Overall guide to investing in this specific cryptocurrency; pros, cons, investment strategies,
What Is Ethereum ?
- Ethereum is basically software that is decentralized and allows developers and programmers to run the code of any application. Wait, what? I thought Ethereum was money… well it has a monetary aspect.You see, Bitcoin uses a technology called blockchain specifically for conducting monetary transaction – it’s a straight currency.
How Ethereum Is Different From Bitcoin
As we mentioned above, Bitcoin was designed to be a currency. It uses the same underlying technology principles, but uses them to facilitate monetary transactions.
Ethereum, on the other hand, was designed to facilitate software processing using a token system called Ether. That Ether has become more valuable as a result of people becoming interested in the technology. That Ether is what people want to invest in.
How To Invest In Ethereum ?
- If you’re interested in investing in Ethereum, and specifically Ether, you need a digital wallet. Ethereum doesn’t trade on any major stock platform.
- It’s important to remember that Ether (ETH) is a currency, and should be treated as such by investors. You don’t buy shares of Ether like you would stocks or ETFs. Instead, you are exchanging your dollars for Ether tokens. There are no dividends, no payouts. Your only hope is that in the future, other people on the Internet will pay you more for your tokens than you bought them for.