Tesco
Move Over, Bitcoin. Ether Is the Digital Currency of the Moment.
Article

Move Over, Bitcoin. Ether Is the Digital Currency of the Moment.

Nathaniel Popper
The New York Times, 2017
Read the article

Read or listen offline

自动生成的音频
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×
自动生成的音频

Editorial Rating

8

Qualities

  • Innovative
  • Eye Opening
  • Overview

Recommendation

In yet another manifestation of the digital revolution, virtual monies such as ether and bitcoin are gaining popularity and taking off in the absence of any government oversight. Speculators are watching and betting on such currencies as well. In this informative article, New York Times journalist Nathaniel Popper provides a fascinating account of how ether is gaining on bitcoin in the quest to be the virtual currency of choice. getAbstract recommends this succinct overview to regulators, investors and others interested in how the virtual currency realm is unfolding.

Take-Aways

  • The value of bitcoin, the leading virtual currency, rose more than 100% in the first six months of 2017. But its rival, ether, skyrocketed 4,500% over the same period.
  • Volunteers, paid in digital tokens, create and sustain virtual currencies entirely on computer networks. Governance of these markets rests with investors and developers.
  • Bitcoin has established some legitimacy through its acceptance by online commercial giants, but it has been contending with internal problems and associations with drug dealers and hackers demanding ransoms in bitcoins.

About the Author

Nathaniel Popper covers finance and technology for The New York Times.

Comment on this summary or 开始讨论