If You Missed Buying Bitcoin, this Cryptocurrency May be the Best Alternative

This cryptocurrency has a bright future ahead.Ethereum image by Peter Patel from PixabayAs Bitcoin, sits at $48,342, you think that you have no chance to own a whole Bitcoin. If that is the case, don’t worry since there is a good alternative cryptocurrency with a lot of promise. The cryptocurrency is Ethereum.Ethereum doesn’t draw as much attention as Bitcoin but it will soon if it already hasn’t.This cryptocurrency was proposed by Vitalik Buterin in the 2013 white paper. Ethereum is a blockchain technology created in software. Ethereum has many use cases for the cryptocurrency as compared to Bitcoin.Several platforms today use Ethereum or rely on the cryptocurrency which increases its demand. The Ethereum technology allows for software developers to use the Ethereum blockchain for smart contracts.In addition to Ethereum’s use on graphics cards for mining Ethereum and smart contracts, this cryptocurrency has seen more requirements for its use.Decentralized Finance or DeFi is a term that means financial applications in cryptocurrency or blockchain that will disrupt traditional financial institutions.Most DeFi products are built on top of Ethereum.“[DeFi], which is so far building an alternative financial system that is more accessible and democratized, is largely built through decentralized applications on the ethereum network,” commented University of East London senior lecturer Iwa Salami.With the rise of Non-fungible tokens or NFTs, these are becoming more popular. NFTs are another word for digital art that are sold online.NFTs are usually one of a kind or a limited set of an image that is sold.Many NFTs are purchased with Ethereum but a few others can be purchased with other cryptocurrencies such as Tron, EOS, Polkadot and others.The three popular sites to buy NFTs are Mintable, OpenSea, and Rarible.Ethereum is priced at $3,719.93 at the time of this writing. This year Ethereum has increased 1,718% from a…