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.