The rapid rise in value of the cryptocurrency ether is noticeable. Ethereum is the younger brother of the more famous bitcoin, the so-called cryptocurrency. Who bought bit coins a few years ago can now be rich. Is that the same for ethereum?
1. I only knew bitcoin, but now I suddenly hear many people about ethereum. What is that?
"Bitcoin was the very first, and ethereum of the so-called" second generation "cryptocurrency. They both work on the basis of blockchain, which is a kind of secure database for storing and selling your digital money. In addition, they are not really comparable, because each cryptocurrency has its own technology. " "The whole system of cryptocurrency, or cryptovaluta, is actually comparable to the internet from around 1992. Many people experimented, there were no browsers yet and people were happy with any email they received. Nobody still knew how to develop further. But you'll see that more and more people get interested and want to do something about it. "
2. How does ethereum rise in price?
"Until now, this cryptocurrency has steadily recovered after each setback, and thus grown. It came to market in 2016, and is more complex in use, but easier to use. There are now many companies and people who believe in ethereum, and that is important. As more and more companies stop money, the ethereum is doing so well. Just like on the stock market. It's all about trust. "
3. Everyone around me buys massive ethereum because their price has increased. Is that wise?
"I would never stop money that I really need in cryptocurrency because it has a very high risk. Trying a smaller amount is a better idea, and by experimenting you understand this form of cryptocurrency a little better. But stopping your savings, I would not do that soon. "
4. Can I invest better in ethereum or in bitcoin?
"That's not to be said. Because they are so difficult to compare, it really depends on your preference. Read in, find out what's behind and see what you believe the most. They are both super interesting, I think as an entrepreneur. "
5. With bitcoin you can now pay at Home Care. What can we do with ethereum in the future?
"At ethereum, it is the question of developing the same as bitcoin. Only when it's more developed, consumers get some marks, although a lot of things will also happen 'under water'. That is to say, it is likely that ethereum will soon help pay systems to run easily and without vouchers, but the average consumer will not realize that is due to cryptocurrency. "
"It is useful, for example, that the government can specifically associate an amount in ether with a particular expenditure. They then issue a kind of coupon that can only be issued to something very specific. You can consider it as earmarked money, which is reserved for example to be used for childcare. This is because of administrative burdens, because the citizen does not have to be declared a declaration that must be processed by an official. That's how it works more efficiently and faster. "