanges much like Bitcoin. So if you’re wondering whether you can buy Ethereum, the answer is yes!
Investors are attracted to Ethereum because it has the potential to become much more than a digital currency. While Bitcoin is limited to being a payment system, Ethereum’s smart contracts could potentially revolutionize many industries by providing a tamper-proof way to conduct transactions and agreements.
Ethereum is still in its early stages, and its price is volatile. But for those willing to take on some risk, buying Ethereum could be a wise investment.