Since its inception, hundreds of projects have been launched on the Ethereum network, spanning from payment processing systems, to multiplayer games, to non-fungible token ( NFT) marketplaces. It uses smart contracts, which are computer programs that execute transactions when certain conditions are met, such as a buyer’s and seller’s agreement. The Ethereum network now has hundreds of crypto projects built on top of it, making it one of the most valuable cryptocurrencies on the market.Įthereum is an open-source blockchain created by Vitalik Buterin and launched (in partnership with several co-founders) in 2015 as a way for developers to create applications on the blockchain.
Noteworthy For: Created smart contracts largest decentralized app platform second-largest crypto (behind Bitcoin)Įthereum was created to add more functionality to the blockchain, introducing smart contracts.As of December 2021, Bitcoin is trading around $45,000 per BTC, which is a 55% return during that time period.īest for Investing in Decentralized Applications Bitcoin’s price one year ago was around $29,000 for one BTC. This opened the doors to all future cryptocurrency projects, allowing creators to create peer-to-peer payment systems, ultra-secure transactions, and disrupt the traditional financial system forever.īitcoin has since grown into the most valuable cryptocurrency in the world, with a market cap of over $1 trillion. As independent servers were connected to the Bitcoin network, they were used to process transactions using advanced computer algorithms, which in turn allowed them to “mine” Bitcoin.īitcoin effectively created its own currency with its mining rewards, and blockchain technology was created as a result. Launched in 2009, Bitcoin was originally designed as a reward for participating in a peer-to-peer payment network called the blockchain.
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It is best for new crypto investors that want to purchase an established cryptocurrency with a track record of growth over time.īitcoin was created by a software developer and cryptographer that operated under the pseudonym Satoshi Nakamoto. Bitcoin is the most popular crypto for retail and institutional investors alike.
This technology has quickly grown into a $2 trillion industry by market capitalization, and thousands of projects have developed to allow additional functionality for users to transact.
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With so many options available, new investors may feel overwhelmed with how to choose which projects to invest in. Fast-forward over a decade, and there are thousands upon thousands of cryptocurrencies to choose from. When Bitcoin first launched in 2009, there was only one cryptocurrency on the market.
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