Have you also been curious about getting to know more about cryptocurrency and Ethereum? Let us dive into knowing more about each one in detail, their price prediction in 2021, and facts.
A cryptocurrency is a digital or virtual currency that is secured by cryptography. It makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. An excellent feature of crypto-currencies is that they are generally not issued by any central authority, rendering them to be perfectly fit for government interference or manipulation.
On the other hand, Ethereum is a blockchain platform with its own cryptocurrency. It is called Ether (ETH) or Ethereum. It has its own programming language which is called Solidity.
As a blockchain network, Ethereum is a decentralized public ledger for verifying and recording transactions. The network’s users can create, publish, monetize, and use applications on the platform, and use its Ether cryptocurrency as a mode of payment. Insiders call the decentralized applications on the network “dapps.” As a cryptocurrency, Ethereum is second in market value only to Bitcoin, as per May 2021
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Ethereum Price Prediction for 2021 – 2025:
Also Read: Bitcoin Price Prediction 2021-2025
Price Predictions in 2021: The ether price prediction according to the Economic Forecast Agency calculates the price will rise from $2,735 at the end of April to $5,910 at the end of December 2021, peak at $11,400 in August 2022, and then drop back to $8,647 by the end of 2022, $4,844 by December 2023 and $4,160 by December 2024.
Facts About Ethereum:
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Facts about Etherium: One of the coolest facts about Ethereum is that it was started through crowdfunding. Vitalik Buterin, a programmer and Bitcoin enthusiast, came up with the idea in the year 2013. Because he lacked the funds, he turned to crowdfund, and by 2015, Ethereum was created and publicly traded.
The Ethereum platform is open-source so it is accessible to the general public at all times.
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