Start of 2017 saw huge interests in cryptocurrencies. There are few things which are driving these currencies.Since financial institutions have shown less interest, cryptocurrencies like bitcoin and ethereum, or are barred by management from trading them, it's left the price movement to the hands of retail investors. so retail investor are trying hard to get hands on them.
for fundamental basis, there's a lot of excitement surrounding the blockchain that underlies many of the top cryptocurrencies, including bitcoin and Ethereum. Blockchain is a digital decentralized network that records all transactions without the need for a financial intermediary, like a bank. Because these blockchains are often, to some degree, open-source networks, it makes altering data very difficult. Thus, blockchain could become the preferred peer-to-peer and business-to-business channel for transactions in the future for a variety of industries and sectors.a falling dollar will send investors to seek a safe-haven store of value, like gold. Lately, though, they've been opting for the safety of bitcoin, the largest digital currency. However, bitcoin's tenure as the cryptocurrency of choice may not last much longer.
Ethereum's blockchain has one key advantage over bitcoin's blockchain: its support of smart contract applications. Smart contracts, which, in their simplest form, are computer protocols that help to facilitate, verify, or enforce the negotiation of a contract, help to automate complex physical and financial supply-chain procedures and compliance processes.
Ethereum already has a lot of interest in its blockchain, as evidenced by the more than 150 organizations that had joined the Enterprise Ethereum Alliance as of July 2017, including nine well-known brand-name companies. These organizations are testing out a version of Ethereum's blockchain in various pilot and small-scale programs. Ethereum is still the thing we can invest for low price compared to BITCOIN .
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Good point. I'm holding more Ethereum than Bitcoin due to it's upside potential. The roadmap on upgrades is very good and they are ongoing. The first part of the Metropolis upgrade just took place which was Byzantine. The Constantinople upgrade is next. Ethereums technology will continually evolve.
I have been accumulating fractions of Bitcoin when the price drops. This is for some diversification in the main crypto's.
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