WHAT IS ETHEREUM?

ETHEREUM STARTED IN 2015, AND IS A DECENTRALISED SOFTWARE THAT

ALLOWS DISTRIBUTED APPLICATIONS SUCH AS TELECOMMUNICATION
NETWORKS ETC. AND SMART CONTRACTS TO RUN WITHOUT ANY DELAY OR
DOWNTIME FROM ANY THIRD PARTY AND RUN AS SMOOTH AS IT CAN. IT IS A
BLOCK CHAIN APP WHERE TRANSACTIONS CAN BE USED TO PAY FOR
COMPUTER POWER WHICH ARE DECENTRALISED
 WHEN WAS ETHEREUM CREATED
ETHEREUM GOT RELEASED ON JULY 30TH 2015. SINCE THEN IT HAS MADE AROUND ABOUT
$7,000,000,000 DOLLARS. IT GOT BUILT BY, VITALIK BUTERIN WHO IS A RUSSIAN IN HIS 20’S.
HE IS THE CO-FOUNDER OF ETHEREUM.
VITALIK BUTERIN IN 2011 WAS INTERESTED IN BITCOIN WHEN IT FIRST GOT RELEASED. HE
WAS THEN ONE OF THE CO-FOUNDERS OF A BITCOIN MAGAZINE. IN 2013, HE WROTE WHERE
HE WAS DESCRIBING SOFTWARE PLATFORM FOR ANY DEVELOPERS WHO WANTED TO
BUILD A DECENTRALISED APP. OTHER FOUNDERS HAD JOINED AND DID A TRIAL RUN TO
SEE WHETHER THEY WOULD BE AS SUCCESSFUL AS THEY HAD IMAGINED TO BE. IN JULY
2014, THEY HAD LAUNCHED A CROWDFUNDING CAMPAIGN AND FROM THAT THEY HAD
MADE $18 MILLION WHICH HAD BEEN ONE OF THE MOST SUCCESSFUL SALES. ONE YEAR
LATER, ETHEREUM GOT MADE
 HOW RELIABLE AND SECURE IS ETHEREUM?
ON APRIL 30TH 2016, A NEW CAPITAL FUND CALLED DAO GOT RELEASED ON
ETHEREUM. AROUND ABOUT 2 MONTHS IT HAD BEEN LAUNCHED, IT HAD
GOTTEN HACKED. $60 MILLION DOLLARS WORTH OF ETHER HAD GONE AND
BEEN STOLEN. ETHEREUM IS RELIABLE AND SECURE BUT IF YOU DON’T USE A
DECENTRALISED APP THAT HASN’T BEEN PROPERLY CHECKED, THEN IT MAKES
IT MORE UNSAFE
 PROS OF ETHEREUM
TEAM –
THE TEAM THAT ARE WORKING AND THAT ARE INVOLVED IN ETHEREUM ARE A
GREAT BUNCH OF PEOPLE WHO WORK TOGETHER AND HELP EACH OTHER NO
MATTER WHAT THE CIRCUMSTANCES ARE
LEVERAGES BLOCK CHAIN –
THE ALTCOIN ETHEREUM CAN’T OPERATE WITHOUT AN INFRASTRUCTURE
MADE OUT OF A BLOCK CHAIN. BLOCK CHAIN ALSO GIVES ETHEREUM MORE
INFRASTRUCTURE AND MORE DEPTH THAT NO OTHER COMPANY HAS.
DEMONSTRATED SECURITY –
EVEN THOUGH ETHEREUM HAS HAD SOME SECURITY SCARES, THE STAFF AND
THE COMPANY HAVE BOUNCED BACK FROM THESE SETBACKS. EVEN THOUGH
MANY OTHER COMPANIES HAVE HAD SECURITY SCARES, ETHEREUM STILL
TOPS ALL OF THEM WITH THE RELIABILITY AND STRONG SECURITY THEY
HAVE.
 CONS OF ETHEREUM
MARKET HOAXES –
THERE WERE MANY MARKET HOAXES. A RECENT HOAX ABOUT THE DEATH OF
VITALIK GAVE THE HOAX $4 BILLION.
THE CONCLUSION ABOUT THE PROS AND CONS OF ETHEREUM IS THAT THERE
ARE ONLY AROUND 3 OR 4 CONS BUT THERE ABOUT TIMES 3 OF THAT BEING
PROS. THIS CONCLUDES THAT ETHEREUM IS MORE POSITIVE AND HAS MORE
PROS THAN CONS.
 HOW MUCH IS ONE ETHEREUM WORTH?
ONE ETHEREUM IS WORTH ABOUT $160 WHICH IS NOT AS MUCH AS BITCOIN
WHERE ONE CAN SELL FOR AROUND ABOUT $17,000 BUT SINCE ITS INITIAL
RELEASE DATE IN 2015, ETHEREUM HAS MADE CLOSE TO 6,000,000,000
 HOW MUCH IS THE TOTAL MARKET WORTH
THE TOTAL MARKET WORTH FOR SINCE IT’S INITIAL RELEASE DATE IN 2015
HAS BEEN 7,340,228,291. THE MONEY THAT HAS BEEN MADE HAS BEEN AROUND
ABOUT 6 BILLION DOLLARS WHICH IS PRETTY GOOD SINCE THEY HAVE ONLY
BEEN ACTIVE SINCE 2015.
 HOW SUCCESSFUL HAS IT BEEN FOR THE
FOUNDERS

