What is the cryptocurrency Mr. M is currently paying attention to?
One of the cryptocurrencies Mr. M is focusing on right now is
Ethereum
.
Ethereum (Ethereum) also appeared in Mr. M's email just now.
What Ethereum is,
・A blockchain system that does not require a central organization and can be managed
・Technology to digitize document data
・A system that can be contracted in a form that computers can recognize (smart contracts)
combined together.
A system that can execute contract terms without the approval of lawyers or notaries.
Ethereum provides a framework to record arbitrary smart contracts and transactions on the blockchain, making it a platform where user-defined smart contracts can operate.
Because users can apply it individually, it is attracting great expectations.
In Ethereum, since it is difficult to perform all approval work for free, a cryptocurrency called Ether (ETH) is used to pay the costs of processing and managing contracts.
The price of ETH is,
July 2015: Ethereum ICO (Initial Coin Offering)
1 ETH = 0.0005 BTC, about 16 yen
January 2016: 1 ETH = 0.0021 BTC, about 109 yen
February 2016: 1 ETH = 0.0059 BTC, about 268 yen
March 2016: 1 ETH = 0.0176 BTC, about 875 yen
April 2016: 1 ETH = 0.0278 BTC, about 1,321 yen (82 times the ICO price)
It has risen significantly.
Ethereum's platform comprises four parts, and as of April 2016 two have been released.
・Frontier (July 30, 2015)
・Homestead (February 29, 2016)
・Metropolis
・Serenity
When released, the price rose sharply, so even as the next two platforms are released, a price rise is expected.
Also, as new apps like “Augur” are released within Ethereum, the number of Ethereum users may grow, and the value of Ether (ETH) could rise at the same time.
Additionally, recently a pre-sale cryptocurrency that could only be purchased with ETH appeared, and in just one hour it sold out for 1.5 billion yen...
Up to now, pre-sales have been
something you can buy in Japanese yen
something you can buy with Bitcoin
have been common, but
in the future,
new cryptocurrencies that can only be purchased with ETH will likely emerge.
If you don't own ETH at the start of a pre-sale, you may miss the opportunity.
Points for buying ETH in the future include
・Price rise with the release of two platforms
・Price rise due to the emergence of new applications
・Being able to purchase pre-sale cryptocurrencies quickly
and so on.
◯ETH price plunges...
Raising 125 million USD, the largest ICO market in cryptocurrency, and launching on May 28, 2016, was “The DAO.”
It's a bit hard to understand, but “The DAO” itself is like an investment fund.
Funds raised by “The DAO” are invested in promising projects, and returns are distributed to holders of “The DAO.”
One of the most promising investment destinations is Slock.it.
Slock.it
is
“IoT + Blockchain”
a system built on that premise.
It aims to use blockchain technology to control IoT, accelerating the sharing economy.
IoT (Internet of Things) refers to a world where various “things” connect to the Internet, exchange information, and mutually control each other.
Direct connections between borrowers and lenders can be established, a mechanism where the process is completed between the parties without intermediaries, and thus this technology is receiving great attention.The smooth ICO journey of “The DAO.”
When publicly released,
people expected, “Prices will double, quintuple, or tenfold, right?”
But...
Immediately after release, the price declined below the ICO price.
Looking at specific prices...
May 29, 2016:
1 DAO: 0.000213 BTC
Market cap: 133,075,970 USD
June 14, 2016:
1 DAO: 0.000245 BTC
Market cap: 198,919,085 USD
June 17, 2016:
1 DAO: 0.000252 BTC
Market cap: 225,916,369 USD
June 18, 2016:
1 DAO: 0.000074 BTC
Market cap: 67,151,815 USD
July 22, 2016:
1 DAO: 0.000189 BTC
Market cap: 145,143,452 USD
On June 17, 2016,
a technical issue was attacked,
and 50 billion yen worth of ETH
was leaked from The DAO.
Ethereum's official Twitter account issued a halt to ETH and The DAO inflows/outflows to exchanges, causing a market frenzy, with The DAO price dropping by more than 50% and ETH by about 30%.
This technical issue had a large impact and caused market turmoil.
In approaching cryptocurrency, unlike stocks or bonds, you never know what will happen, so it underscores again that prudent capital management is important.
(Please rewrite this part for publication to the purchaser)
