Is ethereum the future of cryptocurrency?

As you probably already know that Ethereum is the second most valuable cryptocurrency available out there. It has a market capitalization with a market cap of $16,025,666,855 USD. Also, this one is a blockchain based computing platform for the decentralized networks.

Even, it is called as a computer that you can never shut down. However, in case if you are interested to know about the Ethereum’s potential and Is ethereum the future of cryptocurrency or not, then I am here to help you out.

In this article, I am going to discuss Ethereum and its growth. So let’s just head into the topic without wasting much of the time:

Is ethereum the future of cryptocurrency?

Ethereum’s Blockchain Technology

Etehreums is a highly accessible blockchain system that makes it easy for developers to build and launch a diversity of exciting projects based on Blockchain technology. This includes crypto assets, decentralized applications, decentralized autonomous organizations, and so on.

This is also a developer friendly outlook, which is combined with the value of ether. Hence, it is one of the best choices for many crypto asset entrepreneurs and blockchain evangelists. Furthermore, the best part is that Ethereum can support other tokens.

As well as there are quite a lot of other blockchains are available which have smart contract programming language. But when it comes to Ethereum, it is a fast moving technology. And this is the reason why more and more people are using it.

Even a majority of Initial coin offerings or ICOs now launch on Etheremum. As ICOs begin bringing their products to market, it’ll mean more usage for Ethereum and more demand for ETH. Ethereum’s key advantage over Bitcoin is the sheer number of developers working on its platform.

Even, you should know the fact that there are more developers are working on Ethereum than some of the newer currencies or blockchain projects.

What Apps Are Running On Ethereum?

The simple idea is that any product or service which centralized can be decentralized easily using Ethereum.

This includes everything which is currently controlled by banks and big corporate. Like banking, credit payments, insurance, real estate, advertising, licensing, voting, government regulations, and so on.

Even the developers are busy in creating decentralized apps on the Ethereum platform. And their main goal is to change the way products and services are distributed and sold. As well as there are quite a lot of popular apps that are built into the Ethereum. Such as Augar, which is a decentralized prediction market that allows the users to forecast events and be rewarded for predicting them correctly. Etheria is a Minecraft-style virtual world where everything is for sale and so on.

Final Words:

Bitcoin might be the starting of cryptocurrencies. However, if we talk about ethereum, it has a lot of potential for growth.  The coin is backed by huge community developers, and more and more blockchain based startups are coming out these days. So we can say that Ethereum is the future of cryptocurrency.

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