The price of Ethereum has risen exponentially in recent years, and this growth doesn’t appear to be slowing down anytime soon, making it one of the most sought-after investments in the world today. Ethereum’s technology offers several advantages over Bitcoin, and it has already secured its place as the second most popular cryptocurrency in the world. If you haven’t invested in Ethereum yet, there are many reasons why you should consider doing so now! Read on to find out about the top 10 reasons to invest in Ethereum today!
1) What is Ethereum?
Ethereum is a platform and programming language that makes it possible for any developer to build and publish next-generation distributed applications. It can be used to codify, decentralize, secure and trade just about anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kind.
2) The Use Cases of 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.
3) The Enterprise Ethereum Alliance
The Enterprise Ethereum Alliance (EEA) is an industry-supported, not-for-profit established to build, promote and broadly support Ethereum-based technology best practices, open standards and open source reference architectures. EEA is helping enterprises match their internal business needs with the appropriate blockchain for their use case.
4) Vitalik Buterin, the Creator of 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.
5) Decentralized Applications (DApps)
Decentralized Applications (DApps) are opening up new possibilities for decentralized software. DApps are built on top of blockchain-based protocols that function without a central authority or government. This allows them to provide services without the need for a third party, not even the need for a middleman. The most notable example of this is with Bitcoin and its first application, Bitcoin: A Peer-to-Peer Electronic Cash System by Satoshi Nakamoto.
6) Smart Contracts
Ethereum’s smart contracts are an excellent use case for blockchain technology. Smart contracts are programs that can automatically execute and enforce the terms of a given agreement. These agreements can be anything from writing a will, taking out a loan, or making an investment. Smart contracts allow you to take out loans without needing lawyers and other middlemen because it is all done automatically. This makes them cheaper, faster, and more secure than traditional contract law because they cannot be manipulated by any one party.
7) Initial Coin Offerings (ICOs)
Initial Coin Offerings are a new way of raising money for a project. An ICO is similar to an IPO, but instead of offering shares, the company offers coins. These coins are used by the company’s platform or service. You can buy these coins before they launch and once they do launch, you can use them on the platform or sell them for profit.
ICOs are not regulated by any agency and this makes investing risky.
8) Governance
Ethereum is a decentralized public blockchain network that provides a single shared global infrastructure for people and businesses to take advantage of all sorts of technology that uses the Internet. The Ethereum Foundation is responsible for facilitating development and improvements to the protocol, managing funds, and providing education about how the technology works.
9) Scalability
Ethereum is a platform that makes it easy to create marketplaces, store registries of debts or promises, move funds in accordance with instructions given long ago (like a will or trust), and many other things that have not been invented yet, all without a middle man or counterparty risk. Since the invention of Bitcoin, we’ve seen new forms of value creation on the internet. We believe Ethereum may help us see new forms of value creation in society as well.
10) Sustainability
Ethereum is a public, open-source platform for decentralized applications. Developed by Vitalik Buterin, it was designed to provide a robust and universal set of fundamental blockchain technologies that can be combined with other innovations to create applications.
Building on the success of Bitcoin and other cryptocurrencies, Ethereum enables smart contracts and provides greater security than its predecessors.