Missed Out on Ethereum? My Best Cryptocurrency to Buy Now and Hold
Ethereum (CRYPTO: ETH) went live in 2015, becoming the world's first cryptocurrency powered by a programmable blockchain. In simple terms, that means the platform is more than a decentralized payments system.
Ethereum's programmability makes it possible for developers to write code and build self-executing computer programs (smart contracts) on the platform. And those smart contracts form the core of decentralized applications (dApps), including decentralized finance (DeFi) products.
Why does that matter? Like all crypto transactions, DeFi products are secured by cryptography, meaning a network of decentralized miners (or validators) verify transactions, eliminating the need for central oversight. In turn, that makes it possible to lend, borrow, and earn on cryptocurrency without involving banks. And by eliminating those intermediaries, DeFi applications promise to improve access and reduce costs associated with financial services.
Source Fool.com
