What is Ethereum?
It is the second strongest, most popular and best valued cryptocurrency on the market, just behind Bitcoin. Although it is thanks to its technology, it has given much more impetus to the decentralization of the financial market than Bitcoin .
This is a cryptocurrency that many invest in. It is because of the multiple advantages that in some aspects make this cryptocurrency more attractive than Bitcoin.
Native cryptocurrency: Ethereum's cryptocurrency is called Ether (ETH) and is used to pay for transactions and other services on the network.
Smart Contracts: One of the most innovative aspects of Ethereum has to do with the possibility of executing events or, in other words, the creation of smart contracts: self-executing programs derived from pre-established conditions. Whether through friendly bets or transaction automation, this keeps the entire process open and trustless.
Decentralization: This quality makes Ethereum a decentralized network. That is, it does not operate under the control of any central entity. This provides a little more security and transparency.
dApp Ecosystem: This platform has driven the creation of a truly large landscape of decentralized applications, from finance, such as DeFi, to gaming and social media uses.
How to invest in Ethereum?
There are many ways to invest in Ethereum; the simplest and most popular ones include directly purchasing the currency on the different exchange platforms or by trading derivative instruments.
This is a cryptocurrency that, like most, has been characterized by a high degree of volatility . This characteristic has been conferred to trading with Ethereum, although it is only recommended for short-term use.