There have been many developments in cryptocurrency lately, and one of the most remarkable ones is Ether’s increase in market value. The Ethereum price attracts the attention of both regular users and crypto-traders. No doubt, cryptocurrency has become more popular, and lots of people are starting to invest in it. Despite risks such as high volatility and security concerns, it didn’t seem to stop the interest of many. People who already invested might already be gaining profit more than they expected, and there’s no reason why you shouldn’t as well.

If you are a new investor in crypto or probably someone who is looking to diversify your investment, one of the best cryptocurrencies you can invest in today is Ether. It is the second top-performing crypto you can find in the market today. Added to that, its market value recently increased as well following Bitcoin’s value increase. Aside from Ether’s remarkable increase in market value, there are other reasons why now is the best time to invest in it. That’s why, in this article, we will go over some qualities of Ether and possibly help you decide why it’s worthy of an investment. Begin your investment journey with platforms that connect with reliable brokers such as bitcoinmotion.tech.

Ethereum

To those new to cryptocurrency, Ethereum is the second-largest cryptocurrency in the market in terms of volume. It also belongs to the best-performing cryptos. Ethereum has many qualities that differentiate it from its competitor, Bitcoin. Although there are some similar aspects, there are still areas where they are entirely different.

For instance, Ethereum can act as decentralized finance. Along with that, Ethereum can also be used as a platform where users can become developers. They can create software within the limits of Ethereum since it runs on a blockchain. Being able to develop something on a platform is one of the reasons why many users opt to go for Ethereum rather than looking for an alternative.

Back when Ethereum was created, its creators were aiming for something that would greatly differ from Bitcoin. One of their goals was to create something that Bitcoin couldn’t. This is probably what makes Ethereum popular amongst developers. Thanks to their goal, they have created their crypto, which is called Ether. Today, not only can users invest in Ether, but they can also use it to interact with Ethereum’s platform, giving them tons of benefits.

Smart Contracts

Smart contracts are one of the highlights of cryptocurrency, and it is what makes Ethereum one of the best assets to invest in. But, what exactly are smart contracts? For starters, these contracts are responsible for the ease of transactions. These programs are present on the blockchain, and they handle all of the transactions you make without the need of a third party. Meaning to say you can easily transact with other crypto users.

The factor that places Ethereum ahead of others is that, with the use of smart contracts, people are now given the ability to create and complete transactions on the network. Added to that, Ethereum is a major network that hosts a big amount of decentralised apps. To give you an idea, there are more than 3,000 decentralized applications that are present across 16 of the major blockchains, and around 2,800 of those decentralized apps are based on Ethereum’s network. By now, one can only imagine how easy it is to make transactions within the network.

Future of Ethereum

Many experts have huge expectations for Ethereum in the coming years. One of the upcoming changes to Ethereum which can make it significantly better is that from a proof-of-work method, it will transition to a proof-of-stake. Due to this, it can potentially increase the performance of Ethereum since it will significantly reduce the energy consumption needed to validate the information on the network.

After its transition, ETH holders and users will now be able to validate transactions by locking a certain amount of their ETH into the staking pool. Added to that, users who staked their tokens will also be able to receive payments for staking their tokens and validating transactions. This is something to look forward to, and as we’ve said earlier, if you haven’t invested in Ethereum, now is your chance.