As we move into the year 2020, things seem exciting for crypto enthusiasts. There have been a lot of advancements in the recent past, and the market is overcoming the issues that came along the technology.
Since the launch of Bitcoin, it never really faced some fierce competition and enjoyed the advantage of being the first one in the market. New technologies were introduced, but they never really gained so much popularity as Bitcoin did.
Ethereum is one of the inventions that have the potential to become a famous currency as Bitcoin is. This is because it has certain features that make it great for the long for the community.
We will discuss the top reasons that make Ethereum worth buying in 2020.
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There isn’t the second opinion when we say the smart contract is the top feature that makes Ethereum unique and worth buying. Smart contracts could be the future for the security of sensitive data all across the world. Smart contracts are a “smart” way to secure ownership of almost everything from homes, artwork to investments.
DApps or decentralized apps is also one of the features that make Ethereum a global network. DApps are secure applications that run on Ethereum. These decentralized apps will be the future of securing the critical data as there will be no central authority involved.
When it comes to the crypto market, the overall reputation and popularity of a project are one of the significant factors in determining the future. Ethereum is known to be a good and trusted name in crypto space as it has a strong team behind the project and has maintained a good value over the years. It also scaled up its operations overtime that increased its worth.
When it comes to buying cryptocurrencies, all of them are not listed in popular exchanges. Ethereum, however, is listed on almost all major exchanges and could be easily sold and bought. It could also be bought by using PayPal or Master card as a payment method.
Could it prove to be the future of cryptocurrencies?
Digital currencies have already revolutionized the concept of fast digital cash, and blockchain technology has helped a lot of businesses to expand and plan for the future. Features like decentralized apps and smart contracts are two major factors that solve the issue of security and trust.
Smart contracts make sure that everything is made secure to the highest levels, and DApps are not centralized, so it will help in gaining the trust of the users.
The need for privacy and security is one of the major concerns when it comes to cryptocurrencies. Ethereum has the potential to become the market leader when it comes to these significant issues. Users feel more comfortable in privacy and security.
Should you buy Ethereum?
Although it might be too early to make some solid predictions regarding Ethereum, as the market is a volatile one, it is safe to assume that Ethereum is, for sure, one of the best projects of the year 2020. If you are looking to invest in crypto, Ethereum could prove to be one of the best choices.
This was our brief guide regarding the top 5 reasons that you should consider Ethereum in 2020.
Do you think Ethereum would prove to be a good investment in the future? Let us know in the comments.