Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: rahulkohali79 on November 27, 2020, 11:43:08 AM
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Ethereum empowered the blockchain’s adoption that transcended beyond the exchange of value via Bitcoin by deploying decentralized solutions in process management. Whether it was to mitigate complex documentation in the maritime sector or making the supply chain future proof, smart-contracts powered by Ethereum Network have made operations simpler for businesses. One could well say the cliche “ good going Ethereum,” but was that enough? Perhaps, the potent of the Ethereum Network was yet to be explored that DeFi or Decentralized Financing powered by Dapps brought it to the public after all.
That said, a 400% to 2000% jump in Etherum rates that started with $1 in 2015 shouldn’t surprise you now. If you are new to the cryptocurrency space, it is the right time to buy Ethereum in India since the DeFi market is exploding post the release of over 200 successful projects. Here are five good reasons to visit cryptocurrency exchange in India and invest in Ethereum or ETH. Let’s deep dive without any further ado!
Why Active and Passive Investors Must Consider Ethereum for Their Investment Portfolio in 2020?
A Potential Super World Computer
Smart-contracts, if anyone asks why? You can show them how Dapps have empowered the DeFi projects by bringing finance close to everyone without regulations using smart-contracts. The Dapps working on a secure Ethereum Network empower a host of functions from securing ownership and copyrights in ERC-777 Smart-Contracts to minting tokens powered by ERC-20 standards to acting like automated market makers. Using the Ethereum Network, a trustless, decentralized ecosystem can be established, which can help you to own properties, stocks, and valuables in other countries without going through a slew of compliances and regulations. The only requirement is a mobile phone and Internet connection to perform various operations from validating, listing to transferring value across the world.
Theory of Tokenization
At present, roughly 40 million people are aware of blockchain, its use cases in the form of digital assets. But in approximately five years down the line, blockchain is expected to grow at a CAGR or Compounded Annual Growth Rate of 67.3%, becoming a US$39.7 billion economy from US$3 billion at present. That being said, the theory of tokenization will be dominant, all-pervasive, and result-driven. Even the World Economic Forum has vouched for blockchain technology where almost 10% of the Global GDP will be stored on DLT or Decentralized Ledger Technology. As a result, it is not far-fetched anticipation that tokenization of everything will simplify operations and prevent economic loss. Whether it is saving the rights of artists, bringing transparency in real-estate, or verifying education certificates, land records, or luxurious goods, everything will move towards blockchanization or the theory of tokenization.
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