NEW YORK, KOMPAS.com - you
may remember that virtual currency bitcoin that cause various polemics in various
countries.
Botcoin now has a rival, the
virtual currency called Ethereum whose value soared 1,000 percent in just three
months.
Large companies in the field
of finance and technology such as JPMorgan Chase, Microsoft, and IBM also
helped highlight the existence Ethereum. They call Ethereum as Bitcoin 2.0.
Just as Bitcoin, Ethereum
system built by blockchain which records all transactions. This system promises
of money and asset exchange system is faster and cheaper than the conventional
system chain.
However, excess Ethereum
Ethereum than Bitcoin is not only functions as a virtual currency. Ethereum
software also creates a way to create an online market and transactions that
can be programmed known as smart contracts.
The system is quite
complicated, but only with one of these applications a merchant or farmer can
sell their goods directly to consumers and receive payments directly anyway.
Various systems of this kind
have been built in Ethereum, which allows for new ways to organize and pay for
electricity, sports betting, to an investment Ponzi scheme. Ethereum head office is
located in Brooklyn, New York, United States and have at least 50 developers.
Ethereum first public
version was just released. However, many parties viewed this Ethereum system
will cause various technical problems and legal like Bitcoin.
However, the system's ability Ethereum so fascinating for some corporate executives in the United States. Last year, IBM said it is testing Ethereum as a way to control an object in the real world on the Internet.
Microsoft also made a series
of projects to facilitate the use of Ethereum in the Azure cloud. "Ethereum is a common
platform where you can resolve many issues in the industry with an elegant
solution. It is the most elegant solution we've seen so far, "said Marley
Gray, director of business development and strategy at Microsoft.
Source: Compass, taken from
The New York Times
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