Jude Omoregie

The Future Of Ethereum One of the biggest cryptocurrency stories to watch in 2021 will be Ethereum. At one point this year, its price had risen 8,500% on huge volume, catapulting it into second place behind Bitcoin on CoinMarketCap.com. This has led many investors to question what's so special about Ethereum and what's the future of Ethereum? To date, several different predictions have been made on the future of Ethereum, the world's second-largest cryptocurrency by market capitalization. A report from Reuters states that Coinbase co-founder Fred Ehrsam predicted that Ethereum will experience a "flippening" of sorts - a phenomenon where Ethereum becomes more valuable than Bitcoin. In his view, this could happen as early as 2023. As the smart-contract ecosystem continues to grow and evolve, Ethereum has been one of the leading blockchain networks - with a market cap of over $520 billion. As its price climbs, many are wondering what the future of Ethereum will look like in 2021 and beyond. The Ethereum Platform A well-known cryptocurrency, Ethereum is a decentralized open-source computing platform that can be used to build and execute smart contracts. Ethereum is the world's second most famous cryptocurrency after Bitcoin. The technology was conceived by Russian-Canadian Vitalik Buterin in 2013 and uses blockchain to track ownership of the cryptocurrency. It has been experiencing significant up-take since then. Ethereum is a blockchain platform that runs smart contracts: applications that run exactly as programmed without any likelihood of downtime, fraud, censorship, or thirdparty intervention. These apps run on a custom-built blockchain, an extremely powerful shared global infrastructure that can move value around and represent the ownership of digital assets. The most important feature of digital assets, such as cryptocurrencies and crypto tokens, is their interactivity. By enabling token holders to easily transact with each other and use the underlying blockchain technology, Ethereum empowers people to cooperate and build amazing new things. A token called a "Utility Token" is a token, a digital asset designed to operate on a platform rather than traditional equity. It is a means of exchange for access, consumption, or payment in a specific application. Ethereum is a blockchain-based decentralized app platform. It uses the Ethereum Virtual Machine (EVM) that handles computations that are untraceable, transparent, and irreversible. Ethereum Is Changing The World What would the world be like if we relied on our governments to protect the internet and keep us accountable? How does that question sound to you, or do you even care? The blockchain startup Ethereum predicts that we would lose our freedom and privacy if this were to happen. They've made it possible to run a blockchain application in any country, and even in many different jurisdictions in the same country. In 2013, Vitalik Buterin wrote a white paper that explained how Ethereum was going to change the world by providing a platform where anyone could build unstoppable applications. Since then, Ethereum has been used for everything from issuing college diplomas to creating tamper-proof IDs for refugees. Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. Ethereum has opened the door to new possibilities for not only currency but also its impact on everyday life. With Ethereum you can create a contract that will automatically execute when certain conditions are met. Ethereum's world-changing innovation lies in the method of execution. A contract in Ethereum is run by a Turing-complete language processor called the Ethereum Virtual Machine. One of the most essential features of Ethereum is the capability to process thousands of transactions per second. Is Ethereum Worth Investing In? To answer the question of whether or not Ethereum is worth investing in, one must first understand what Ethereum is. Ethereum was launched in July 2015 to act as a platform for decentralized software (apps) and smart contracts. The cryptocurrency coin, Ether, is used to pay for transaction fees and services on the network. However, Ethereum's ETH token is also the second most valuable coin in the industry, behind Bitcoin. The value of Ethereum is something that investors are always watching. Because of the growth in popularity, there is some worry that Ethereum will become too expensive to invest in. However, because it can be used to run apps and even hold Etherium coins, more people are interested in investing in this digital currency. Ethereum offers something no other digital currency does: apps. Because of the popularity of Ethereum, it's become more expensive to invest in this cryptocurrency. It has recently been touted as an unprecedented technology that could bring about a new wave of the digital revolution. With Ethereum, developers can now create robust and complex applications called "smart contracts" which run on a custombuilt blockchain. Many see Ethereum as a cheaper, yet powerful version of Bitcoin. Final Thoughts Having experienced a boom in popularity since 2017, Ethereum technology continues to set the pace for the cryptocurrency world. Ethereum is an open-source blockchain-based platform that operates on smart contracts, or software that contains detailed instructions of an agreement that once programmed will then execute itself. This Ethereum technology has paved the way for applications to be run through blockchain on the internet.