Posted on May , 1 2018 at 12:00 PM
Ether (also know as Ethereum) is a cryptocurrency that first launched in the summer of 2015, It started with 11.9 million premined coins for crowdsale. Ether runs of a blockchain known as Ethereum. Vitalik Buterin is the creator of Ether, and he first suggested the idea of a common scripting language for cryptocurrencies in a white pages in late 2013. Failing to gain favor among users of bitcoin, Vitalik went of and created Ethereum, a common script, and block chain that can be used to created coins. The development of Ethereum Started in 2014, and was finished in 2015. Ether was then released later in 2015 using the Ethereum scripting language, and blockchain. Money was raised for the development of Ethereum by premining and preselling 11.9 million coin.11.9 million is thought to be 13% of the available coins on the market.
Like many other Cryptocurrencies Ether is an attempt at a decentralized currency running of a blockchain. As mentioned above Ether runs of a blockchain called Ethereum, developed by Vitalik Buterin. A blockchain is a system that allows Cryptocurrencies to run without a centralized bank. BlockChain is a decentralized ledger that stores transaction information among a network of nodes rather than one centralized location. When you purchase Ether your computer becomes a node in the Ethereum network.
This is more secure than a centralized ledger because all the information in not stored in one place. This concept was first created by Satoshi Nakamoto, the creator of Bitcoin, and many blockchain systems are based off the open source code created by Nakamoto. Ethereum the aforementioned blockchain used by Ether used the basic system blockchain, but modified it to act as a common language and system so it could be used by a multitude of coins.
Most Cryptocurrencies are trying to achieve the goal of being a decentralized currency system and Ether is one of them. However Ether like many coins has fallen short of that mark. Bitcoin is the largest and most popular coin on the market, and it is hard for smaller coins like Ether to compete with the much larger Bitcoin. There are not enough realtors that accept Ether as a payment to make it an effective currency. However the best way for you to utilize Ether is to use it as an investment. The exchange rate of many Cryptocurrencies including Ether is rather unstable and raises and falls much like stock on the stock market does. You can use this as an advantage by treating these currencies like a stock. You can buy Ether when the market is low and than sell when the market has risen again. This is the best way for you to use Ether. Due to low usability as a currency and the constantly changing market it is very hard to use Ether as a currency, but these factor make it an easy to use investment as long as you do it right
I am sure you're now wondering whether or not you should invest in Ether now. Ether is currently (at the time of writing) far below its market cap and and it rising so now would be a good time to invest. If you are reading this at a later time you want to look for similar scenario. It is good to buy when the coin is low and on the rise, and wait to sell when it is high. Ether is up there in the market with Bitcoin in the market so it is a fairly safe investment, My best recommendation is to buy when its low and wait to sell when it's high.
Price in USD :
Change in an Hour :
Change in a Day :
Change in a Week :