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What Makes the Ethereum Blockchain So Special

Unlike Bitcoin, the Ethereum price is based more on a platform than a currency.

It has a token, called ether, which is used for native transactions on the Ethereum platform. But ether isn’t quite the same as bitcoin. It isn’t a currency for currency’s sake.

The platform has a higher purpose.

Users are supposed to develop “smart contracts” on the Ethereum platform. These “smart contracts” are automated business functions that would normally have been processed by middle-men.

In fact, you could say that Ethereum is waging war on middle-men. Banks, lawyers, and other folks who produce nothing should be terrified of this technology.

The whole point of blockchain technology was that it decentralized information. Bitcoin focused on decentralizing money; Ethereum expanded that idea to everything else. It is extremely important to the Ethereum price forecast in 2018.

Heck, companies are using “smart contracts” to go public on Ethereum. It is a process called “initial coin offering” (ICO), and blockchain entrepreneurs are already raising more money from this than from venture capital (VC).

This year alone, ICOs raised $327.0 million, while VCs raised only $295.0 million. (Source: “ICO Investments Pass VC Funding in Blockchain Market First,” CoinDesk, June 9, 2017.)

I find that incredible. Apparently the market does as well, because Ethereum prices have shot up 5,000% since they began. It seems like the “War on Middle-Men” is paying a lot better than the “War on Currency.”

Of course, this isn’t to say that any Ethereum price predictions are guaranteed.

The platform itself was split last year into two versions: “Ethereum” and “Ethereum Classic.” There are a lot of technical nuances between the two versions, but here’s all you need to know:

Ethereum Classic had a flaw.
As a result, Ethereum split off.
The two prices grew further and further apart.
Ethereum Classic price = $16.69
Ethereum price = $315.85
Sooner or later, Ethereum will devour Ethereum Classic.

So, don’t worry too much about the 2018 ETC price prediction; it doesn’t hold a candle to the ETH price outlook. The same goes for the Bitcoin price prediction.

https://www.profitconfidential.com/cryptocurrency/post-bitcoin-spike-ethereum-price-prediction-2018/