Is Ether in Malaysia a wise investment?
Not only does Ether allow peer-to-peer transactions, but it also serves as a framework for developing smart contracts and distributed applications. In fact, Ether is the industry leader in smart contracts. As such, it is the blockchain network of choice for the best NFTs, crypto-based games and a host of decentralized financial applications
In addition to decreasing transaction fees, another major selling point of Ether is its flexibility, which allows it to adapt to changing needs. This is how the network can remain relevant and useful for decades, and Ether looks set to do just that with its latest upgrade, ETH 2.0.
To improve transaction speed and scalability, and reduce energy consumption by a whopping 99.99%. Ether is already the leading blockchain for decentralized applications (dApps) and is unlikely to relinquish that status anytime soon, with the introduction of sharding – which will make the blockchain even faster.
While Bitcoin does work well as a means of storing value, it doesn’t support smart contracts like Ether does. Arguably, Ether has the same ability to act as a store of value. That said, many people prefer Bitcoin to store value because it has a cap on its supply. While the supply of both bitcoin and ethereum is increasing, there will never be more than 21 million bitcoins in circulation. However, for Ether 2.0 and EIP-1559, Ether may deflate, meaning that the supply of tokens will actually decrease over time.
Since its release in 2015, Ether has been battling Bitcoin for the top spot as the largest cryptocurrency by market capitalization and came close to surpassing it in February 2018. Since then, both tokens have hit all-time highs, and both appear to have more room to grow in 2023. Some experts predict that ethereum will “flip” bitcoin in this market cycle and become the dominant cryptocurrency in the industry.
We believe that Ether may not reap the greatest benefits over the next decade, but it is one of the most reliable cryptocurrency investments on the market for long-term growth.