Many people now want to buy Ethereum because it is one of the fastest-growing cryptocurrencies on the market. It started its initial boom in 2017 and has many benefits when compared to other cryptocurrencies. For one, the system is decentralized, which means you can send payments all over the world using the internet, without having to use a third-party or the bank. However, Atlanta residents can also find ATMs similar to those at banks that allow you to make payments using Ether.
While some startups and dotcoms take years to become established, Ethereum quickly rose to the second-largest digital currency in just a few years. Vitalik Buterin came up with the idea about five years ago in 2013. Now, millions of people use this currency and have digital wallets that contain it. However, the primary attraction is that third-party apps can also use the network.
Ethereum’s currency is called Ether, and it has risen in value in recent months. More and more people are turning to digital currency, which is why there’s been such an uptick. However, public trading has been going on since 2016 and ether is only limited to $18 million a year, which means you can make money and use it as an investment opportunity.
Many organizations now accept bitcoins for payment, and most of those organizations also take other cryptocurrencies, such as Ether. However, the biggest benefit is that you can trade or make exchanges.
The Future of Money
While still ahead of its time, Ether and Ethereum platforms could become the future of money. Such digital currencies can shake up a financial system in many good ways.
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