Saturday, January 27, 2018

Investing Ethereum Will be More Profitable Because Prices Tend to Be Stable and Keep Climb

Investing Ethereum Will be More Profitable Because Prices Tend to Be Stable and Keep Climb - After falling far behind with Bitcoin, many people are now inclined to choose to invest in Ethereum, it is because Ethereum prices tend to be more stable than Bitcoin or other Alt coin, maybe many do not understand, so, we will start discussing it.


What is Ethereum?

Ethereum is actually very similar to Bitcoin. Ethereum is a public peer-to-peer network or a blockchain with its own digital currency called Ether. Ethereum was created by Vitalik Buterin in 2014 and Ethereum's goal is to be a platform where smart contracts can be created and run.


Investing Ethereum Will be More Profitable Because Prices Tend to Be Stable
Simply put, Ethereum's goal is to become the world's computer.

Bitcoin is more likely to keep a list. For different types of data. This data can be accessed and used by computer programs running in blockchain Ethereum. These programs are called decentralized apps, or dapps.

Developers worldwide can build and run decentralized applications on the Ethereum blockchain. The goal is to improve the financial industry, the storage of personal information, governance with various other uses by using the transparent nature of blockchain.


Where does Ethereum come from?

Ethereum was first mentioned in 2013 in a whitepaper by Vitalik Buterin, the developer who was working on Bitcoin at the time.

Buterin believes that Bitcoin should be made easier "adjusted". He believes that Bitcoin should be used further than simply as a wealth store and the smart contract feature can be used to automatically determine when payments are made, for example. This project is not for Bitcoin, therefore Buterin created Ethereum in 2014 for this purpose.

Ethereum is a pioneer of what is known as an initial coin offering (ICO), sold to an initial investor of about 60 million token Ether while the project is still under development. This is a great journey to develop and continue to promote the Ethereum ecosystem while paying fees for the legality and development sphere.

Since then, Ethereum has grown rapidly. Several other projects have been launched, and the development of the Ethereum platform begins, with varying degrees of success.


What is the difference between Bitcoin and Ethereum?

Ethereum and Bitcoin share many similarities. In this article, we will try to highlight the most fundamental differences between the two.

The biggest difference is the main purpose of this project.

Bitcoin aims to be a medium of wealth storage, digital gold, and ultimately a globally adopted currency that can repair or replace conventional money to some extent. Ethereum's goal is to be a platform that smart contracts and decentralized applications can use.

Another important difference is the amount. The amount of Bitcoin is limited to 21 million, but the number of Ethereum is not limited to a certain amount. Bitcoin and Ethereum are produced in a process called mining. There are plans to divert Ethereum production into a proof of stake model, which should be more environmentally friendly than mining. More information about this can be found at the link below.

There are some technical differences in technologies that support the Bitcoin and Ethereum platforms, but in the early stages of this project, they are more or less the same. As these projects will grow, the differences may become much more tangible and can affect the direction of their own goals.


What is Ethereum mining?

As mentioned earlier, we can see Ethereum as a large global cash system that stores the history of transactions (or 'money movements') from one person to another. When Ethereum transactions are processed on the Ethereum network - meaning Ethereum is being transferred from one person to another - one needs to make sure that all transactions are properly recorded and the cash system has been synchronized worldwide.

In the case of Ethereum, this process is not done by an individual or company, but by thousands of computers around the world connected to the internet. These computers are known as miners or 'miners'. Simply put, they are 'computers that process transactions'. To perform this processing in a secure way, the computers need to do complex calculations that make up enormous computing efforts, so it takes great energy and sophisticated specialized tools as well. Someone - the owner of these computers - needs to pay for these tools and electricity, so they have to get compensation from all the effort and money they spend to support this network. They get compensated through the recently mined Ethereum. The new Ethereum mined acts as a reward and incentive for those who contribute to systems that support the transaction process.

Another way to understand this is to imagine what happens when big banks build the world's largest global transaction processing system: they'll spend billions of dollars and charge a small transaction fee to users to cover the cost of building the system.


With Ethereum mining, the cost for this global system is divided into thousands of computers, and they cover their costs with the newly mined Ethereum. Long story short, this is the democratization of financial infrastructure.


Conclusion : 

Ethereum has been in existence since 2014 and until now has been widely used for trading by many people and registered in all markets, so ethereum is suitable for long-term investment and short-term, if you want to invest in this ethereum may require a fairly large capital, but can get a large enough profit, but if for short-term trading is not recommended for beginner traders.


Details About Ethereum(ETH) : 

Website : www.ethereum.org
Github : github.com/Ethereum
Max Supplay : ?
Type : Coin
Mine : Yes
Markets : All Market
Investing : Long Term and Short Therm