Ethereum investors feel, “What Internet did to data, Ethereum will do to Finance.” Eventually, they believe Ethereum will be the best of the risk-adjusted investments in this decade.
The Ethereum Code is the governance of the ETH ecosystem. Logic-based services are facilitated in the Ethereum blockchain network. Anyone from across the world will be able to write the logical codes for different projects like for digital bank accounts, financial exchanges, lending platforms, and more. These codes can be deployed on the ETH blockchain.
The Ethereum Code is auditable. ETH is expected to grow due to its fundamentals than by speculation. A surge is expected for Ethereum in the coming decade.
Vitalik Buterin recently, when tweeting about Coronavirus, stated, “Your daily reminder that 95%+ of articles of the form “event X will make crypto go (up | down)” are post-hoc rationalized bullshit.”
Sydney Ifergan, the Crypto Expert, tweeted: “I agree with Ethereum (ETH) Vitalik Buterin view about the Coronavirus spreading and the crypto prices going up and down, yes bull shit indeed. We do not want the cryptocurrency market capitalizing on the disease.”
Sydney Ifergan further tweeted, “We need healthy and happy investors to invest and play around in the market. We need healthy competition. We do not want to build our success on irony, disease, and death.”
The Ethereum Economy is based on a series of transactions, which are trustless as opposed to trust-based transactions in a traditional economy. If there were no trust between people, the number of transactions that take place would be less. A permission-based system is very important for governments to sustain the trust factor. When the government comes in to force, it usually censors any kind of application which does not obey the rules proposed by the government. Trust is sustained only with monopolistic premiums. However, trust is not always a sure guarantee.
Developers can build even better products. They need to innovate. Significant capital is crucial for such talented developers to be able to deliver to the world.
ETH facilitates a permission-less solution, which will help developers to innovate without huge capital and to navigate past the complex legal systems and as well as the rent-seekers. ETH is very disruptive for the financial industries.
Currently, the network is slow, but developers who are working on other blockchain networks will not be able to boast about the adoption factor like the ETH. Interoperability is crucial to improve mass adoption and to take ETH beyond the Ethereum blockchain.
A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5
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