Ethereum was invented by Vitalik Buterin in 2013, then subsequently released to the world after a public crowd sale in 2014. Since its release, Ethereum has been steadily climbing up the cryptocurrency charts.
Perhaps one of the reasons behind this is that since its inception (and until very recently), it has not been widely adopted or well-known among the general populace. It also doesn’t seem to be as flashy as Bitcoin and other cryptocurrencies like Monero or even Dash.
Right now, there seem to be more developers engaged with Ethereum than any other cryptocurrency project (by orders of magnitude). The number of developers, as well as the number of commits to the codebase, are among the best in cryptocurrency. The activity is even comparable to that which we see in many successful open-source projects (such as Linux or Apache).
Ethereum saw more start-up activity than others (in terms of companies being funded and formed around it). This is not only better for finance but through ethereum price prediction we can say that it also solidifies its future and usefulness.
Many people argue that Bitcoin is “usable” by any type of user due to wallets such as Coinbase or Blockchain.info. However, I believe this view is too narrow-minded. Using a website interface rather than having control over your own wallet puts you at the mercy of the website interface in terms of security and financial responsibility.
This is not only risky, but you also cannot tell for certain how secure they are. On the other hand, Ethereum has a user-friendly interface which allows users to participate directly with the network without needing an intermediary (i.e., wallet or exchange).
It’s difficult to anticipate what Ethereum price will be months or years down the road. What we do know however is that it does have a lot of room for growth due to 1-3 above on this list as well as its usage within businesses already in place and yet to come online.
Ethereum digital community
The Ethereum ecosystem is home to a robust community of digital currencies, decentralized payments, and applications. The community has built a booming digital economy with new ways for creators to earn online without gatekeepers. It’s open to anyone in the world – all you need is an internet connection.
Ethereum provides a way for developers of any experience level from novices to experts can build decentralized applications that don’t run on data centres or servers but instead rely on peer-to-peer networks where nodes work together equally.
Ethereum is a decentralized platform that enables you to build and run applications without any downtime, fraud, or interference from third parties. You can easily deploy your own smart contracts on the blockchain with Ethereum’s secure, reliable network.
A user of these services does not need to trust any third party for data integrity; instead, they rely on an immutable public ledger (the “blockchain”). This makes transactions much more efficient than in traditional infrastructure where all stakeholders have to certify every transaction before it can be recorded.
The blockchain also prevents double-spending by keeping track of which coins are being spent and ensuring that only valid transfers take place between different owners’ accounts.
Ethereum is a platform that makes it possible for any developer to build and publish next-generation decentralized applications. These apps run on blockchain technology, without any central controlling entity.
In other words, Ethereum is a decentralized platform allows people to create markets, store registries of debts or promises (like effectively having your own bank), move funds in accordance with instructions given long ago (like creating a will), and many other things that have not been invented yet, all without a middleman or counterparty risk.
Ethereum is a technology that’s home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more.
But it’s not just about money; decentralized apps can be built for all sorts of things like storing documents on public networks with better security than RSA encryption; providing microloans across borders via blockchain contracts & cryptocurrencies so you avoid paying those nasty interest rates to banks who might have ulterior motives like outright fraud or pushing certain products over others; and more.