What is the future of Ethereum?

With the recent rise of Ethereum, I have noticed some discontent about its price. Some believe that this new cryptocurrency is in an artificial bubble and will soon see a crash in value, while others think it has the potential to be another Bitcoin. 

I believe that Ethereum can be both things; with careful analysis, we can determine whether to invest in Ethereum now or if it makes more sense to sell before any crash occurs. You can buy ethereum with credit card. 

What is Ethereum and Why Is It So Popular?

Ethereum is an open-source, public, blockchain-based distributed computing platform that enables smart contract programming. It’s similar to Bitcoin in many ways and it supports a Turing-complete scripting language so you can develop any type of decentralized application on top of the Ethereum ecosystem.

The popularity comes from its capability to build applications without relying on third-party involvement; which we know has been abused before with centralized platforms like Twitter or Facebook who have been known for abusing their power with censorship and other unethical practices such as selling user data.

 Developers are rewarded with Ether as well as other types of peer-to-peer transactions using smart contracts built on top of the Ethereum blockchain network.

This enables people to create an economy, which is a decentralized system of values and tasks that are not controlled by any single entity. Ether holders are able to purchase goods and services from the global market without relying on third-party involvement; one example being trust less transactions (i.e., no need for credit card companies). This means you can provide digital assets or items in exchange for Ether without the possibility of fraud. 

Ethereum also provides developers with the tools they need so that they can develop any type of decentralized application on top of their ecosystem using Solidity language, which we know has been abused before with centralized platforms like Twitter or Facebook who have been known for abusing their power with censorship and other unethical practices such as selling user data.

This means that Ethereum is a technology that has given back to us the power of decentralization, and this time we won’t let it go. 

Ethereum’s Crash Potential

Ethereum’s crash potential is present, but I believe that it will be a gradual value loss over time. By maintaining a healthy skepticism of Ethereum and its price, we can see this for ourselves. This makes Ethereum vulnerable to the same high-volume crashes that Bitcoin has experienced in its past.

The reason why I believe there is no imminent catastrophe coming for Ethereum is that it isn’t entirely speculative based on its price. Sure, people are buying Ethers now because they want to mine more Ethers later when the price goes up. 

But Ethereum is a good product in itself; there are currently hundreds of investors and companies building on top of the platform to create their own products. With so many others invested in this platform, I do not believe that there is enough incentive for people to sell everything they have without reason.

Ethereum can be used to build a diverse set of different applications. It is publicly available, open-source software that employs blockchain technology with an added layer of sophisticated programming called Smart Contracts. 

Ethereum also provides services for digital currency and world computer platforms that have been created by various stakeholders in the community around this core protocol (these are often known as a decentralized application or DApps).

Decentralized Autonomous Organizations represent a decentralized, autonomous corporation. This is revolutionary because it takes control from out of the hands of any governing body and puts in into the hands of its shareholders. 

Although there haven’t been many DAOs built currently, an example is The Dao. The Dao was built as a platform for people to pool their money together in order to invest it in projects that pay dividends later on. They raised $150 million dollars’ worth of EtherLosing Credibility Through the Roof. 

Conclusion

Ethereum has the potential for a flourishing ecosystem of applications built on top of a currency governed by an open and participatory community is tremendous. We hope that this article was helpful for you to get insightful details about Ethereum. Thank you for reading!