Recently, many skeptics of cryptocurrencies have began to view Bitcoin and other altcoins as a serious investment.
However, some critics are still warning people against digital currency, calling Bitcoin “the most dangerous global scam in 20 years.”
They believe that cryptocurrencies aren’t worth all the hype.
They think that the price of Bitcoin is going to crash hard…and that when it does, investors who backed it will have already cashed out safely.
This belief stems largely from the fact that Bitcoin isn’t directly backed by any kind of government or bank.
But does that mean that Bitcoin and other cryptocurrencies are an unsafe investment? Or is decentralization what makes cryptocurrency so great?
Are Bitcoin, Ethereum, and other Cryptocurrencies just a bubble waiting to burst?
In this article, we’re going to find out.Read More
You’ve heard about Ethereum, but you’re not quite sure what to make of it.
How is it different than Bitcoin? How does the technology work? And most importantly, is it a good investment?
Cryptocurrencies continue to creep more prominently into popular media and the public consciousness. Bitcoin is at the forefront of the industry, and is at the forefront as always.
Most people have a very rudimentary knowledge of Bitcoin as a currency, but very few have any understanding of Ethereum.
So are they (and you) missing out? That’s still up for debate.
There is plenty to know and admire about Ethereum. It could pave the way for technology in the future. Major influencers in the technology space have seen the tremendous value Ethereum’s underlying premises offer.
It not only provides an alternative cryptocurrency to Bitcoin, it opens up the opportunity to build applications that improve efficiency and reduce costs across industries.
Ethereum enables the use of “smart contracts,” which is changing the face of multiple industries through its many applications.
We’ll cover exactly what this industry-disrupting technology does in a minute. A brief summary is that these smart contracts allow you to set up automatic transfers, payments, and escrows with Ethereum.