This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $1200 worth. I really encourage you to check them out.Ethereum just made another all time high, offering an excuse to discuss what this asset actually is. Even for seasoned crypto investors, capturing the essence of Ethereum can be tricky. Bitcoin is easier to grasp, as it has defined narratives - “store of value,” “inflation hedge,” or “digital gold." Ethereum is harder to define, as it shares some of these properties but is also far more. Let’s dive in.Ethereum can be thought of as the world’s most programmable blockchain, a smart contract platform and a world computer. When it comes to understanding these assets, it’s important to draw from old text and the original vision, even if today's version varies slightly from the original concept.Vitalik Buterin, the founder of Ethereum, envisioned a new currency that functioned similarly to Bitcoin, but offered more utility than simply value transfer and storage. Vitalik imagined a decentralized, programmable platform that provided a blank slate for developers and programmers around the world to build upon .Why is Ethereum interesting?Looking back to the advent of the internet and the web can help answer this question. The first iterations of the internet provided the infrastructure and base for everything that we see now - it was the web that allowed users to explore, create, and service this infrastructure. Ethereum allows crypto users to explore DeFi, create Dapps, farm yield, and run smart contracts. It is often referred to as the basis for the "internet of value." The original internet was created as a decentralized way to share information. Ethereum is similar, with decentralized value transfer as it's core offering.What does the future hold for Ethereum?The story doesn’t end there. Ethereum is currently undergoing a major upgrade, the largest protocol update that has ever taken place in crypto. Spanning back to last year, this major upgrade will transition Ethereum from a proof-of-work consensus algorithm to proof-of-stake. Ethereum 2.0 will be quicker to use, more affordable, scalable, and secure. And boy, is it necessary! Ethereum’s biggest problem is that it has become so popular amongst the community that it can barely handle the demand. The network is slow and insanely expensive, unusable for much of the population. It is a victim of it's own success. Decentralized finance developers have largely built on Ethereum. NFT creators and platforms are primarily on ETH as well.Investors also have the potential flippening to look forward to, which is a highly anticipated hypothetical moment when Ethereum overtakes Bitcoin’s throne as the largest cryptocurrency by market cap. For this to happen, Ethereum will need to continue outpacing Bitcoin and gaining traction from major institutions. Investors are split on whether this can happen, but when you consider the problems the two tokens are solving it is clearly quite possible.For now, enjoy the all-time high and enjoy the ride.In This Issue:Let's Talk About EthereumBitcoin Thoughts And AnalysisAltcoin ChartsHow To Trade With The TrendThe ETF Craze ContinuesFBI Warns About New Crypto ScamThe Wolf Of All Streets Podcast Ft. Mark YuskoMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO
The Wolf Den #368 - Let’s Talk About Ethereum
The Wolf Den #368 - Let’s Talk About Ethereum
The Wolf Den #368 - Let’s Talk About Ethereum
This newsletter is sponsored by PHEMEX, the world's best crypto exchange for both spot and leverage. Sign up with the link above and get some free Bitcoin - up to $1200 worth. I really encourage you to check them out.Ethereum just made another all time high, offering an excuse to discuss what this asset actually is. Even for seasoned crypto investors, capturing the essence of Ethereum can be tricky. Bitcoin is easier to grasp, as it has defined narratives - “store of value,” “inflation hedge,” or “digital gold." Ethereum is harder to define, as it shares some of these properties but is also far more. Let’s dive in.Ethereum can be thought of as the world’s most programmable blockchain, a smart contract platform and a world computer. When it comes to understanding these assets, it’s important to draw from old text and the original vision, even if today's version varies slightly from the original concept.Vitalik Buterin, the founder of Ethereum, envisioned a new currency that functioned similarly to Bitcoin, but offered more utility than simply value transfer and storage. Vitalik imagined a decentralized, programmable platform that provided a blank slate for developers and programmers around the world to build upon .Why is Ethereum interesting?Looking back to the advent of the internet and the web can help answer this question. The first iterations of the internet provided the infrastructure and base for everything that we see now - it was the web that allowed users to explore, create, and service this infrastructure. Ethereum allows crypto users to explore DeFi, create Dapps, farm yield, and run smart contracts. It is often referred to as the basis for the "internet of value." The original internet was created as a decentralized way to share information. Ethereum is similar, with decentralized value transfer as it's core offering.What does the future hold for Ethereum?The story doesn’t end there. Ethereum is currently undergoing a major upgrade, the largest protocol update that has ever taken place in crypto. Spanning back to last year, this major upgrade will transition Ethereum from a proof-of-work consensus algorithm to proof-of-stake. Ethereum 2.0 will be quicker to use, more affordable, scalable, and secure. And boy, is it necessary! Ethereum’s biggest problem is that it has become so popular amongst the community that it can barely handle the demand. The network is slow and insanely expensive, unusable for much of the population. It is a victim of it's own success. Decentralized finance developers have largely built on Ethereum. NFT creators and platforms are primarily on ETH as well.Investors also have the potential flippening to look forward to, which is a highly anticipated hypothetical moment when Ethereum overtakes Bitcoin’s throne as the largest cryptocurrency by market cap. For this to happen, Ethereum will need to continue outpacing Bitcoin and gaining traction from major institutions. Investors are split on whether this can happen, but when you consider the problems the two tokens are solving it is clearly quite possible.For now, enjoy the all-time high and enjoy the ride.In This Issue:Let's Talk About EthereumBitcoin Thoughts And AnalysisAltcoin ChartsHow To Trade With The TrendThe ETF Craze ContinuesFBI Warns About New Crypto ScamThe Wolf Of All Streets Podcast Ft. Mark YuskoMy Recommended Platforms And ToolsIF YOU HAVE ANY ISSUE WITH THE NEWSLETTER OR YOUR SUBSCRIPTION, PLEASE CONTACT: PREMIUMSUPPORT@GETREVUE.CO