As of late, there has been much discussion surrounding the cryptocurrency Ethereum and whether or not now is a good time to invest in it. Let’s take a closer look at this topic.
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 middle man or counterparty risk.
The Ethereum platform is still in its early stages and is not yet as widely adopted as Bitcoin, but it has already seen some significant growth and development. In addition, Ethereum has some major advantages over Bitcoin that could make it a more attractive investment in the future.
First, Ethereum is much more than just a digital currency. It is a decentralized platform that can run smart contracts, which are applications that can be used to create markets, store registries of debts or promises, and move funds in accordance with instructions given long in the past (such as wills or futures contracts).
This could make Ethereum much more valuable than Bitcoin in the future.
Second, Ethereum is backed by a large and growing community of developers. This is important because it increases the likelihood that Ethereum will be adopted by more people and businesses in the future.
Third, Ethereum has already been successfully used to launch several Initial Coin Offerings (ICOs), which are a type of crowdfunding campaign. This shows that there is real demand for the Ethereum platform from companies and organizations looking to raise money.
Fourth, the price of Ether (the native currency of the Ethereum blockchain) has seen explosive growth over the past year, increasing from around $10 in January 2017 to over $1,000 today. This price growth indicates that there is strong demand for Ether from investors, which could help to drive further adoption of the Ethereum platform.
So, Is It A Good Time To Invest In Ethereum?
Overall, it seems like now could be a good time to invest in Ethereum. The platform is still in its early stages but has already seen significant growth and development. In addition, it has some major advantages over Bitcoin that could make it more valuable in the future.
Of course, like any investment, there are risks involved and nothing is guaranteed. But if you’re looking for an opportunity in the cryptocurrency space, Ethereum could be worth considering.