It could be the future of decentralized applications.
Ethereum is the most used blockchain to build smart contracts.
is an algorithm implemented in a transaction block that creates a process – Imagine if you would like to send Bob, 10 Ether at a certain date in time, you could to that by embedding in the transaction, a line of code.
If you ever participated in an ICO
you noticed that whenever you send your ETH funds you receive back automatically a token that has been issued by the project you are investing in – That’s one of the ways a smart contract works.
Regulations coming ahead
Ethereum is a very good project, but with recent news that SEC is sending subpoenas to projects that have issued tokens that aren’t registered within their regulations, they are converting their ETH int fiat, using the money for lawyers to represent them in what actions are about to follow.
EOS was one of the biggest players who dumped 50k ETH on Bitfinex (March 18th) bringing the price as low as $455.
But the price managed to get right back up over the $500 levels when a statement from the G20 Watchdog that cryptocurrencies don’t pose any risk to global financial stability – Crypto market represented less than 1% of world’s GDP at its peak in december, 2017.
My opinion is that regulations are good for Ethereum because it will get rid of all the worthless projects that are built on it and make room for real innovations that will get it closer to a mass adoption.
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