Hii freinds
Well 2017 is a big year for Bitcoin with its hghest price ever.
Well this is another cryptocurrency Ethereum which growing fastly.
According to a brief unscientific survey of the Mashable offices, it appears that approximately no one outside the cryptocurrency loop knows what Ethereum is.
what is Ethereum?
Ethereum is a decentralized application that supports a cryptocurrency, or digital currency, just like Bitcoin. You can pay for things online, and buy and sell anywhere that accepts it.
But there's more to Ethereum than there is to Bitcoin. The cryptocurrency, called ether, runs on a smart contract.
The smart contract means that you can use Ethereum besides payment for more something.
Things are possible with Ethereum that aren't imaginable with any other technology today
The smart contract could even replace lawyers, CEOs and companies.
"You don't need to have Uber, the company, anymore," said by a Ph.D. student at Stanford who studies cryptocurrencies. "You could have the Uber contract handle the money and do the payouts."
Ethereum use now?
Investors and speculators are still focused on building new applications — not on introducing Ethereum ATMs.
** Price of Ethereum vs Bitcoin? **
A single Bitcoin is valued at $1,225 whereas Ethereum was valued around $40.
**What are Ethereum achievements? **
Developers have used Ethereum to build apps that take advantage of its smart contract technology. A few cool ones support microfinance, build virtual worlds and prevent identity theft.
**Is Ethereum the only alternative to Bitcoin? **
No, but it's the best one. Ethereum is the only one that comes with a totally different set of advantages because of its smart contract.
Besides that, everything else is pretty much just like Bitcoin.
**What are the risks of Ethereum? **
If something were to go wrong with Ethereum's smart contract, it could be really bad. The program wouldn't just crash — it could wipe away money with no way to get it back, since an if:then command could go through and would be irreversible, Bunz said.
The chance of that happening is pretty low, but it's still a scary prospect.
During a recent three-day stretch in March, the price of Ether doubled and has been all over the place since.
Ethereum's main quality right now is that Cryptocurrency believers say that the technology could replace Uber and a variety of other services.
Please comment what u think?
