Ethereum was founded in 2015 by a Russian-Canadian developer named VitalikButerun. Ethereum is a blockchain protocol which allows people around the world to send and receive funds without the need for a third party.
However, unlike Bitcoin, Ethereum can perform much more than a financial transaction. It became the first blockchain project to contain something called smart contract technology. A smart contract is a piece of code that allows people to enter into an agreement without the need for an intermediary.
Ethereum price prediction 2021
According to the analyst. Bitcoin and Ethereum will hold the entire 25% of the crypto industry, which is predicting that you will have a total of $ 4.5 trillion in market capitalization in 2021.Market capitalization is used to evaluate total cryptocurrencies, in the same way that companies currently evaluate. It is achieved by multiplying the current market price ethereum by the total number of coins in circulation. For example, if the value of the coin was worth $ 20 and there were 10 million coins in circulation, then the total capitalization of the coin would be $ 200 million.
The next Ethereum 2021 price prediction that I want to discuss was made by a prediction service called LongForecast. This particular analysis is less positive going forward about the price ethereum.
Ethereum real world events
You will recall that are been discussed earlier that the Ethereum blockchain is only capable of processing about 14 transactions per second. This is actually a big problem for the project as it needs to significantly increase global demand.
As a result, there is now another smart blockchain contract that handles better than Ethereum. For example, NEO can process thousands of transactions per second and there are other blockchains that have started to be designed and claim to be capable of handling millions per second!
Ethereum 2021 price prediction: Conclusion
So this is the end of my Ethereum 2021 prediction guide! If you’ve read it from start to finish, you should have a good idea of what the project is and what they plan to do.