RATE Group | Ethereum to change the world? ETH development gathering momentum, expert | City & Business | Finance
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Ethereum to change the world? ETH development gathering momentum, expert | City & Business | Finance

22 Jul Ethereum to change the world? ETH development gathering momentum, expert | City & Business | Finance

Posted at 02:15h in Ethereum News by

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Although ethereum is most commonly known as one of a cluster of leading cryptocurrencies to make headlines in late 2017, industry insiders have claimed that its underlying technology gives it a greater value over the long term when compared to bitcoin’s BTC and ripple’s XRP coins.

The oft-touted claim is that bitcoin aims to disrupt PaylPal as a means of paying for things online, while ethereum wants to be become, according to CoinDesk, a “world computer”.

Ethereum could – hypothetically – replace the nuts and bolts of the internet, namely servers and ‘clouds’ with a more decentralised and democratic model of ‘nodes’ coming together to form what believers call a type of “world computer”.

Jeremy Allaire, CEO and co-founder of fintech company Circle too CNBC today that the ethereum movement is now gathering momentum.

He said: ”It’s a really fertile space in terms of the fundamental, technical and infrastructure.

“Right now ethereum has an enormous amount of developer…

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