Ethereum might be next big thing in cryptocurrency
Since bitcoin itself is not supported by authoritative issuing institutions and state power to maintain its authority, uniqueness, it can only get along equally with its other imitators, though it’s the earliest virtual currency.
So far, policy makers around the world are making new regulations, including the aspects of ICO, exchange, and so on. The intricacies of these rules are daunting, just as the variety of digital currencies makes it hard to know which will be the next bitcoin.
Bitcoin priced around $6,400 on Friday, which have over halved since its December highs of around $19,500, reported in FuninUSA news. Since bitcoin has experienced a staggering decline, there are other digital coins that investors might want to consider.
Kelly, founder and CEO of BKCM LLC, an investment firm focused on digital currencies, said that the next big thing in crypto might be ethereum, a decentralized blockchain platform. Here are the reasons.
1. Augur platform—one of the oldest ICOs
Kelly said, the augur platform, which is a decentralized prediction market, has been in development for about two or three years.
“What's interesting about this [is that] this will probably be one of the biggest decentralized apps on top of ethereum,” he said, “if [augur] doesn't slow the system down, that can generally be a positive for ethereum.”
2.Software mining
Ethereum is upgrading, Kelly said. “They [will] go from hardware mining, proof of work, to something called 'proof of stake,' which is similar to a software mining,” he said.In the next couple of months this will start to take effect and have an impact on ethereum, Kelly added.
