Since the bitcoin ‘gold rush’ of 2013, when the price rallied from USD 126 to over USD 1,100 from early October to late November, cryptocurrencies have become a very popular investment for more ‘adventurous’ investors. Due to the relative infancy of cryptocurrencies, including bitcoin, they are subject to tremendous volatility compared to the majority of fiat currencies and traditional asset classes such as stocks or bonds.
However, volatility creates profit-making opportunities and with the maturation of cryptocurrency exchanges investors are looking at other cryptocurrencies than bitcoin to potentially generate a lucrative investment income. One such cryptocurrency is Ethereum’s ether, which has gained the second largest market capitalization of all cryptocurrencies in a relatively short time.
What is Ethereum?
Ethereum is a decentralized platform that runs smart contracts, which are applications that run exactly as programmed without the possibility of downtime, censorship, fraud or third party interference. Ethereum has been specifically created for developers to create their own applications that can represent ownership or the movement of value from one party to another. Furthermore, it allows if-then type smart contracts to be coded onto the blockchain to create irrefutable terms for contractual agreements.
The potential use for this technology is
Read more ... source: TheBitcoinNews
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