The potential applications of Ethereum are wide-ranging and run on its platform-specific cryptographic token, Ether. In 2014, Ethereum had launched a pre-sale for ether which received an overwhelming response. Ether is like a vehicle for moving around on the Ethereum platform and is sought by developers looking to develop and run applications inside Ethereum.

I think Steemit allows for currency mining as well, but it’s not the primary way to earn money. Every day, new Steemit currency units that are created by the network and distributed to the people who engage with the site. The more you engage, the more you get.

It is not easy to predict the trend of any market, especially for cryptocurrency. However, big moves like major financial institutions seem able to affect the marketplace. The co-founder of Fundstrat, Thomas Lee has said that Ethereum futures will have a negative impact on the price of cryptocurrencies.

It is important to note that it is not late to invest in cryptocurrencies. However, the fact is that we can’t invest more in Bitcoin because its price has already touched the sky. That’s why we have to choose the coins whose price is low and will increase in next couple of years.

Of particular interest was the ability for scientists to use distributed technology in analyzing the troves of data collected by spacecraft. It was also revealed then that future leads would be based on the Ethereum network as well as AI and deep learning technologies.

But the fact of the matter is that this bull market won’t last forever. Stock market corrections are a healthy and normal part of the investing process. Data from market analytics firm Yardeni Research shows that there have been 36 corrections in the S&P 500 of at least 10% since 1950. That equates to about one every two years.

 Well, the claim is that a decentralised currency is harder to manipulate by any one organisation or bank, since the control over the currency is spread on so many hands, meaning all the miners – and anyone can mine (at least if you can afford a GPU these days). That prevents banks or states from freezing your assets, for instance, which actually has happened, with Julian Assange and WikiLeaks being a prominent example. Such a asset-freezing simply isn’t possible to do to most cryptocurrencies.