An introduction to the Ethereum framework,

This article is an introduction to the Ethereum framework, and its cryptocurrency Ether, for beginners.

Ethereum substantially differs from Bitcoin due to its much broader use case, being essentially a platform to execute smart contracts.

It is therefore also a play on blockchain in general and on the internet of things.

Being the no. 2 cryptocurrency by market capitalization, it is certain to be included in passive cryptocurrency products soon to be launched, generating incremental demand.

While it is a long-term play, interested investors may therefore want to start building positions now.

Ethereum priceVirtually everybody not living under a rock is by now aware of the existence of Bitcoin (“BTC”), the biggest cryptocurrency, with US$100 billion total market value as of the time of this writing, although probably a majority of people has no deep understanding of what it is and how it works, as evidenced by remarks such as those recently made by the CEO of a major global bank. The set of people familiar with Ether, the No. 2 cryptocurrency by value (currently US28 billion), will be significantly smaller, with even fewer people understanding its workings, specifically the Ethereum framework of which it is a vital part. This article sets out to provide a brief overview of Ethereum, including discussion of a potential valuation framework. Based on the underlying fundamental attractiveness of Ether as well as the fact that its inclusion in soon-to-come passive cryptocurrency investment products is virtually guaranteed by its no. 2 status by market capitalization, investors may well consider starting to accumulate a position.

Source :

seekingalpha

About Tim Johnson

Writer, PAB Dicuss - Tim is an electrical engineer with years of passion writing for subjects that target or approximately do, his field of study. Now he is a full time writer for the team of PAB Discuss.

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