Ethereum Is Skyrocketing However

Ethereum has been moving and moving quick. It is almost the only block chain where development is happening in huge droves and the blockchain is actually being updated constantly to make it better.

The price in just the last week has gone up 54% and seems to be continuing this trend.

There are currently 3 big players which are currently fueling the Ethereum adoption and should prove that Ethereum will be the go to crypto that continues to grow.

1. JP Morgan was planning to launch their own cryptocurrency in February. However some issues have been found with the setup of this and now JP Morgan is looking to use a tokenized Ethereum token. This will make it more secure and allow them to instantly transfer money between banks without any type of large fees as they move forward with the project.

JP Morgan currently holds 6 trillion dollars in assets.

1. Amazon Is Working With Ethereum with their AWS services. Their main aim with this is to support millions of transaction using Hyperledger Fabric. What would happen is that companies in retail, finance and even energy can execute contracts, share data and perform transactions.

The big point to take away here is why they picked Ethereum. Their flexibility and extensive developer community. There are key and why I am so bullish on Ethereum.

1. Microsoft Azure - this is a cloud based storage platform built on top of the Ethereum platform and are looking forward to building future projects on top of the Ethereum blockchain.

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The One Negative Item I wanted to mention

33% of ethereum is owned by just 376 wallets. SO GET SOME NOW! lol

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