Info about Ethereum

Ethereum is an open source, public, blockchain-based technology. Ethereum fist stated to be able to be used in the market in August 2014. Ethereum management team first had the idea in 2013. Bitcoin wasn,t good enough for the market. Ethereum Idea is to create a platform for others to create new cryptocurrency coins such as Bitcoin but a little bit different. Ethereum first is described in white paper by Vitalik Buterin the co-founder of Ethereum a programmer. Ethereum uses a special technology call smart contracts. Basically smart contracts help to exchange property, money, asset, and others without an agent. Smart contract is written as code and committed to the blockchain which is public to everyone.

Bitcoin History

In 2014, Cryptocurrency such as Ethereum can be bought, sold and exchanged to another commodities, hence now these cryptocurrencies can be view as money or commodities. There are a few problems that faced by the investor in the economy which is the unstable price of cryptocurrency in the market and the rate of cybercrimes increasing year by year, causing lose in a large amount of money. You can first buy an Ethereum with just a few dollars in 2015 to 2016. Some time an Ethereum at that time would only cost you about 0.20 $. On 10 Mar 2017 till 19 Mar 2017 5$ to 10$, then 10$ to 20$ eventually it hit 50$. Imagine that if you had use 0.50 cents to buy an ethereum your ROI(Return Of Investment) would be 100% In such a short period of time. From April to May 2017 Ethereum already almost hit 100$. In June 2017 Ethereum already hit 300 %. After that Ethereum undergoes steady climb and down. In January 2018 Ethereum shows a sudden spike of almost 440% of its current price hitting 1300$. It would only cost you 13$ when you buy and selling at 1300%. A hundred percent ROI in just 3 years time. If you buy 1200Ethereum when it's price is at about 13$ you would have made over 1.5M $ in just three years' time even without doing anything.

“When I came up with Ethereum, my first first thought was, ‘OK, this thing is too good to be true.’ As it turned out, the core Ethereum idea was good – fundamentally, completely sound.”

-Vitalik Buterin