Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Topic started by: sulphur007 on April 08, 2020, 04:09:35 PM
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Ethereum is an open-sourced, public blockchain that replaces internet third parties, such as servers and clouds, with nodes run by volunteers. Most people store their data on sites like Amazon, iCloud, Google Drive, and so forth, but some people have a problem with the fact that they have no control over their data. Ethereum has solved this issue by creating a democratized platform, allowing people to keep track of their information. In short, it functions as a decentralized app store and internet!
There are so many cryptocurrencies that people do not tend to pay much attention to. Investing in these cryptocurrencies would bring about maximum profits and also would bring less worries in the fluctuations of their prices as they have really stable prices. Cryptocurrencies like ripple,monero,dash,binance coin,bitcoin cash,bitcoin sv, litecoin,ethereum and so many more can be invested on the platform (www.forex #spam,io) where you get from 25% to 100% ROI on whatever is invested.
What is ETH stock?
While this may sound great, you have to understand that there is no such thing as a free lunch. Ethereum needs money to run. The way it gets it is by selling ‘Ether’, which is the code the system uses to run its applications and programs. If you want to run applications on Ethereum or do anything else on the platform, you will have to buy ETH.
The good news about this is that it presents a great investment opportunity for those looking for ways to grow their wealth. Unfortunately, you cannot buy Ethereum stock and hold onto it the way you buy shares in a company; however, tools that allow investing in cryptocurrencies in a similar way as it is in stocks start already appearing. For instance, the Ethereum exchange traded product (ETP) recently appeared in Switzerland.
The more people using the platform the better because it will drive up the value of the coin in which you have invested. Later on, you can sell it and convert Ethereum to USD. A lot of people all over the world have made fortunes doing this, and if you are wise about how you invest your money, you can enjoy success in this sphere, too.
The Difference Between Bitcoin and Ethereum
People who are new to the sphere of cryptocurrency, and don’t know how to buy Ethereum stock, often think that all currencies are the same. While there certainly are similarities between them, each one of them is different. The main distinction between Ethereum vs Bitcoin is that Bitcoin is an alternative to money, meaning you can use it as a medium of exchange as you would a dollar or euro. Ethereum goes deeper than that, offering its users a platform upon which they can build applications and use smart contracts in their dealings with other users.
Another big difference between Ethereum and Bitcoin are the prices between the different currencies. Bitcoin is currently valued at $5,247 per coin, while Ethereum’s value is $173. It is difficult to tell what option is the best to invest when choosing between these two. Beginners wrongly assume that that one with low cost is better. Yet, this does not reflect the actual situation. Any cryptocurrency can be divided into smaller fractions, which investors can also buy.
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But for me, Investors can certainly make a good choice to invest. If other people doubt Ethereum, but I'm optimistic Ethereum is a good Crypto coin to invest in and has a good future too.
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Pros and cons of course there is, but in choosing an investment that depends on the choice that you believe can benefit you, and that's why you have to be really smart in choosing.
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i think this another interpretation of ethereum. i don;t think ethereum serves as a platform to store data but it is a platform that allows you to host applications. this known as decentralized application. it allows users to create and run applications on the blockchain. i think this is what ethereum offers.
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One of the pro of ethereum in a simple term, is that it is an open system,this is a good advantage of this blockchain. Everyone can participate in this project which makes it possible to further develop the ecosystem and improve it.
One of the disadvantages of ethereum platform is it's possible breakdowns in the system if there is plannad upgrade of the platform to a new level. The blockchain will have to switch from Proof of Work to Proof of Stake. It is not easy to switch the system so quickly . Any plannad upgrade or changes that does not go smoothly, can cause the system to crash.