Planning on investing in Ethereum?
Today we will outline some things you really NEED to KNOW before you start investing.
If you have already made your investments, make sure that you’re familiar with the fundamentals listed in here.
“An investment in knowledge pays the best interest.” – Benjamin Franklin
When it comes to investing, nothing will pay off more than educating yourself. Do the necessary research, study and analysis before making any investment decisions.
Let’s start by enlisting the top-5 traits that you naturally find in a good investment.
- Long-term Viability
- Market Cap For The Business
- Good Business Stats
- Easy To Understand Business Model
- Roadmap for horizontal/vertical growth
As you keep reading, you will figure out why Ethereum stands tall with all those sexy traits.
What is Ethereum?
My first encounter with the word ether was at the age of 11 in the best-selling Stephen Hawking book ‘A Brief History of Time’ where existence of an ‘Ether’ is described – an all-pervading medium composed of a subtler kind of matter – has been taught by mystics throughout the ages.
In Ayurvedic terms, Akasha (ether) is the medium that contains everything.https://www.scienceandnonduality.com/science-and-the-existence-of-ether/
‘It is a metaphor referring to the hypothetical invisible medium which permeates the universe and allows light to travel’- Vitalik Buterin on naming Ethereum.
At its rudimentals, Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications.
Unlike Bitcoin, beyond being a trade-able crypto-currency-Ether is used by decentralized application developers to pay for transaction fees and services on the Ethereum virtual machine.
In simple terms, Ethereum was conceived as ‘World Computer’ that would decentralize the existing centralized client-server model.
In the existing model, data sent across the network to the client is controlled by central server like Amazon Web Service, Google Cloud, Azure.
Why Ethereum will matter 10 years from now?
Web 3.0; Ethereum and the Decentralization
Welcome to the rise of Web 3.0 enabled by the Ethereum network.
We already know about Web 2.0 as an interactive and social web facilitating collaboration between people.
Web 2.0 was an evolution from the early original state of the Web 1.0, which was a static information dump where people read websites but rarely interacted with them.
Web 3.0 is the next fundamental change both in how websites are created and more importantly, how people interact with them.https://www.lifewire.com/what-is-web-3-0-3486623
At the center of Ethereum lies the EVM or “Ethereum Virtual Machine”, a decentralized computer that can execute “smart contracts”
Ethereum enabled’Smart Contract‘ function just like the name suggests, enabling two parties to come to an agreement on anything safely and securely without going through a centralized 3rd party.
These ‘smart contracts’ provide a tremendous technological advantage, allowing programmers to automate many processes throughout e-commerce, finance, real estate, legal contracts systems.
Initial Coin Offering : A brand new investment vehicle
Due to the border-less and decentralized nature of public blockchains like Bitcoin and Ethereum — the ease of transferring and moving wealth globally becomes almost effortless.
Because those transfers are effortless and permission-less, Token Sales(what more savvy users call ICO) offers an innovative and unique investment vehicle, with no barrier for investing in a good company/venture — it is openly available to anyone.
The recent results pouring out of this disruption are staggering to say the least.