Ethereum is an open-source, decentralized, and blockchain-based software platform with Smart Contracts and Distributed Applications functionality. ETH or Ether is the local cryptocurrency of this platform. Right now Ethereum is the most widely used blockchain in the world. After Bitcoin, Ethereum is the second-largest cryptocurrency in the world by market capitalization. It was launched in 2015.
It is somewhat similar to Bitcoin but has several differences too. As the use of Ether to approve transactions and maintain a blockchain is similar to Bitcoin. While Bitcoin is a form of digital money, Ethereum is a smart contract platform that allows leveraging blockchain tech to create numerous digital ledgers and can be used to create cryptocurrencies that run on top of the blockchain. Ether(ETH) itself can also be used as digital money. Bitcoin is built to only be money whereas Ethereum is software that is aimed to run applications. Ethereum is like a supercomputer.
Ethereum is being called a future, a new era of computer programming. And people are investing in Ethereum. Ethereum is launching Ethereum 2.0 in many phases of which Phase 0 has been completed. You can get Ethereum in almost every part of the world. So, Buy Ethereum in Kenya is just one click away.
Let’s look at the reasons why buying Ethereum is a good idea:
· Ethereum Has The Potential To Be The World’s Computer:
The ability to run smart contracts is one of the most important things that have helped Ethereum gaining so much popularity. It is starting a new era of applications- decentralized applications (dApps) that will help many businesses perform better. Ethereum provides a platform to everyone who wants to use it and build an app based on the map or infrastructure developed by Ethereum. A lot of things are going to change which we needed, Ethereum will help us evolve, be better and smarter.
· The Tokenization:
According to the World Economic Forum(WEF) in a report, up to 10% of the global Gross Domestic Product(GDP) will be stored and conducted with the help of blockchain technology by 2027. Tokenization will be done of everything from artwork to mortgages, trade agreements to business transactions, and even your documents and the voting process. Ethereum is going to be big and you can be a part of it.
When working with Bitcoin, it is suggested to get complete information and make the right decision.