Why the Value of Ethereum Has Skyrocketed 4000 Percent

Watch: Why the value of Ethereum has skyrocketed 4000%

  • The suddenly popular cryptocurrency has risen over 4000 percent in value over the last year.
  • It’s now the second most popular cryptocurrency after bitcoin, and is worth billions of dollars.
  • Invented in 2013 by 19-year-old Canadian programmer Vitalik Buterin, ethereum is more powerful than bitcoin, thanks to what are known as “smart contracts.”
  • Smart contracts are what investors are really excited about, and have contributed to ethereum’s sharp rise in value.
  • Check out our beginner’s guide to the cryptocurrency.

Watch a short explainer on the cryptocurrency’s steady rise.
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