Crypto Community
Published in

Crypto Community

ETH — The New Age Currency

ETH is more than Bitcoin or its other counterparts.

Photo by Executium on Unsplash

Ethereum is a decentralized, open source with smart contract functionality. Ether is the native cryptocurrency on the Ethereum platform, which we mostly trade and become millionaires.

There is a reason, why ETH has gone up and now has the capability of challenging Bitcoin Dominance and that too on its own.

Ether needs to be $15K in order to overtake Bitcoin Dominance. Ether doesn’t need any other cryptocurrency support, in order to diminish Bitcoin Dominance.

But it's not about becoming Kind in the market of Cryptocurrency. It’s about the utility of the blockchain for the welfare of mankind, and in that bitcoin has proved its use.

There are many currencies that are working on Ethereum Blockchain. It can be $MATIC, $USDT, or many other currencies which work on Ethereum Smart Contract.

The future of the $ETH is quite bright, with many developers preferring to use Ethereum blockchain, for making their apps.

Just the gas fees of the ETH are quite a headache. A normal guy will think twice when he’s sending $100 and the receiver will receive only $80 (when I used it took $20).

These issues make the use of ETH as a currency for a commoner like me not so helpful. It’s $5 now on ethgasstation.info, but it’s still quite like a bank transfer. This makes the point of the use of Cryptocurrency useless.

But for a big transaction, it’s not much, and I may prefer it if I have to send some thousand dollars. Maybe in the future, this will be reduced.

Till then, use ETH because it's the darling of Crypto investors, and it has the potential to 5x your money in the next 5 years.

--

--

--

A community of CryptoCurrency and discussion on the future of Blockchain and Cryptocurrency. All new writers and authors welcome in Crypto Community.

Recommended from Medium

How We Used Big Data Analytics to Catch a 63% Profit Opportunity in a Cryptocurrency

[ANN] DRAIN: Be Hydrated

The GameFi Protocol supports GFI holders to form GDAO spontaneously in order to carry out the…

Bitcoin’s Hash Rate Decentralization Progresses with a Gradual Shift Out of China

Should You Hold or Sell ATH and Buy Back Later?

ViaBTC|Payment Method — A Key Indicator Influencing Miners’ Income

Revenue Coin Live AMA

📢New Community Partner: VIC GROUP VIETNAM

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Himanshu India

Himanshu India

Crypto and Finance enthusiast and avid reader of Indian Culture.

More from Medium

The Best Meme Coin in 2022 — Suppo Inu

Is Staking A Stepping-Stone to Your First Million?

Shikage Token Review: Gem or Scam?

Cryptocurrencies that embrace a simple concept are awesome