Ethereum will be another Bitcoin soon

Ethereum is gaining high when compare to bitcoin.And experts say that soon Ethereum will beat bitcoin.Ethereum has been backed by major firms including JPMorgan, Microsoft and Intel. The new currency has been designed to support smart contract applications, which is a computer program that can automatically execute the terms of a contract when certain conditions are met. Barclays, for example, has used similar technology to trade derivatives.

At present, bitcoin is the largest digital currency despite its market cap falling below 50 per cent this year.Indian exchanges started trading Ethereum coin.Hyderabad based exchnage started trading Ethereum exchanges www.ethexindia.com where people can buy and sell in Indian rupees.Zebpay also plans to open Ethereum exchange in August. Unocoin also plans to open altcoins exchnages. Now unocoin offering some altcoins to btc and Indian rupees in their exchange www.unocoin.com.

Total market cap of all digital currencies is now at $86 billion, out of which bitcoin’s share has fallen to 45 per cent and ethereum has witnessed a sharp increase in market share at $20 billion.

While bitcoin has been getting support from governments and investors, the Ethereum blockchain has been backed by corporates wishing to use the technology for smart contract applications. Ethereum also will become investors favorite coin after Bitcoin.And most investors will be going to invest into Ethereum and the price will be increase and this coin has best option for alternate Bitcoin also.

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