While Ethereum functions as a blockchain system that mainly depends on ether as its currency, several tokens are built on its network in the form of smart contracts that can be held, invested or traded. As Bitcoin reigns as the biggest share of the total cryptocurrencies’ market capitalization, ERC20 tokens along with Ethereum would topple Bitcoin’s position if put together. …
The digitalization of payments and fast growth of cryptocurrencies has brought massive attention and appetite to the market, drawing people and institutions from various environments to invest in the crypto space. Having said this, it is vital to understand the economy of an ecosystem of projects in which investors are willing to put their money in. The recent parabolic appreciation of cryptocurrencies and media hype has drawn unqualified investors with almost no experience at all in this extremely volatile market. …
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