Altcoins News
By James Thorp
1 / 10
CNBC reports Mark Cuban as saying, “I own a lot of Ethereum because I think it’s the closest to a true currency.”
2 / 10
The cryptocurrency portfolio of Mark Cuban per CNBC is: “60% bitcoin, 30% Ethereum and 10% the rest.”
3 / 10
He feels Ethereum is “adaptable over time” as developers can iterate and improve its capabilities.
4 / 10
He has also stated, “There’s none that I’m just all in on, other than Bitcoin and Ethereum that I look at as being an equivalent investment.
5 / 10
For anyone who is new to Ethereum, it is often pointed to as the second most popular cryptocurrency, after Bitcoin.
6 / 10
They call themselves a decentralized computing network that is on blockchain technology. Ether is used to buy and sell goods and services.
7 / 10
Ethereum Network can be used to build applications which “run” on the blockchain just like a software which “runs” on the OS of a computer.
8 / 10
Since Ethereum can perform computations as part of the mining process, the computational capability establishes the store of value and medium of exchange into a decentralized…
9 / 10
The benefits of Ethereum Network is that it is a large existing network with wide range of functions. There is constant innovation happening on the chain.
10 / 10
For now, there are also disadvantages like rising transaction costs, potential for crypto inflation, steep learning curve for developers, and also that it has an unknown future.
The Currency Analytics
Want the full story?