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Ether, as the dedicated currency of Ethereum, has successfully leveraged blockchain technology to create a functionality called "smart contracts." This innovative technology allows users to accomplish unprecedented tasks through the blockchain, with the most representative example being fundraising through "smart contracts." Before the advent of Ether, companies typically raised funds through an Initial Public Offering (IPO), which involves the first public issuance of stocks. With the introduction of "smart contracts," companies began to utilize a more innovative and straightforward method called Initial Coin Offering (ICO), raising funds by issuing cryptocurrencies to the public.
In addition to fundraising, "smart contracts" have the potential to replace many traditional contracts in real life in the future. These contracts, running on blockchain technology, record all terms and signatures on the blockchain. Once the terms of a smart contract are fulfilled, the contract automatically executes its predetermined content without the need for human intervention, significantly reducing labor costs and improving the efficiency of contract execution. Furthermore, the tamper-resistant nature of blockchain provides security guarantees for smart contracts.
The "smart contracts" of Ethereum, a creative invention utilizing blockchain technology, have disrupted many traditional models and influenced various aspects of people's lives. All of these advancements can be attributed to the emergence of Ether, highlighting the intrinsic value of Ether.
So, what is the current investment value of Ethereum? I believe it can be summarized in the following points:
1. Historical Significance: Despite facing performance challenges and potential shifts to other public chains like EOS in the future, Ethereum's innovative "smart contracts" make it hard to forget. If Bitcoin is likened to gold, Ether is comparable to silver.
2. Exceptional Team: The Ethereum team, as early adopters of blockchain technology, is dedicated to improving the underlying technology of the entire blockchain. They actively address performance issues and optimize and upgrade Ethereum, making them stand out in the current chaotic market.
3. Development Convenience: Despite numerous challengers and competitors, Ethereum still holds a significant advantage in terms of development convenience. While many other public chains may offer better performance, they might not necessarily be the first choice for the majority of developers. |
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Post time 24-1-2024 07:05:45