• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
  • Play GamesTry
  • BUY BITCOINTry
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Sponsored

Why invest in Ethereum?

Guest Author by Guest Author
3 years ago
in Sponsored, Trade
Reading Time: 3min read
ethereum
Advertisement
Nexo Logo
Listen to Article

Ever since the Ethereum platform launched in July 2015, its currency – also called Ethereum, or Ether – has been hugely popular among investors, because of its impressive transaction speed and widespread adoption.

It did not take long for the cryptocurrency of blockchain-based decentralized development platform, co-founded by Russian-Canadian Vitalik Buterin to be established as the second-biggest in terms of market capitalization. Ethereum sits behind only Bitcoin, the founding crypto that was launched in 2009.

Mr. Buterin was introduced to Bitcoin at the age of 17, in 2011, by his father. He became fascinated by the concept, and co-founded and wrote for Bitcoin Magazine.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

In 2013 the teenager traveled to Israel and worked with global investing and trading platform eToro to develop Coloured Coins, an open-source banking infrastructure for the future of digital money. It was during this trip that the youngster realized that programming language could deliver extraordinary functionality to the blockchain beyond mere currency transactions.

In November 2013, Mr. Buterin published the Ethereum White Paper that set out his desire to create a platform on which decentralized applications could be built. It was the most exciting development in the cryptocurrency world since the mysterious (and yet to be unmasked) Satoshi Nakamoto introduced Bitcoin. Ethereum, or the ‘Ethereum Virtual Machine’, was built as a decentralized computer network on top of which software developers could program any platform, and the network is fuelled by Ether (or ETH).

The Ethereum project managed to raise almost $20 million in July and August 2014, and when Ether was introduced, in July 2015, it was valued at $2.8 per token. By March of the following year it had hit $10, and as transactions on the Ethereum blockchain skyrocketed a raft of top organizations begin backing the crypto. The United Nations, Toyota, Deloitte, Samsung, and many others sought to take advantage of its enormously powerful shared global infrastructure. Before long its price reached $300, and Ether’s value peaked at $1,315 in January 2018.

There are many similarities between Ether and Bitcoin. First, they are both blockchain-based cryptocurrencies and can be mined by users around the world. There are some key differences, however. While the annual supply of Ether is limited to 18 million, Ethereum could theoretically continue to introduce fresh currency and make its supply unlimited. Conversely, Bitcoin’s supply is capped at 21 million – that mark is due to be reached in the year 2140.

Another big difference is the processing speed; Bitcoin transactions take around 10 minutes, whereas an Ether transaction takes only 15 seconds.

While Olaf Carlson-Wee, Founder and CEO of Polychain Capital, has predicted that “Ethereum’s price could surpass that of Bitcoin by the end of 2018” and Monkey Capital’s Daniel Mark Harrison reckons it will “likely be valued at over $100,000 by 2042” others are more cautious. Luis Cuende, co-founder of Ethereum-powered company Aragon, says: “Ethereum’s price will hit $1,000 by mid-2019.”

eToro, which boasts of having over nine million users, specializes in cryptocurrencies and offers many top cryptos – including Ethereum – to buy outright or trade.

Its motto is: “Cryptos Needn’t Be Cryptic.” And the eToro team has produced this handy video history of Ethereum to help inform investors:

Pros and cons of trading on eToro

Pros

  • Straightforward, user-friendly, trustworthy and experienced platform
  • Instant execution of trades, thereby locking in the price
  • Ability to use CopyTrader and other innovative tools
  • Huge cryptocurrency community that shares knowledge and helps each other
  • Fast execution
  • Regulated company

Cons

  • Only nine cryptocurrencies offered by the platform, currently
  • Users are unable to withdraw the cryptocurrencies directly
  • Users’ cryptocurrencies are held by eToro

Trading Ethereum is straightforward on eToro

Step 1: Go to www.etoro.com and press ‘Join Now’ to register

etoro, ethereum

 

Step 2: Once you have signed up, search for Ethereum

etoro, ethereum, ether

Step 3: Click on Ethereum and press ‘Trade’

etoro, ethereum, ether

Step 4: Choose either the amount or units to trade (by toggling the icon on the right-hand side) and press ‘Deposit Now’

Want to learn more about trading Ethereum and other cryptos? Visit www.eToro.com now, and join the online global community.

 

All trading involves risk. Only risk capital you’re prepared to lose. Past performance is not an indication of future results.
Tags: Etheruemetoro
TweetShare
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Guest Author

Guest Author

Related Posts

Folgory

A Debit Card for Your Coin with Folgory

2 days ago
Crypto Roundup: January 4th, 2021

Crypto Roundup: January 4th, 2021

2 weeks ago
crypto market analysis

Crypto Market Analysis: 4th January 2021

2 weeks ago
OWNR Wallet

OWNR Wallet Ends 2020 With the Launch of VISA Prepaid Crypto Card and its Own Crypto Exchange

2 weeks ago
BIG2.WIN: Play One of the Most Familiar Games in a Crypto Setting

BIG2.WIN: Play One of the Most Familiar Games in a Crypto Setting

2 weeks ago
yfdai finance, safeswap. yfdai launchpad

YFDAI Finance on Path to Push DeFi to the Limit, Starting with SafeSwap and Launchpad

2 weeks ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Changelly

Changelly

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

Introducing ethrift.io Non-Custodial FIAT Ethereum Gateway

January 16, 2021

SV-based Taraxa Revolutionizes Legacy Data Auditing With Mathematically Provable Audit Trails

January 15, 2021

Kickoff Your DeFi Journey With YOYO FINANCE – Their Token Sale Is Live

January 14, 2021

Newsletter Signup


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.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • What is Bitcoin?
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +
  • Play Games
  • BUY BITCOIN

© 2020 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.