Ethereum has seen tremendous growth since its initial launch in 2015, with the blockchain being one of the few besides Bitcoin to incur tremendous utilization while also expressing an ability to scale and adapt as the ever-changing blockchain industry continues to develop.
The blockchain's considerable promise has been further confirmed by recent news surrounding the release of a "Baseline Protocol" from Microsoft, ConsenSys, and EY aimed at allowing firms to utilize the blockchain to connect internal resources and streamline resource planning.
This comes as one notable investment fund manager is now calling Ethereum a "Call option" on the "Next-gen" blockchain of the future.
Ethereum continues garnering significant enterprise utility as major corporations embrace "Baseline Protocol".
As reported by CoinDesk, John Wolpert, the head of We3Studios at ConsenSys, spoke about the release of this new protocol, deeming it as a "Boring" way to utilize Ethereum's blockchain as message-oriented middleware.
"It's about changing the mental model from system of record to middleware That's a pretty boring way to use the blockchain. I think we could use a little boring."
ETH's fundamental utility makes it a "Call option" on the future.
Spencer Noon, the head of crypto investments at DTC Capital, spoke about Ethereum in a recent tweet, in which he lauds the blockchain as being "Next-gen," calling ETH a bet on the future.
"ETH is an investment in a blockchain that already works and is widely used today, a call option on a next-gen blockchain for tomorrow, and in a community that is uniquely equipped to navigate an uncertain future for the entire space. I'm not one but I understand its maximalists."
Although from an investment perspective Ethereum still remains highly correlated with Bitcoin, as the markets mature it is probable that investors will favor ETH over some of its competitors due to its heavy enterprise utilization and bright long-term outlook.
These simple factors show that Ethereum is a "call option" on the future
Published on Mar 5, 2020
by Cryptoslate | Published on Coinage
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