Why Is Ethereum (ETH) On Fire?

The potential is huge for blockchains that use smart contracts such as Ethereum (ETH), with their potential market value to surpass that of “store of value” chains. Cryptocurrency platforms such as Ethereum have been running an OS for decentralized finance and commerce.

Most applications are powered by them

To understand it all, you have to view Bitcoin as DOS while Ethereum, on the other hand, should be Mac OS. DOS is perfectly okay; it was the first to be launched and played a big part in the success of the computer.

Most computer nerds grew up accustomed to DOS, but the IT world only became mainstream when Windows and Mac OS came onboard. DOS poses some difficulty for beginners, it is very tricky to program, and only a few applications are available to run on it. Windows and Mac OS, on the other hand, were built to support and encourage more applications to be developed and are much easier for people to use.

Ethereum (ETH) is like Windows and Mac OS, with developers allowed to create thousands of applications on their platform.

It is similar to the internet boom at the turn of the millennium. Thousands of companies sprang up with innovative business ideas that had the potential to change the world while battling to comply with the set regulations, and new methods were devised to finance them. There were some of them such as Pets.com and Webvan that ultimately failed while others will become the next Amazon, eBay, or Google of the blockchain generation.

Source: https://stocksgazette.com