[Bitcoin] - The future of Ethereum

The future of Ethereum

Considering everything that was mentioned so far, the reasons for Ethereum to be in the spotlight right now should be quite obvious.

And although at this point it’s highly unlikely for the coin to ever fade into obscurity, the speed and scope of its future growth will depend on many factors.

Yes, Ethereum gives the promise of unlimited opportunities. But whether that promise is going to be fulfilled, and to what extent, depends on how powerful the network will become, and how talented and creative will the developers of particular solutions be.

Experts’ opinions

To help you better understand what Ethereum is, we have decided to ask several experts in the field the following question: “ELI5: What is Ethereum?”

“Ethereum is the second Blockchain to pass a billion dollars of market capitalisation and deploy a secure amount of mining power. Like Bitcoin it is decentralised, but unlike Bitcoin it is not used as a currency as its supply of digital tokens (Ether) is not fixed. This is by design as Ether is used for creating smart contracts rather than as a currency.

In a world where corporation are all interested in Blockchains, Ethereum has become a decentralised Blockchain that they are more comfortable to use, even though Bitcoin is a lot more secure and has a longer history right now. When corporations realise that private Blockchains do not have much value they will be able to choose between Ethereum and Bitcoin (whose economics work very differently) to secure smart contracts.”

- Simon Dixon, CEO BnkToTheFuture.com and Fund Manager Bitcoin Capital

"Ethereum relates to blockchains like java relates to relational databases: you store your data in the database and build your application in java. One of the key differences is that Blockchains and the ethereum platform are not running on one but several distributed servers. They offer some unique features like for example the fact that transactions in a blockchain cannot be reverted, whereas all databases offer transactions handling and rollback mechanisms."

- Benedikt

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Source from: cointelegraph