Image for post
Image for post

Ethereum | Explained

Ethereum Overview

Ethereum is an open-source and public platform for creating decentralised online services that work on the basis of smart contracts. The platform is decentralised, based on the blockchain and runs as a virtual machine.

Ethereum’s Creation

Unlike Bitcoin, Ethereum has a real person behind it. This person is Vitalik Buterin, a programmer, who chairs the R&D team of Ethereum and constantly modernises the platform. He is also an extremely visible personality in the crypto and blockchain space.

Image for post
Image for post
ETH | Magical Mineral Logo

The Solution

The main selling point of Ethereum is (self-executing) smart contracts, introduced by Nick Szabo, who also could be Satoshi Nakamoto.

Advantages

The main advantage is that Ethereum is extremely flexible, so the system can be easily upgraded, changed or modernised. The platform is universal, supporting different languages and algorithms.

Disadvantages

In my opinion, the documentation is not always 100% precise.

Funds Raised

Image for post
Image for post
Ethereum | coin

Price Impact

Before we start looking at the main factors that drive valuations, both fundamental and technical ones, let’s try to look ex-post at the big picture and the fundamental role of Ethereum in crypto in 2015, 2016–2017 (boom phase) and 2018 (crash/correction).

The Competition

Many people see Ethereum and Bitcoin as competitors. This is only partially true.

Ethereum Alternatives

Investors, that consider an investment in Ethereum, might pay close attention to EOS and to a slightly lesser extent to Cardano and to NEO.

Data Driven Investor

empower you with data, knowledge, and expertise

Sign up for DDIntel

By Data Driven Investor

In each issue we share the best stories from the Data-Driven Investor's expert community. Take a look

By signing up, you will create a Medium account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.

Check your inbox
Medium sent you an email at to complete your subscription.

Demetrios Zamboglou PhD

Written by

Fintech specialist and thought-leader with extensive industry experience and academic background. Multi-award winner including Amazon, Microsoft and 30Under30.

Data Driven Investor

empower you with data, knowledge, and expertise

Demetrios Zamboglou PhD

Written by

Fintech specialist and thought-leader with extensive industry experience and academic background. Multi-award winner including Amazon, Microsoft and 30Under30.

Data Driven Investor

empower you with data, knowledge, and expertise

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