What is the value of Ethereum cryptocurrency? Bitcoin is often referred to as a financial bubble, referring to the fact that it is not backed by anything. It’s a moot point, but similar statements about Ethereum are hard to find. Why?
On February 28, 2017, it was announced the creation of a non-profit organization Enterprise Ethereum Alliance, which is now studying the possibilities of using the Ethereum blockchain for corporate needs. But pay attention to the composition of the members of this alliance! It includes Intel, Microsoft, J.P. Morgan and several other large technology companies and financial institutions.
Why is this important in terms of the value of Ethereum?
The fact is that not only the crypto community is interested in the existence, practical application and development of the Ethereum platform, but also a huge army of network users. Moreover, these very users include giant companies with colossal capital.
Access to blockchain resources is not provided free of charge: you have to pay a commission for each operation. It is measured in units of gas (gas). All computing operations have their own fixed rate depending on the complexity. But you need to pay for this gas in ethereums, and the cost of each unit of “fuel” is set by the user himself. The higher the execution price of a smart contract, the higher its priority and processing speed.
How do I buy Ethereum?
For fiat money, this cryptocurrency can be purchased:
· Through an online exchanger. The key advantage of this method is simplicity, and the main disadvantage is not the most profitable course.
· On a P2P platform such as localethereum.com. We are talking about buying coins directly from the owner through a service that acts as a depository and arbiter. If the seller turns out to be dishonest, the platform will ensure the fulfillment of his obligations. The security of the transaction is accompanied by the ability to find an offer with a fairly profitable coin rate.
· Using a Telegram bot. Services like Change Bot work in the same way as P2P platforms.
· On a decentralized exchange. This is the only place where you can buy cryptocurrency at the market price, although you shouldn’t forget about the platform’s commissions. You can sell Ethereum on Livecoin or EXMO and exchange btc to xmr.
What cryptocurrency to invest in?
Studying the current cryptocurrency quotes is the main task of the investor. It is also necessary to take into account the reliability of “digital gold”. At the moment, you can easily get into a difficult situation with fake currencies, which are carried out by companies and are more like a financial pyramid. Verified cryptocurrencies:
1. Ethereum has shown steady development since its inception. Among the bonuses for users is the ability to independently generate blockchain applications for financial transactions. The advantage of cryptocurrency lies in the absence of intermediary companies, this reduces the risk of theft of the invested amount of money. Ethereum users also have the opportunity to create casinos and bookmakers. In the future, according to forecasts of experts, the cryptocurrency will grow by 10 times.
2. Bitcoin is one of the most liquid cryptocurrencies. Investors received more than 120% per annum during their investment. This is especially true for long-term investments from 5 years. Of course, investing in 2012 can be fantastic rewards today. Investing in Bitcoin is easy through a special wallet, which gives you access to one of the Bitcoin platforms.
3. Monero has the main advantage over other cryptocurrencies, it is the anonymity of users and transactions. There are also downsides: the currency is very popular on the black market, as the transfers of funds cannot be tracked by law enforcement agencies and others.