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Reasons to Buy Ethereum (ETH)

• Second Largest Cryptocurrency by Market Cap.
• Unlike Bitcoin, Ethereum is more than a digital currency; it is a platform for developers to build decentralized applications
• Since 2015, Ethereum has grown over 500% in 5 years
• It can process upto 30 transactions per second
• The expected launch completion of Ethereum 2.0 by the end of 2021 will boost its transaction speed by 1,00,000 transactions per second while also reducing the cost. Ethereum 2.0 is an upgrade of the existing network, rolling out in a phase-wise manner.

Launched in 2015, Ethereum is the second-largest cryptocurrency by market capitalization. 

It was the first-ever cryptocurrency to introduce Smart Contracts and enable developers to build decentralized applications on its network. All other cryptocurrencies that came before Ethereum were focused only on decentralising payments; however, Ethereum originated with the idea to take things to the next level; it aims to decentralise everything on the internet – Social Media, Gaming, etc.

To date, over 3000 applications are running on Ethereum.

Things to consider before buying Ethereum (ETH)

• It’s the second-gen blockchain technology, an upgraded version of Bitcoin, Litecoin etc
• It develops on Bitcoin’s shortcomings by processing faster and cheaper transactions
• Ethereum has an unlimited supply of Ether tokens, with 18M tokens being mined every year.
• Over 3000 applications run on Ethereum.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.