Undoubtedly, Ethereum is one of the most outstanding blockchain projects in the crypto space. This digital currency project is the brainchild of a crypto enthusiast – Vitalik Buterin. Buterin is the founder of Ethereum. Ethereum has been at the forefront of the development of many crypto projects in the market today. A lot of crypto projects that exist in the market today started on the blockchain of Ethereum.
Ethereum created a blockchain platform for individuals and firms to come into the blockchain space without creating their own blockchain from start. The start contract solution of the platform has also come in very handy. Ether or ETH is the native currency that runs the Ethereum network. The digital currency has also served as a great investment opportunity for many digital asset investors.
Many consider Ethereum as one of the best cryptocurrency to invest in 2019. The digital currency is highly relevant in the crypto space. As such, it has managed to hold the second position on the top cryptocurrencies by market cap, second to Bitcoin (BTC) – which is the first cryptocurrency to emerge in the crypto space.
Happy Birthday to Ethereum As It Turns 4 – Ethereum Price Prediction 2019 – Cryptocurrency News Today – Cryptocurrency Market Update
Ethereum has been in the crypto space for quite some time now. Today marks the fourth year since the crypto project launched. Ethereum was proposed back in 2013. However, the brainchild of Buterin came into existence on the 30th of July, 2015. Since, Ethereum has been keeping up with the pace, following Bitcoin (BTC) – the largest cryptocurrency in the world by market cap. Ethereum is a blockchain-based, open-source, a public distributed computing platform that features smart contracts functionality.
Ethereum is also a decentralized computing platform that gives developers and companies the freedom to make their own digital currencies known as Ethereum tokens. Ethereum has achieved a significant level of success over the past years. The project has amassed a lot of partnerships, deals, it has been listed on several top digital currency trading platforms, and it has been adopted by several businesses and merchants as a means of payment. The price of ether has also been somewhat impressive since its launch; the fundamental reason it is the second-largest digital currency by market cap.
Ethereum 2.0 to Bring a Finishing Touch to the Platform – Cryptocurrency News Today – Cryptocurrency Market Update
Amidst its successes, the blockchain platform has also had its issues. One of the major issues of the network is scalability. However, this issue will be tackled in Ethereum 2.0 – an Ethereum upgrade that is meant to add a finishing touch to the Ethereum platform. The update will bring about several changes on the Ethereum network and it will also boost the speed of transactions on the network and increase its security. At the moment, the block time of Ethereum is way faster than that of Bitcoin (BTC). The block time of Ethereum is 14 to 15 seconds while that of Bitcoin (BTC) is about 10 minutes. The cost of transactions on the network varies and it depends on certain factors such as the storage needs, bandwidth, and its computational difficulty.
Ethereum (ETH) Price Today – ETH / USD
At the time of writing, the price of Ethereum is down by about three percent, leaving ETH USD price at $207. The current market cap of the digital currency is $22.26 billion. The trading volume of the digital currency over the past twenty-four hours is $5.58 billion.