Ethereum is a blockchain-based cryptocurrency and distributed computing platform; Ethereum was designed to provide a decentralized Turing-complete virtual machine. Ethereum can be used to codify, decentralize, secure, and trade just about anything: voting, domain names, financial exchanges, crowdfunding projects. Ethereum has been around for three years now, and its popularity is increasing exponentially.
What should I know about this?
Ethereum has some of the largest companies right now, such as J.P Morgan Chase, Microsoft, and Intel. Ethereum is a platform that helps build new cryptocurrencies without having much knowledge of programming or blockchain technology. Ethereum allows you to create an application on top of Ethereum’s blockchain where smart contracts run on Ethereum Virtual Machine (EVM). The applications are developed using the standard language Solidity, which was designed specifically for Ethereum.
In the Ethereum investment strategy, there are several steps involved, but they can be broken down into three core components:
Acquiring digital currency tokens
Trading those tokens for other crypto assets/cryptocurrencies
Securely storing your newly acquired cryptocurrency
We hope this information has been helpful to you.