Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
Ethereum is how the Internet was supposed to work.
Ethereum was crowdfunded during August 2014 by fans all around the world. It is developed by ETHDEV with contributions from great minds across the globe.
Official Website – https://www.ethereum.org
Official Bitcointalk thread – https://bitcointalk.org/index.php?topic=428589.0
Total coins: Unlimited
Main idea: Ethereum is not just an altcoin but more of a blockchain service with ‘ethercoins’ working as the fuel
Innovative Rating: 5/5
Technological Standing: 5/5
Safe to invest? 4/5 Yes
(At the moment, the price has skyrocketed and thus it is advised to invest at your own risk)
Trustworthy? 5/5 Yes
Current standing: 4.5/5 Very Good
Future standing: 4/5 Good
Ethereum has been indicated as the fuel that drives Bitcoin’s dreams further.
It is similar to other metacoins (altcoins) in the fact that it is mined and traded on exchanges and pools. However the fundamental ideas behind this project is exclusive as compared to other altcoins.
Ether-coins are used to fuel the ethereum blockchain in which its purposes are as diverse as contracts, derivatives, custom currencies, and filesharing.
It is a blockchain service that empowers users to write contracts, create their own currencies, and share files between one another.
Why is this such an innovation?
If you are a fan of democracy, you would not be surprised with how ‘bitcoin’ has revolutionized the financial world with its decentralized platform.
Now, just imagine a platform for everybody.
A platform that can be used to identify who owns what (just about anything) in this world,
a platform that can be used to instantly share your own copyrighted or intellectual files (perhaps photos or videos) and get instant quotes about who has been viewing, using, sharing the files.
It not only simplifies the process of making your files copyrighted, but also revolutionizes the way we just about do anything online.
Nowadays, popular Youtube stars earn commission with their well-made videos.
Well, perhaps think of a platform where we could be earning real money just by sharing our own individual photos, videos, writings etc.
All these sort of platforms CAN be built on the ethereum blockchain and this is what makes ethereum project so special.
Many companies are driving their innovations through this blockchain and are ready to be in business within 2-5 years from now.
Microsoft has included the ‘Ethereum’ project in their projects and quoted,
“We like to search for new innovative ideas and Ethereum has been the best one yet since our research”
The price of ethereum has skyrocketed since December 2015, prior to its official launch of various projects built on the Ethereum blockchain.
Although one of its main developers (Gavin Wood) left the project on December, the price of ether coins were firmly supported by buyers.
This could well be due to the fact that Gavin Wood left the Ethereum project to develop another project ‘based’ on the ethereum blockchain.
The future of Ethereum seems to be bright but we still need at least 2-3 years from now for it to ultimately position itself as the BaaS(Blockchain as a service) project.
Working alongside Microsoft, we are more than confident to state that Ethereum is indeed one of the most innovative altcoins (project) out there.