So. Now. We need to talk about the number one competitor of bitcoin. The ETHEREUM.
News Flash! Ether, which is represented by Ethereum is not a cryptocurrency. Yes! It is not a currency that you can use to buy coffee at your favorite cafe or staffs online. It is not use as money or medium of exchange. It is a "gas" (as described by Vitalik).
Ethereum is an "upgraded" blockchain of Bitcoin. They were equipped with Smart Contract.
So what is this Smart Contract? It is an execution and automation of "ifs or trigger". For example, every month you need to pay mortgage of your home, Ethereum blockchain can be set up automatically and will deduct money from your account monthly. And to execute that, you need "gas" which we called ETHER.
Bitcoin will be used by people as a currency. And imagine how big will be the demand for ETH if all in Enterprise Ehthereum Alliance (EEA) deploys its projects. More projects means more smart contract means more gas (ETH) they need.
Below are the big companies who are members of Enterprise Ethereum Alliance.
Below is the blockchain tech that central banks of the world are working on. Ethereum toppled down Bitcoin because of Smart Contract.
Big companies and governments are now challenging the Ethereum technology and Vitalik's team do not waste time to upgrade and cater the needs of those companies.
Oh one more thing! You see so many ICOs coming out. Right? Most of their platforms uses Ethereum. And some of those coins are not available worldwide, so why fret and be depressed? Buy the platform they are using. This is a tip! Yes you are welcome!
Do not be late in this big wave of change.
News Flash! Ether, which is represented by Ethereum is not a cryptocurrency. Yes! It is not a currency that you can use to buy coffee at your favorite cafe or staffs online. It is not use as money or medium of exchange. It is a "gas" (as described by Vitalik).
Ethereum is an "upgraded" blockchain of Bitcoin. They were equipped with Smart Contract.
So what is this Smart Contract? It is an execution and automation of "ifs or trigger". For example, every month you need to pay mortgage of your home, Ethereum blockchain can be set up automatically and will deduct money from your account monthly. And to execute that, you need "gas" which we called ETHER.
Bitcoin will be used by people as a currency. And imagine how big will be the demand for ETH if all in Enterprise Ehthereum Alliance (EEA) deploys its projects. More projects means more smart contract means more gas (ETH) they need.
Below are the big companies who are members of Enterprise Ethereum Alliance.
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| Enterprise Ethereum Alliance Members - members of EEA |
Below is the blockchain tech that central banks of the world are working on. Ethereum toppled down Bitcoin because of Smart Contract.
 |
| Types of Blockchain Tech Central Banks are Working With |
Big companies and governments are now challenging the Ethereum technology and Vitalik's team do not waste time to upgrade and cater the needs of those companies.
Oh one more thing! You see so many ICOs coming out. Right? Most of their platforms uses Ethereum. And some of those coins are not available worldwide, so why fret and be depressed? Buy the platform they are using. This is a tip! Yes you are welcome!
Do not be late in this big wave of change.
Note: Virtual currencies are very volatile. Study before invest.
Invest at your own risk.
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