What is Ethereum,Price and future of ethereum

Ethereum in simple word it is also a cryptocurrency like bitcoin but beyond crypto feature it has much more potential. At current time it is the 2nd most cryptocurrency on coinmarket cap according to market cap rank.After bitcoin, ethereum gain more popularity because of its feature that differentiate it from bitcoin.

Let’s see what technology ethereum provide that enable it more popular

Today, our personal data, passwords and financial information are all largely stored on other people’s computers – in clouds and servers owned by companies like Amazon, Facebook or Google. Even this Readyzone article is stored on a server controlled by a company that charges to hold this data should it be called upon

This setup has a number of conveniences, as these companies deploy teams of specialists to help store and secure this data, and remove the costs that come with hosting and up time.

But with this convenience, there is also vulnerability. As we’ve learned, a hacker or a government can gain unwelcome access to your files without your knowledge, by influencing or attacking a third-party service – meaning they can steal, leak or change important information

ethereum has the goal of using a blockchain to replace internet third parties — those that store data, transfer mortgages and keep track of complex financial instruments.

With ethereum, servers and clouds are replaced by thousands of so-called “nodes” run by volunteers from across the globe (thus forming a “world computer”)

With the help of ethereum we can create smart contract

Smart contract

smart contract is just a phrase used to describe computer code that can facilitate the exchange of money, content, property, shares, or anything of value.

When running on the block-chain a smart contract becomes like a self-operating computer program that automatically executes when specific conditions are met.

Because smart contracts run on the block-chain, they run exactly as programmed without any possibility of censorship, downtime, fraud or third party interference.

Decentralize application

Ethereum enables developers to build and deploy decentralized applications.

A Decentralize application or Dapp serve some particular purpose to its users. Bitcoin, for example, is a Dapp that provides its users with a peer to peer electronic cash system that enables online Bitcoin payments.

Because decentralized applications are made up of code that runs on a block-chain network, they are not controlled by any individual or central entity.

Ethereum can also be used to build Decentralized Autonomous Organizations (DAO). A DAO is fully autonomous, decentralized organization with no single leader.

DAO’s are run by programming code, on a collection of smart contracts written on the Ethereum blockchain.

The code is designed to replace the rules and structure of a traditional organization, eliminating the need for people and centralized control. A DAO is owned by everyone who purchases tokens, but instead of each token equating to equity shares & ownership, tokens act as contributions that give people voting rights.

Price and future of ethereum

Lets talk about price and past and future of ethereum

According to coinmarket cap in 2015, 1 eth price was around 1$ and all time high price of eth was around 1400$ in jan. Now its price around 800$

According to market prediction and the new partnership we can assume that at the end of 2018 it can reach upto 5000$.


Please note that all the information author is giving only for information purpose don’t take it as financial advice before doing any investment do your own research

Here author also sharing a motivational video link if you want to invest in crypto see expert opinion on bitcoin and other crypto




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