Invest in Ethereum 2017
Ethereum is a revolutionary platform which is still in its early stages of development. It utilizes the Blockchain technology and allows users to build decentralized applications (dApps) on its platform. This means anybody can host a crowdfunding campaign or operate smart contracts through Ethereum.
Whenever users wish to deploy their applications, run a crowdfunding campaign, create tokens, and/or run smart contracts on the platform, they are required to pay ‘Ether’ as processing fees. It works much like a fuel which powers the engine. ‘Ether’ is a cryptocurrency utilized by the Ethereum platform.
Ethereum was first idealized and created by a Cryptography-researcher and developer, Vitalik Buterin. Ever since its creation in 2014, the platform has attracted thousands of developers and users. Recently, the price of ‘Ether’ skyrocketed, rising over 4000% in its initial value just over the period of 6 months in 2017.
The process of purchasing ‘Ethereum (ETH)’ is similar to how users purchase bitcoins. You simply need to register on online exchanges – be sure to choose the most popular platform – and verify your identification. Once that has been done, you can either choose to connect your bank account and/or purchase ethereum with credit/debit card.
As the platform is still in its early stages, there are much more opportunities awaiting and plenty of room for growth. Although its value has soared over 4000% during early 2017, this is clearly not the end-point. The popularity of this platform and the cryptocurrency will only increase as time passes by… It is currently ranked as the second most traded currency in terms of its market cap, just behind Bitcoin. Experts say Ethereum will surpass the market cap of Bitcoin and position itself as the most traded cryptocurrency in the world within a few months.
However, it is advised that you do your own due diligence before investing in Ether as there are potential risks involved, just like all other investment options. Moreover, this article should not be constituted as a financial advice and we will not be held responsible for any investment decisions that you make as a result of reading this article.