Ethereum is an open source public blockchain platform with intelligent contract function. Mainly through its dedicated cryptocurrency Ethereum, it provides decentralized virtual machines to process peer-to-peer contracts, making money quickly and unlimited in number. In other words, it is a monetary payment system, but their functions and purposes are different!
If bitcoin is considered as a shared global ledger that securely records all bitcoin bills. Then Ethereum is to maintain a shared computing platform, which can run any program users want flexibly and safely. Because of this, many countries and enterprises are developing how to use the technology of Ethereum in the real world.
Bitcoin trading network BtcTrade platform Ethereum (ETH)? The latest price is 2430! The increase is amazing!
Blockchain Ethereum is widely used?
At present, the application of Tai Fang technology in Russia is still active. For example, VEB, Russia's state-owned development bank, began to apply Tai Fang technology to some administrative functions last week, and Russian steel giants are also testing the application of Tai Fang technology in the safe transfer of international letters of credit. Therefore, Putin believes that this virtual currency can help Russia achieve economic diversification, support blockchain technology to pave the way, and establish new enterprises.
Not only Russian, but also JPMorgan Chase, Microsoft and Intel are optimistic about Ethereum technology. At the same time, Ethereum also obtained some financial institutions, banking consortia, Samsung, IBM? With the close attention of large companies and institutions, blockchain applications such as simplifying and automating financial transactions, tracking merchant loyalty index and gift cards aimed at dispersing electronic transactions have also emerged. This is why the etheric currency has risen!
What is the future of Ethereum?
Of course, unlike Ethereum, there are 670 bitcoin ATMs in the world and thousands of sales points support bitcoin payment, but Ethereum has not yet appeared in the field of electronic payment. It is mainly used to support Ethernet running programs. Therefore, whether Bitcoin can be recognized in the future is still unknown, but the practice of Russian President Vladimir Putin may not be a signal.
As we have said before, it is still difficult to define Bitcoin as a currency, but it must be an asset. I think Ethereum must also be an asset. Although the application of blockchain technology is still immature, in a sense, it will be used sooner or later. After all, in the future era of big data, blockchain technology can better guarantee our information efficiency and privacy.
This is why digital currency Ethereum is so popular!
Hope to adopt!