What is Ethereum?

I heard about ethereum in 2015 when it was priced $8. However, back then I was not interested in acquiring ethereum. I was more focused on acquiring bitcoins. However, soon bitcoins value increased and it was beyond my reach. Therefore, I began talking interest in altcoins like ethereum, which was priced less than bitcons, yet had a high potential to gain value over the time. I began acquiring ethereum when coinbase, my bitcoin wallet also started providing ethereum wallet.

So did you manage to get ether at a really low price @vinaya?

Same here, I am still trying to get my head around Crypto in the market, I have been enjoying this forum however, I seem to of picked up a few things and i now understand coinbase at last, 🙂

My own take on this is that Ethereum was meant to counter this tendency by those who own servers to control, manipulate, or even hack one’s personal data stored in any existing server. It aims to curtail or disrupt third parties that may be storing vast amounts of data in a way that centralizes the whole internet thing. But the question remains: how sure can we be that the structures or “nodes” created by Ethereum will not be in a position to do the same thing that was being done by the previous “centralized” system they replaced?

I have read lately though that the popular MyEtherWallet(MEW) has recorded more attempted attacks by hackers than Fortune 500 banks according to cybersecurity experts. The Mew platform is partnering with a company called Segasec to keep hackers out though, and guard the valuable Ethereum coin in these wallets.

There are predictions that Ethereum will be around $2500 by the end of this year but right now it is around $229. Also Ethereum is suppose to go on rising in 2019 and 2020, and the reason is because of the increasing use of their popular platform.