Top three Power of Etherum and why to invest in it.
- It has more applications than Bitcoin.
Ethereum is written in turning complete code language. For a computer to be turning, it must be capable of running any algorithm. Because of turning complete language any script can run on Ethereum. The Ethereum blockchain records things more rapidly than the bitcoin-processing transition in 12 seconds.This makes the Ethereum blockchain the best network to support any business or program.
- Backed by fortune 500 companies.
Back in February, multiple major companies — including dozens of Fortune 500s — decided to collaborate on furthering the Ethereum network technology, with the goal of incorporating it into their businesses. This group includes companies like Intel, Microsoft, J.P. Morgan, BP, and Thomson Reuters.
These companies don’t take risks lightly. They have maneuvered their ways to the top through brilliant executive decisions and continually developing business models.
Ethereum spiked sharply after the EEA came public, touting big names like lollipops for hungry investors.
These companies want Ethereum for dozens of reasons. They want the blockchain for its speed and efficiency. But they also want the Ethereum network for its ability to execute smart contracts.
For those of you unfamiliar with smart contracts, it's a contract in the code that dictates action.
- Being Incorporated by Financial Institutions.
No digital currency is as well-positioned as Ethereum to be adopted by the masses.
And this adoption starts with the institutions that digital currency could potentially destroy: banks.
Bitcoin is a bit of a villain in the banking community. It poses a threat to our current monetary system — a threat that gives it a lot of value in the eyes of many individuals.
But banks are looking kindly on Ethereum, which will allow them to thrive in our increasingly digital world.
Bank of America is the first financial institution to work with the Ethereum blockchain. The company premiered an Ethereum-based application that will help customers secure their transactions.
This application was created with the help of Microsoft, with the goal of speeding up mainstream adoption of Ethereum technology.
The application packages customer information into blockchain packets that can only be accessed by the private parties involved in the transaction. This prevents the information from being emailed out, eliminating multiple privacy concerns.
Ethereum’s ability to secure our finances is phenomenal. But both Bank of America and Microsoft want the application to be more than a security resource. It has to be a pioneer, winning the trust of the public.
This will be one of the first Ethereum-based applications that everyday consumers will interact with.
Technology adoption happens slowly and often without consumers knowing it.
When consumers upgrade their MacBooks or buy new iPhones, they are being guided by Apple to adopt new technologies. A similar thing will happen with Ethereum blockchain, which will slowly be incorporated by big companies and then trickle down to their clients and customers.
But big companies that push mass adoption will give Ethereum a leg up on other technologies.
And investors should take note that Ethereum is the only technology being incorporated by major institutions — even though these corporations have had more than 10 years to collaborate with Bitcoin. That alone assures Ethereum's long-term profitability.
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Great post and explanation of some of the benefits of ethereum.
I has some in my portfolio and am holding onto long term.
I followed you.
Thankyou for your comment.
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