Ether or Ethereum, the cryptocurrency of Ethereum Blockchain network is on a rising spirit. On 16 May 2017, Ethereum was priced around $90.
The prices continued to rise creating ALL-TIME new highs almost every day.
On 22 May 2017(publishing date) Ethereum was priced around $162, fetching 77.77% return in just 6 days. This is a huge return and Ethereum has already attracted investors worldwide. Ethereum was second most valuable cryptocurrency . But now it has slipped a posotion and is third most valuable after Bitcoin and Ripple. The change have been witnessed just two weeks back.
(Also Read:Top Ten CryptoCurrencies as on 21 May 2017)
Ethereum is fetching more Return on Investment as compared to Bitcoins.
Ethereum is an open source, blockchain based ,public platform featuring smart contracts. It provides a decentralized virtual machines or as it is technically called Ethereum Virtual Machine ( EVM) which is designed to execute those smart contract scripts by using an international network of public nodes.
Ethereum provies a token of value called “Ether” which is used by the participants in order to make/receive payments for the purpose of executing those contracts. In simple words, ether is a cryptocurrency in Ethereum network which is used to pay the network nodes for executing the transactions. Ethereum was considered for building decentralized application for different purpose. (Click here to read more about Ethereum)
As mentioned above, Ethereum or Ether is the cryptocurrency of Ethereum Blockchain network featuring smart contracts.
Smart Contract enabled blockchain solutions is gaining popularity worldwide. Organizations are starting to implement Smart Contract based blockchain solutions.
Ethereum Blockchain solutions is being considered as better than Bitcoin’s Blockchain solution. The smart contract enables to execute a contract on or after a particular occasion. Once the code for smart contract is written and implemented, it cannot be altered/modified or changed.
As Ethereum blockchain solutions are being implemented worldwide, Ether or Ethereum has to be used as a currency to implement the Smart Contract based Blockchain solution. This is increasing Ethereum’s popularity and thus it’s prices.
In simple word, if Ethereum Blockchain is a country, Ethereum or Ether is it’s currency. And only this currency can be used for transacting.
Ethereum’s polpuarity is increasing day by day. It also recently got featured in main stream cinema. Sillicon Valley, a TV series produced by HBO features Ethereum in it’s Season 4. The TV show focuses on the life of founders of a startup who are working on building a decentralized platform for Music Industry and here Ethereum was casted along side. (Read full article)
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