29 C
Thursday, April 25, 2024

Ethereum Coin: One of the famous cryptocurrency in the world.

Ethereum coin is a decentralized, open source blockchain with smart contract functionality.Ether (ETH) is the native cryptocurrency of the platform. It is the second-largest cryptocurrency by market capitalization, after Bitcoin. Ethereum is the most actively used blockchain.

Official Website of Ethereum coin: ethereum.org

Founder of Ethereum coin.

Ethereum was founded in 2013 by programmer Vitalik Buterin. Development was crowdfunded in 2014, and the network went live on 30 July 2015, with an initial supply of 72 million coins.

Stats of Ethereum coin.

Current price of Ethereum: Price of Ethereum is currently $2,528.38 (price can be different as market flows).

Market cap of Ethereum: Market cap of Ethereum is $283.24 Billion currently.

Maximum supply of Ethereum: There is unlimited supply of Ethereum. But an annual maximum supply of 18 million ETH only.

from which platform we can buy/trade Ethereum coin?

As the basis for placing any trades it is important to identify the best trading platform for your needs. There are a few options when it comes to cryptocurrencies with some of the top platforms including:

  1.  Coinbase
  2.  Kraken
  3.  Bitstamp
  4.  Gemini
  5.  Binance
  6.  Bitfinex
  7.  WazirX
  8.  Coinswitch Kuber

Cons/Disadvantages of Ethereum coin.

No other form of non-traditional currency faces the ownership distribution problem that Ethereum does. In fact, if the coin has one major downside, it’s the fact that fewer than 400 individuals own more than a third of all circulating units. For starters, when so few people control such a huge chunk of the company’s total assets, there’s a very real danger of price manipulation.

Should I invest in Ethereum coin?

Ethereum makes an excellent investment due to its easy accessibility for retail traders and it has also long-term growth potential. So, you should definitely invest in Ethereum, but make sure do not invest your whole money because it is risky to do that. Just invest a part of your income.

Similar Article

Also Read