Ethereum

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What is Ethereum?

Simply put, Ethereum is a smart computer. Ethereum allows computer programs to run “smart contracts.” With a smart contract, you don’t need a third party to perform credible transactions. And because these smart contracts live on blockchain technology, they are trackable and irreversible. A new era of computer programming, digital ownership, and other innovations are being introduced thanks to the smart contract capabilities of Ethereum. That’s why Ethereum is the future. But is Ethereum a good investment only because it innovates? Not necessarily. Is Ethereum a good investment and why Ethereum may be worth buying in 2022.

Is Ethereum a Good Investment in 2022?

3 Reasons Why Ethereum Is a Good Investment

#1 Ethereum could be a world computer

The reason Ethereum gained such massive popularity and almost flipped places with Bitcoin in June 2017 is due to its ability to run smart contracts. 

Take, as an example, assets: homes, artwork, luxury cars, etc. Ethereum’s smart contracts can secure ownership of these items. Foreign investors and people around the world won’t need to run through the bureaucracy of foreign nations system in order to own a home or artwork in another country. They can use a smart contract built on Ethereum. And they can pay with Ethereum too.

The world may be interconnected thanks to the internet, but Ethereum is showing new and improved levels of interconnection for businesses and private individuals around the world. 

With this in mind, the answer to the question ‘is Ethereum a good investment’ starts to look like a no-brainer.

#2 Ethereum will give us Tokenization

The World Economic Forum (WEF), in their surveys and research, projected that “up to 10% of the global Gross Domestic Product (GDP) will be stored and transacted with the help of blockchain technology by 2025–27.”

Keep in mind what they are saying: each country worldwide will use blockchain technology up to 10% of its GDP.

A few years ago, as I was wondering whether or not I should invest in Ethereum, the concept of tokenization and all its use cases for Ethereum made my mind clear like water: Ethereum is the future, and there are myriad reasons why Ethereum is valuable. 

#3 Ethereum can run uncensorable apps

Censorship is a real issue in the modern world. Facebook, Twitter, Youtube, Instagram, all of these companies reserve the right to delete, modify, or hide content. They often do. 

The information stored on the Ethereum blockchain (data, smart contracts, dApps) can’t be shut down by a government or agency and will remain alive and uncensorable for as long as Ethereum is alive — which could be for a long, long time. 

Keeping the people capable of making educated decisions is one of the many reasons why Ethereum is valuable so should I buy Ethereum now?. Now is the best time to buy Ethereum and prepare for the end of censorship.

This is one more reason why 2022 might be a good time to buy Ethereum and participate in the termination of censorship.

What to Know Before Investing in Ethereum?

We at Cryptomaniaks have had our fair share of challenges and mistakes.

For now, here’s a list of the essentials you need to know before investing in Ethereum:

  1. Buy Ether only from reputable exchanges.
  2. Use 2 Factor Security and use strong passwords.
  3. Don’t leave your crypto assets on exchange platforms.
  4. Buy and use one of the best hardware wallets available.
  5. Invest only the amount you are comfortable losing.
  6. Be able to make the right decisions and cash out when it’s the right time.
  7. Timing – don’t buy at an all-time high, don’t sell at an all-time low. You should consider buying more when the market is still recovering from its low spot.
  8. Diversification is necessary for any investor to reduce risk — invest in more than one cryptocurrency.

Transacting with Ethereum is very similar to Bitcoin — but there are still a few differences. So dip your toes in the water little by little. Then, when you’re ready, go swimming!