Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications, according to Blockgeeks. It is currently the second most valuable cryptocurrency on the planet, but it could overthrow Bitcoin and become the most valuable cryptocurrency in the near future. Inc.com reports: If you aren’t familiar, what Bitcoin does for payments, Ethereum does for anything involving programming and computing. While it utilizes its own version of a blockchain, it is functionally different from Bitcoin. For example, on the Ethereum platform you could host a crowdfunding campaign or any type of “smart contract.” Ethereum’s goal is to make a decentralized internet. And it has a very good shot at becoming “the new internet,” literally. It could one day replace a lot of technology and ways that we host and execute code online. As of the time of writing, Ethereum has a market cap of over $17 billion. Bitcoin’s market cap is $34 billion. This makes Ether (the name of Ethereum’s token) the second most valuable cryptocurrency in the world. And that number jumped up over $3 billion just yesterday. It’s making a major climb and has no end in sight, according to many. The Enterprise Ethereum Alliance is what initially spiked major interest (and shot up the price). Just the other day, 86 new companies joined the alliance.
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