Ethereum: this is how the cryptocurrency works that rivals the bitcoin

With a growth of up to 10,000% in 2017, Ethereum laid the foundations to become the second most important cryptocurrency market. Ethereum's technology outperforms bitcoin technology: this project has reinvented the use of the "block chain" by introducing intelligent contracts. Its innovation makes it one of the most interesting bets to invest in the future.

It was launched in 2014 through an initial currency offer (ICO), a form of collective financing for projects associated with digital assets. Since its launch, Ethereum has produced an investment return of more than 375,000%, according to the data registered in ICO stats. This almost unstoppable growth has been the result of a massive adoption of Ethereum technology and an exceptional reception of the market.

How Ethereum works
Ethereum's proposal radically changes the rules of the game: it uses the decentralized concept of the "blockchain" to create a sort of programming system through intelligent contracts. The integration of this algorithmic modality in blockchain opens the door to the development of thousands of practical applications.

In addition, the Ethereum hash test function is very robust, narrowing the security breaches and improving the mining process. The mining nodes are those that receive a benefit for maintaining the network of a cryptocurrency. These fixed rewards are a controlled way of issuing cryptocurrencies over time. Any person with computational resources can contribute to the mining of a digital currency and Ethereum is one of the most profitable in this sector.

Invest in Ethereum: what alternatives are there?
We have already mentioned the option of investing by mining Ethereum. But there are other simpler ways to bet on the technology of this giant. One of them, of course, is buying your cryptocurrency: the ether. There are hundreds of sites that allow you to obtain and store ethers in a digital wallet. These purses have a unique Ethereum address, analogous to a personal account number.

On the other hand, there are contracts for difference (CFD). This service is offered by regulated brokers and is invested in the possibility of the price changing, without obtaining the cryptocurrency as such. Thus, it becomes a more attractive option for beginners. For tips and instructions, visit the following guide, prepared by Coinlist, which explains in detail how to buy Ethereum. This portal provides analysis and informative guides that can help clarify other questions about cryptocurrencies.

Ethereum: a powerful tool for emerging companies
Another more abstract way of investing in Ethereum is using your technology to develop an idea. Those more "geeky" also have the opportunity to use the Ethereum network as support to develop their own IT project. Individuals with an entrepreneurial spirit who possess programming and computer skills can create their own cryptocurrency based on Ethereum technology.

In fact, almost 40 cryptocurrencies based on Ethereum are already circulating in the market. Monaco, Storj and Golem are some examples of success. Another 300 projects that use the Ethereum network compete to finance their projects through an ICO.

Market correction: a golden opportunity
As they are decentralized and unregulated assets, cryptocurrencies have an intrinsically volatile value. After reaching a maximum of $ 1432, the Ethereum has fallen more than 35% during the severe market correction that continues to affect cryptocurrencies.

In the midst of panic and nervous sales, some experts take advantage to buy "cheap", with the expectation of increasing their profits. The uncertainty at the end of the "bear season" is still latent and it is difficult to say when there will be a consistent price rebound. However, several precedents have shown how extraordinary these reversals can be. Thus, Ethereum is at a crucial moment and it is better not to lose sight of it.

Ethereum is probably one of the most promising projects in the field of cryptocurrencies. It is not only the price of ether, but the importance it has brought in terms of innovation and technology. Its institutional support is unprecedented and certainly indicates the potential of Ethereum. Large companies such as Intel, Microsoft, BBVA and Santander have helped the Ethereum revolution.

The goal of the 2000 USD is the next milestone to reach and many analysts say that the Ethereum price will reach this figure comfortably in 2018. Others are even more optimistic: Kay Van-Petersen assured CNBC that this cryptocurrency would end up surpassing the bitcoin this year .