Assets, Ethereum

Why Is Ethereum Worth Money?

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 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.

NOTE: WARNING: Investing in Ethereum carries a high degree of risk. The price of Ethereum can fluctuate significantly, and as with any investment, investors should be prepared to lose their entire investment. Before investing in Ethereum, it is important to thoroughly research the asset and understand the risks involved. Additionally, investors should only invest what they are willing to lose and seek professional advice before making any investment decisions.

The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.

Ethereum is worth money because it enables people to do things that were not possible before. For example, Ethereum makes it possible for people to create their own markets and store registries of debts or promises.

This means that people can now conduct transactions without having to rely on a middleman or counterparty risk.

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