Besides Bitcoin, there is another cryptocurrency has recorded a record high price in history, Ethereum, which is $ 2,074 per chip.
Even though it is already at the highest price, this increase is still predicted to continue in the next few months. At the start of 2021, ethereum is only selling for around $ 689.37.
However, when compared to the beginning of April 2020 or on a year to year basis, the increase is around 15 times. Because, in April last year, ethereum’s price was only $ 137.88.
In fact, currently ethereum is the second largest cryptocurrency in the world after Bitcoin.
So, What is Ethereum?
Vitalik Buterin created Etherum in 2013. Ethereum itself is a public peer-to-peer network or blockchain with its own digital currency called ether. With this network, developers can produce an application.
In this way, this crypto currency works as a decentralized software platform. This is different from bitcoin which only designed to be a currency.
However, the similarity between ether and bitcoin is that they both use blockchain technology.
Currently there are developments related to this crypto currency, where there is an update to the ethereum 2.0 network. Thus, it is hoped that it can help ethereum and ether coins become bigger.
In addition, the Chicago Mercantile Exchange (CME) derivatives exchange launched ether futures, which could potentially open the door for more institutional investors to take part in the network launch.
