In the previous chapters, we learned all about Bitcoin—a cryptocurrency offering an alternative to traditional centralized payment systems based on a blockchain, which is a decentralized, shared, transparent, and secured database storing every transaction occurring on the network. Because Bitcoin is increasingly being used as a means of payment in retail and online stores, it is now seen as an asset class.
Just like any other asset class or investment product, Bitcoin suffers from the evolution of the financial markets while its supporters regard it for what it really is—a digital currency allowing almost instantaneous, secured, and cheap financial transactions between individuals across the globe.
In these terms, Ethereum is almost the same:
- It is a cryptocurrency (called Ether) enabling people to make financial transactions...
