Ethereum could freely be called a rising digital coin in the world of digital currencies. Slowly approaching the original digital currency - bitcoin, it quickly became the second most valuable method in the new payment system.
Since ethereum first appeared in 2015, its value has only increased in the previous year, and now amounts to almost $ 300. Ether is the second most valuable digital currency, after bitcoin, and is based on ethereum technology, which was first described by bitcoin programmer Vitalik Buterin back in 2013. He envisioned ether as a currency that would strengthen bitcoin, which, like bitcoin, would serve as a decentralized method of payment, its own cryptocurrency, which allows users to make anonymous payments online, without the need for a bank account, and any third party. Transactions are stored in a decentralized system, and can be viewed by anyone within the network.
Those who are in favor of this currency claim that it has certain advantages over bitcoin, which can make it more useful. Namely, ether allows so-called "blocks", evidence of cryptocurrency transactions, to be created much faster than with bitcoin, because of the check, admirers of this currency believe that it would be far more efficient in online trading.
The biggest advantage of ether is that the technology also allows computer applications to function within the network, which is important for the security of digital wallets. For example, if you upload some files to Dropbox, you believe that this platform will take care of them responsibly, but when it comes to a decentralized storage network, your trust applies to all those who use it, and have any interest in they maintain it, so some kind of control would have to exist. Ethereum has several applications built in, and the service is also used by startup companies, which exchange ether or other digital currencies for special "tokens" through which they gain access to the service.
The value of ether grew much slower than in the case of bitcoin, and in the first 18 months it amounted to 10 dollars. Then, in March 2017, it started to grow, and in June it climbed to 395 dollars, and then it dropped to 155, and recently it climbed to almost 300 dollars. The growth was also enabled by the interest in bitcoin, which aroused interest in all other digital currencies.
It is estimated that there are about 5.3 million digital wallets in which ether is stored, since the number has increased since May 2016, when it amounted to about 1.6 million. This currency, like other cryptocurrencies, is known for enabling anonymous transactions and protecting you from fraud and theft. Users can perform transactions of large sums, without paying fees, since a third party, like a bank, does not exist. It can be spent in a large number of online stores, with the help of credit cards for cryptocurrencies, and it can be kept in a digital wallet until the value of the currency increases, making the user significantly richer.
The value of ether is expected to grow in the coming months.
