What is Ethereum?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, 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.
Who created Ethereum?
While working on a number of Bitcoin projects, a 19-year-old programmer from Toronto, Vitalik Buterin, conceived the idea for Ethereum. Ethereum was intended to be a robust platform that allows developers to build blockchain applications. Buterin was inspired by some of the shortcomings he faced when trying to build applications on the Bitcoin blockchain.
He believed that the potential of blockchain technology was not limited to financial applications and quickly set out to create a blockchain that could support more common computations.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 just surged to an all-time high, while Bitcoin briefly recovered from a recent slump – and a battle between the cryptocurrencies looks set to heat up in the next months of 2018. Experts believe the secure technology behind ethereum mean that this latest crytocurrency will win more financial support than its rivals.
Unlike bitcoin, ethereum allows developers to build applications on its network. The majority of initial coin offerings and other trading games are based on ethereum. Ethereum’s particular blockchain technology means that the currency is more naturally resilient to cyberattacks.
How to Get Started with Ethereum
1. Get Ledger Nano S Wallet – The most secure Ethereum hardware wallet
2. Choose from the best sites to buy Ethereum. I’ve selected the most popular & secure exchanges – reviewed and sorted by payment method
3. Buy Ethereum and save it to your Ledger Nano S Wallet
Ethereum Forecast 2018-2019
If you are looking for virtual currencies with good return, ETH can be a profitable investment option. Ethereum price equal to 1134.466 USD at 2018-01-08. If you buy Ethereum for 100 dollars today, you will get a total of 0.0881 ETH. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-06 is 4710.757 US Dollars. With a 5-year investment, the revenue is expected to be around +315.24%. Your current $100 investment may be up to $415.24 in 2022.
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Ethereum ETH 0xCa770fb72A51fe6688028fAB37250eFfec863E21