SINCE IT’S RELEASE IN 2015, ETHEREUM HAS MADE $7,340,228,291. THIS HAS
HAD A HUGE IMPACT ON VITALIK BUTERIN AS HE HAS GOTTEN MOST OF THE
PROFIT FROM THIS CRYPTOCURRENCY. HE HOLDS CURRENTLY 350,000 ETH
TOKENS, WHICH IS IN REAL MONEY WORTH $57 MILLION.
 HAS IT BEEN IN THE NEWS LATELY
Ethereum has been in the news but not so recently. It’s
been in the news talking about the different types of
cryptocurrencies there are and whether the market has
dropped in the value or has risen up, and Ethereum are
trying to compete with Bitcoin as Ethereum are the
second largest and second most successful company.
 WOULD YOU CHOOSE ETHEREUM AS YOUR
CRYPTOCURRENCY
ETHEREUM IS THE SECOND MOST SUCCESSFUL CRYPTOCURRENCY IN THE WORLD. IT HAS
MORE PROS THAN CON. BUT THERE ARE MANY DIFFERENT OPINIONS ON THIS SUBJECT.
SOME PEOPLE WILL SAY IT’S NOT WORTH IT DUE TO HAVING SMALLER COINS IS MUCH
BETTER, AND SOME PEOPLE SAY THAT IT’S WORTH TO BUY NOW BEFORE SOMETHING
HAPPENS. THE WAY IT WORKS IS THAT WHEN THERE ARE MORE BUYERS THAN SELLERS,
THE MARKET RISES BUT IF THERE ARE MORE SELLERS THAN BUYERS, THE MARKET PRICE
DROPS.
THERE ARE MANY UPS AND DOWNS ABOUT ETHEREUM, BUT THEY ARE THE SECOND MOST
SUCCESSFUL COMPANY AFTER BITCOIN AND DO HAVE A SUCCESSFUL PAST. SO I WOULD
BUY ETHEREUM BUT IT’S REALLY RISKY, BECAUSE IT CAN EITHER PAY OFF FOR YOU IN THE
FUTURE OR IT WILL LET YOU DOWN AND WILL BE A BAD INVESTMENT
WILL ETHEREUM SURVIVE IN THE MARKETPLACE
I BELIEVE ETHEREUM WILL SURVIVE THE MARKET PLACE AS IT THE SECOND
MOST SUCCESSFUL CRYPTOCURRENCY AFTER BITCOIN. IT HAS GREAT
SECURITY WITH A GREAT TEAM AND SINCE IT’S RELEASE IN 2015 IT HAS BEEN
MAKING HEAPS OF PROFIT AND NOW TO THIS DAY ONE ETHER CAN COST UP TO
$173. THE FOUNDER CURRENTLY AROUND ABOUT 360,000 WHICH IS WORTH
AROUND ABOUT $50 MILLION DOLLARS
 REFERENCE

HOW WAS ETHEREUM MADE - HTTPS://

WWW.COINDESK.COM/INFORMATION/WHO-CREATED-ETHEREUM
OTHER SITES - HTTPS://WWW.INVESTOPEDIA.COM/TERMS/E/ETHEREUM.ASP
HTTPS://WWW.GIZMODO.COM.AU/2018/01/HOW-RICH-ARE-THE-FOUNDERS-OF-RI
PPLE-AND-ETHEREUM
/
HTTPS://WWW.BITDEGREE.ORG/TUTORIALS/SHOULD-I-BUY-ETHEREUM/
HTTPS://
WWW.GOOGLE.COM/SEARCH?Q=HOW+MUCH+IS+ONE+ETHEREUM+WORTH&RL
Z=1C1GCEA_ENAU825AU825&OQ=HOW+MUCH+IS+ONE+ETH&AQS=CHROME.1.6
9I57J35I39J0L4.6631J0J7&SOURCEID=CHROME&IE=UTF-8&SAFE=ACTIVE&SSUI=O
N
HTTPS://WWW.GOOGLE.COM/SEARCH?Q=ETHEREUM&RLZ=1C1GCEA_ENAU825A
U825&SOURCE=LNMS&TBM=ISCH&SA=X&VED=0AHUKEWI8SF3Y7OVIAHXH6N
 REFERENCE

HTTPS://MEDIUM.COM/@
GEORGEALEXPOPESCU/PROS-AND-CONS-OF-THE-ETHEREUM-NETWORK-68C5E5
EC7BD
HTTPS://BLOG.SFOX.COM/HOW-SECURE-IS-ETHEREUM-C271AF4F00C0