Since its launch in 2013, Ethereum has been attracting a lot of attention, enabling it to consolidate its leadership position in the blockchain space. Currently it is the basis to tens of thousands of different crypto-related projects, giving it the potential to reshape the industry of digital assets substantially. Innovations such as smart contracts, decentralized applications, and DeFi - to name just a few - are all reliant or inspired by Ethereum in one way or another.
Being as dominant as it is in the crypto environment, it is especially important for beginner traders to understand what Ethereum is all about. Is this the right instrument for you to invest in? Let’s take a look at some of its key characteristics, so you can better determine.