INSUBCONTINENT EXCLUSIVE:
Bitcoin may be the widely acknowledged as the king cryptocurrencies, but there's a new kid on the block that's proving to be an
irresistible prospect on the market.Ethereum may have only entered the public consciousness back in 2015, but its decentralised Blockchain
capabilities have made it something of an overnight success that saw it trading at around $1,400 by the start of 2018.So how did Ethereum
become a crypto-based success story, and what makes it so popular We thought we'd take a moment to look at the rise and rise of the
of the decade before dreaming up his own version of a cryptocurrency with near-limitless potential.By 2013, Buterin's vision was refined
His intention was to create an alternative platform for any type of application that developers would want to build.Ethereum was set to
surpass the sort of financial use cases made possible by Bitcoin, making it easy to create smart contracts and self-enforcing code that
developers can tap for a range of applications.The excitement surrounding Buterin's white paper was palpable, and to get the project off
the ground, a crowdfunding campaign was set up in 2014 - where interested parties were invited to buy Ethereum tokens, or Ether, which acted
as shares in the project.The crowdfunder went on to become the most successful campaign of its kind at the time - raising over $18 million
One year later, Ethereum's first live release, Frontier, was launched, offering developers the chance to create their own decentralised
beauty of smart contracts is that you can set up a transaction based on a range of different conditions being met triggering when they
criteria.BitDegree.org note the example of buying a house as the perfect way of illustrating the power of the smart contract
Traditionally, the act of purchasing a property is dependant on multiple third-parties like lawyers and brokers, but thanks to smart
contracts, the ownership of the home is confirmed as soon as a predetermined condition is met
So the transaction appears as something like 'John transfers 200 ETH,' and once the payment is verified, John can rightfully claim ownership
of the house.Ethereum and blockchain current applicationsThere are already quite a few companies that already offer investors to take
ownership of real estate property by utilising the Blockchain platform in conjunction with Ethereum
from car dealerships, to real estate, to e-commerce - even freelance contracts can be drawn up that guarantees much better security for both
cryptocurrencies perform much different roles
with better applications and technology
superior technology is the pace of transactions with the cryptocurrency
With payments processed in seconds as opposed to minutes, the job of managing the transfer of money is much more seamless than through its
is still room for occasional bouts of human error
This is due to smart contracts' code being written by humans - leaving them open to oversights and bugs that could create adverse
broken code with the consent of the network's other users, but it's worth reiterating that it's ill-advisable to throw caution to the
Ethereum represents much more than a decentralised cryptocurrency
With cutting-edge technology and instantaneous water-tight transactions, it's seemingly only a matter of time before the new kid on the
startup that uses AI and Machine Learning to forecast web traffic, monitor vital metrics and set visual traffic
aims.nibWJ34HXW3vozPzWbFxcX.jpg#
