Ethereum has been a grandslam for the tech and entrepreneurial community, major corporations as well as Ether investors.
If you aren’t familiar, what Bitcoin does for payments, Ethereum does for anything involving programming and computing. While it utilizes it’s own version of a blockchain, it is functionally different than Bitcoin. For example, on the Ethereum platform you could host a crowdfunding campaign or any type of “smart contract.”
Ethereum’s goal is to make a decentralized internet. And it has a very good shot at becoming “the new internet,” literally. It could one day replace a lot of technology and ways that we host and execute code online.
As of the time of writing, Ethereum has a market cap of over $17 billion. Bitcoin’s marketcap is $34 billion. This makes Ether (the name of Ethereum’s token) the 2nd most valuable Cryptocurrency in the world. And that has gone up over $3 billion just yesterday. It’s making a major climb and has no end in sight, according to many.
The Enterprise Ethereum Alliance is what initially spiked major interest (and shot up the price.) Just the other day, 86 new companies joined the alliance.
As the most trending Cryptocurrency in the world, the question everyone asks is how can they get some. The simplest way is a site like CoinBase. But there are also a number of Cryptocurrency exchanges such as Kraken, Poloniex, Gemini, etc.
Once you own the currency, you can securely store your coins on any number of secure digital wallets, or even a physical wallet if you write down the information. CoinBase also has a secure multi-sig vault now.
The future looks bright for Ethereum, shows like Silicon Valley have already begun to bring Ethereum into the mainstream.
The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.