NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

The Future of the Tech Startup: ETH Explained to Everyday Investors

Yashu Gola
Yashu Gola
4 years ago
3 mins read
ethereum dan fleyshman branden hampton

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Cryptocurrencies aren’t complicated. At least they aren’t supposed to be. They have a lot of benefits and do a lot of things: They reduce fraud and simplify contracts. They provide security from theft and, most importantly they decentralize wealth and make businesses transparent.

However, at first, many people didn’t understand the “how” or the “why” of cryptocurrency. People would invest in Bitcoin, but there was nothing much they could use it for – apart from some purchases in online stores and at a cafe or two in San Francisco.

Now, the ease-of-use and investability of cryptocurrency seems to be increasing. This is because the Ethereum platform, first introduced in 2013, makes cryptocurrency customizable to the specific needs of specific businesses. Companies built using the Ethereum platform can create custom cryptocurrencies that facilitate business growth. These cryptocurrencies are useful because of the companies they are linked to – and usefulness brings value to an investment.

There are plenty of reasons for an average person to invest in one of these currencies. It’s important to remember – investing in a cryptocurrency on the Ethereum platform is much the same as investing in a company, and these are truly the next generation of tech companies we’re talking about, representing the next wave of tech innovation. Companies utilizing Ethereum blockchain technology will build the world of tomorrow.

We will look at one such company later on to illustrate how this all works in the case of one Ethereum currency called PlusCoin. But first, an explanation of Ethereum:

What is Ethereum technology?

The first thing that needs to be understood about Ethereum technology is that it brings the blockchain to businesses – to startups and to companies. The blockchain is nothing more than an online peer-to-peer (p2p) list of transactions. This list makes things visible to everyone. Any kind of contract, be it a sale, a purchase, or another kind of agreement, is instantaneously and securely carried out because visibility means verifiability.

The Ethereum platform represents, in the most simplified sense, a new way to program the blockchain so that it can be used by any kind of software, and therefore by any kind of company, selling any kind of product.  Ethereum is versatile – it can do a lot of things – and it lets all types of companies do the sorts of things that make them money in a secure and transparent way.

Theoretically, any business could be made more transparent with integration into the Ethereum blockchain. For example, currently, Uber is a service where freelance drivers work to send money to a central office. This central office takes a large fee in order to make sure that the customer gets driven and the driver gets paid. If Uber integrated blockchain technology into their app using the Ethereum platform, a cryptocurrency (UberCoin!?) would be exchanged speedily and visibly. The process would be decentralized, costing the customer less money and paying the driver more. The central office would be made obsolete.

Uber isn’t likely to make this change but plenty of companies are. Let’s look at one great example of a startup currently integrating Ethereum technology:

Ethereum Technology in Action

DS Plus is an example of the kind of tech company that exists to change things for the better, and the guys behind it found the best way to do this was with the Ethereum platform. They realized that their marketing clients would benefit from blockchain technology since it allows for instantaneous and secure transactions. Enterprises, using their application. can offer promotions based on instant refunds – cashback. This kind of promotion increases revenues exponentially, and is only possible with blockchain technology.

As such, their team created a cryptocurrency, called PlusCoin, on the Ethereum platform, and made it function as a token on their mobile application. Pretty soon, their marketing platform will turn into a full-force marketplace, where goods and services can be purchased, completely bypassing fiat currency. This is just proof that any company with a mobile application can innovate in their own way with the Ethereum platform.

Cryptocurrency is the future of tech startups

It looks like more and more businesses and going to switch to the blockchain model, and surely more Ethereum-like platforms will be developed to facilitate this shift. One fairly accurate analysis would be, however, that cryptocurrencies on the Ethereum platform make for good investments because they guarantee revenue and innovation.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Dogecoin price news

The $1 Dogecoin Dream Is Alive: Chartist Lays Out Parabolic Scenario

The improbable $1 price target for Dogecoin has returned to the spotlight after independent crypto analyst Cantonese Cat (@cantonmeow) shared...

Jake Simmons 1 hour ago

L’ultimo Rally di Bitcoin è Sostenuto da un Potere d’Acquisto più Forte: Report

I dati del Bitcoin Stablecoin Supply Ratio suggeriscono che oggi gli investitori hanno un potere d’acquisto più forte rispetto al...

clararosati 2 hours ago

2025年Bitunix限時加密獎勵攻略:註冊、入金、交易三重紅利8月前一次領

身為全球領先的加密貨幣交易平台,Bitunix正展開一波史上最強的專屬獎勵活動,從3月18日一路持續至8月20日,為廣大交易者提供前所未有的收益加速機會。 在這段限時期間,您可透過註冊獎勵、首筆入金回...

Peter Chow 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Solana

Solana Whale Moves $152 Million In One Splash—What’s Going On?

Christian Encila 23 minutes ago
$SNORT

ChatGPT napoveduje 10x rast žetona Snorter

tanjapotocnik 1 hour ago
DOGECOIN

Dogecoin cena gre še višje, TOKEN6900 bo eksplodiral

tanjapotocnik 1 hour ago

Premium Sponsors

Press Releases

  • 仮想通貨おすすめ|米下院が大型法案可決、7月4日にビットコインが急騰

    ...

    17 minutes ago
  • ミームコイン急騰中|Solana発の人気銘柄続々高騰、新たな注目トークンも登場か?

    ...

    36 minutes ago
  • Dự Đoán Giá Fartcoin: Meme Coin Tiềm Năng FARTCOIN...

    4 hours ago
  • CertiK Validates FUNToken’s

    CertiK Validates FUNToken’s Smart Contract Strength With...

    4 hours ago
  • Explore Potential Coins

    Peter Thiel của PayPal Hậu Thuẫn Ngân Hàng Crypto...

    4 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.