Steem Crypto Challenge Contest: My Favorite Cryptocurrency: ETHEREUM |REVIEW|
After dropping my post on ETHEREUM yesterday, @gbenga commented that I need a little more research on Ethereum which I took time to go through. I discovered many more facts I didn't include in my last write-up. Hence, my review.
.jpeg)
History of Ethereum
Ethereum is an open source licence blockchain with smart functionality. It is the second largest cryptocurrency by market capitalization after Bitcoin. And like I pointed out in my previous post, the native cryptocurrency token of the Ethereum is called ETHER (ETH).
Ethereum was first proposed in 2013 by a 26 year old Russian Canadian Programmer and cryptocurrency. It was eventually developed around August 2014 by group; Ethereum foundation and a Co-founder in Gavin Wood (a British programmer). It was written in 6 programming languages (GO, RUST, C#, C++, JAVA and PYTHON).
(Source: Wikipedia)
.jpeg)
Splitting of Ethereum
In 2016, due to an exploitation of a flow in the DAO project's Smart Contract Software (i.e Decentralized Autonomous Organization) and subsequent theft of $50 million worth of Ether, Ethereum was split into two separate blockchains; Ethereum with the theft reversed and the original Ethereum changed to Ethereum Classic (ETC).
.png)
Present plan on Ethereum
Ethereum is planning to implement an upgrade called Ethereum 2.0 with specifications including a proposed transition throughout it's Technology.
.jpeg)
Transacting with Ether
Ether can be purchased and (or) sold through regular currency crypto exchange markets, PayPal etc but as far as I can tell, Ether is available in Nigeria through LUNO and BINANCE.
Present and Future Performance of Ether
Ethereum has been growing so fast since it was finally released in 2016. It has millions to Billions of investors from all across the world. Ethereum at the time of writing is priced @$517.44
(Source: binance.com).
Cryptocurrency is the future of online investment of which Ether stands a chance of peaking up to $710 in 2021. Ether has been attracting more investors based on the new developments in protecting and encrypting the coin.
With this evidences, I believe Bitcoin and Ethereum are the leaders of the future of online investments.
First of all, don't forget to share this wonderful article on Twitter and include a screenshot and link in the comment section of this post.
Then my remark is that Eutherum is a fast growing cryptocurrency that's definitely Worth investing in.
I checked the history of Eutherum since it's conception and I've seen how fast it has grown over the years.
#onepercent #nigeria
❤️❤️❤️❤️
Becky.
Thanks for the reminder. I'll do that right away...
Investing in Ethereum is one sure way to a large extent of ensuring your money is safe and you can make profit with the smallest risk
Thank you for taking part in the Bitcoin is Booming Crytpo Challenge.
Keep following @steemitblog for the latest updates.
The Steemit Team