Ethereum is an open software platform based on block chain technology that enables developers to build and deploy decentralized applications. You can think of it as "programmable money."
This means that any developer worldwide can write code for their program, upload it onto the network, and then have users run this program just like they would do with Bitcoin or any other cryptocurrency.
Is Ethereum a Good Investment?
Yes, Ethereum is a great investment. There are many indicators to support this statement. The price of the Ether token had risen from under $8 when it first started trading in July 2015 to over $260 at the time of writing. That's an increase of more than 2700%.
And last year, there was an even higher spike, with it reaching nearly $40 at one point in September before settling back down around $15 in October.
But its value isn't simply tied up in how much money people are willing to spend on each coin. It also hosts hundreds of tokens related to all sorts of projects running on top of the Ethereum network - each coin representing the value of the work being done by these developers.
And to top it off, Ethereum is also attracting interest from large companies like Microsoft (NASDAQ: MSFT), which has incorporated the technology into its Azure cloud platform and JP Morgan Chase (NYSE: JPM) for use with block chain-based financial applications.