It is usual that we know what is Ethereum, but you may need to know more. In the encryption digital currency industry, the Ethereum market value is second only to Bitcoin, and it has a long-term position in the second place. Ethereum is a concept put forward by Canadian citizen Vitalik Buterin, whose token (or cryptocurrency) is called ETH. According to statistics from CoinMarketCap, as of May 2018, the market value of Ethereum was around $70 billion. And at its highest price, the market value was as high as nearly $140 billion. Even the bitcoins raised are used for the construction of the Ethereum ecosystem.
In July 2014, the Ethereum Foundation raised approximately 31,000 bitcoins in the form of ICO, with a market capitalization of approximately $18 million at the time. After four years of development, Ethereum's token ETH has the following functions: first, the fuel needed for technology development based on the Ethereum platform; second, the “money” payment method accepted by the merchant; third, second Speculation in the market; Fourth, investors purchase ETH to participate in the collection of token activities of other ICO projects, and use it to replace with other tokens.
Ethereum is a development platform for decentralized applications that combines blockchain and smart contracts and is called blockchain 2.0. However, compared with the peak period, bitcoin prices fell by nearly 70%, and Ethereum fell by more than 80%. This year, Ethereum price has been affected by various unfavorable factors. At present, Bitcoin is struggling to keep up with the $6,000 mark, while Ethereum is hovering around RMB 2,000. Affected by the decline of mainstream digital currencies, the altcoin currency is more than mad and not even zero. This is undoubtedly a disaster for investors. The “big fall” in the currency market has led to a serious contraction in investor assets. This caused a strong controversy in the currency circle and led to a variety of suspicions about the fate of Ethereum. So how do you think of it?
