Ethereum (ETH) is essentially a smart supercomputer. “Smart contracts” can be executed by computer programs using Ethereum. You can conduct reliable transactions without a 3rd party using smart contracts. Such smart contracts also are traceable and irreversible since they operate on a blockchain.

Ethereum’s smart contract abilities are heralding a new generation of computer science, digital identity, and other advancements. Ethereum may be the future because of this. But does Ethereum’s innovation make it a worthy investment in and of itself? No, not always.

Why Ethereum might be an excellent investment in 2022? The pros and cons

Ethereum is young. It was released in 2016. Although it still occasionally has faults, it could be highly profitable for those who are ready to get engaged and explore this modern technology.

5 reasons Ethereum is a wise investment

1. Ethereum might serve as a global computer

The capacity of Ethereum to conduct transactions is the cause for its enormous popularity surge and its close call with overtaking Bitcoin in 2017. Consider assets like residences, fine art, expensive vehicles, etc. Smart contracts can guarantee possession of these things. 

People from all over the globe and international investors won’t have to navigate the complexity of other countries’ systems to buy a property or piece of art there. They can make use of an Ethereum-based smart contract. Consumers can also purchase with Ethereum directly.

The web may have made the world more linked, yet Ethereum is demonstrating new and enhanced degrees of connectedness for corporations and private persons everywhere. In light of this, the response to the query “is Ethereum a smart buy” becomes obvious.

2. Uncensored applications can run on Ethereum

Today’s world has a significant censorship problem. These companies — Facebook, Twitter, Youtube, and Instagram — reserve the authority to remove, change, or conceal content. They regularly do. 

Due to its decentralized nature, Ethereum can aid in preserving information in the democratic world. Until Ethereum stays in existence, which could last for a great many years, the data saved on Ethereum’s blockchain will not be deleted or censored by any authority.

Among the chief causes why Ethereum is significant is to keep people informed, therefore should you buy Ethereum right now? The greatest moment to purchase Ethereum and get ready for censorship to cease is NOW.

Now, if you are convinced by our facts, you might be wondering about the ways to purchase Ethereum. Or, how to buy ETH with a credit card? All you have to do is, follow the following steps:

• Enter the amount you intend to spend in ETH or fiat money
• the address of your ETH wallet
• Check your email and other essential details
• You are now prepared to purchase Ethereum using your favorite credit card or payment method

3. Tokenization will be provided by Ethereum

According to research and surveys conducted by the World Economic Forum (WEF), by 2025–2027, “Up to 10% of the worldwide Gross Domestic Product (GDP) would be recorded and traded with the assistance of blockchain.“

Remember that each nation will adopt blockchain technology for up to 10% of its GDP, according to their prediction.

4. The home of innovation is Ethereum

The so-called 2017’s “crypto bubble burst” caused Ethereum’s value to fall by 84%, however, Ethereum didn’t perish. Similar to the internet, which also survived the 1990s “internet bubble,” Ethereum has grown stronger and gathered momentum.

On Ethereum, intriguing new initiatives are being developed, including microgrids, crypto collectibles, house mortgages, electric vehicle charging stations, medical records, and numerous others.

What other factors support investing in Ethereum, then? Okay, if:

• You think we need to produce and conserve energy sustainably.
• You desire to be innovating.

If so, investing in Ethereum in 2022 could be a wise choice for you.

5. Diversification: Bitcoin, Ethereum, and other currencies

The technologies and goals of Ethereum are distinct from those of Bitcoin. We are aware of the reasons behind Bitcoin being a wise investment, and yet is Ethereum a superior option?

At first, Bitcoin was intended to function as a cryptocurrency, with a focus on “currency.” In contrast, Ethereum is designed to serve as a foundation for smart contracts. Using Bitcoin, you can retain money and make purchases, whereas Ethereum allows you to create a smart contract, tokenize an asset, and do other things.

Ethereum also is a good payment method, but it lacks Bitcoin’s brand recognition and immutability. Additionally, Bitcoin is actually scarce because its supply is restricted to 21 million coins, however, Ethereum is unlimited.

Investing in both Bitcoin and Ethereum is a wise diversification strategy. Because of this, Ethereum seems to be a wise purchase if you’re looking to buy other cryptocurrencies outside Bitcoin.

6. Ethereum 2.0 is approaching

Ethereum has been criticized for its scale, power-hungry mining, and slow networking. Such negatives all are accurate. However, Ethereum 2.0 is already in development. The forthcoming edition of Ethereum 2.0 would be “1,000 times more scalable” and “reduce energy expenses by 99%,” according to Vitalik Buterin, the CEO and founder of Ethereum.

It will be made available in stages beginning in September 2022. Of course, the worth and cost of Ethereum will rise dramatically if Vitalik is able to deliver these improvements on schedule. 

It’s an aggressive ambition to offer a 99% decrease in electricity use, fast processing, and significantly greater scalability.

7. Compared to other “Ethereum Killers,” Ethereum has the most developers

Opponents of Ethereum, such as EOS, assert that their blockchain will outperform Ethereum by a wide margin. But demonstrating it is a different matter. Neither of the so-called “Ethereum killers” has really been able to prove their worth to date.

A talent in demand is blockchain technology. It had increased by 6000% in 2018 and is currently the skill with the quickest growth on freelance websites. The Ethereum developer community has impressively expanded. It makes sense that “94 out of the top 100 blockchain projects were launched on the Ethereum network,” according to bitcoin analyst Kevin Rooke.

Ethereum may not be a smart investment for these 2 reasons

Each coin has two aspects to it. Only considering one perspective is unreasonable. So let’s take a quick look at some deterrents to buying Ethereum. You’ll have a more fair perspective as a result.

1. Are Ethereum killers an actual danger?

Although the initial blockchain to support smart contracts was Ethereum, there are now other blockchains as well. Ethereum may be in peril when “Ethereum killers” like EOS and others outperform it in terms of speed, power, and other metrics.

2. Security risks to Ethereum

Ethereum was subject to its greatest security vulnerability earlier in May 2016. Smart contracts for Ethereum were available at that point. The DAO, or Decentralized Autonomous Organization, was its name.

As a result, by April 2016, the DAO had amassed $150 million in ETH. However, the program wasn’t safe. The DAO suffered $70 million as losses in ETH due to a “cyberattack” where someone altered the smart contract coding one day.

A hard fork occurred to fix the hack and return people’s stolen funds. The Ethereum blockchain broke into Ethereum and Ethereum Classic as a result of disagreement over the proposed alterations. The earlier blockchain and the stolen money were both retained by Ethereum Classic. This attack was undone by the updated Ethereum blockchain, which also issued refunds to all users.

Ever since, Ethereum has strengthened the security of its smart contract technology, ensuring that there haven’t been any security issues. However, bitcoin hackers continue to pose a risk. It still takes effort to keep the Ethers secure, as well as to maintain any coin secure.

In 2022, the user will be responsible for ensuring the security of buying, trading, and holding Ethereum. Even while it might be a heavy load, it is surely bearable.

Keep in mind: Only when you’re committed to keeping your ETH secure should you purchase Ethereum right away!

Is now the right time to purchase Ethereum?

It’s entirely possible. The alleged 2017 “bubble” has burst. The worth and utilization of Ethereum are now more reflected in the price. Additionally, Ethereum 2.0 is on the road, so the current price might be a steal.

The CEO of Ethereum, Vitalik Buterin, is a visionary like no other. He is focused on developing Ethereum the latest smart contract platform rather than on the pricing. His drive and brilliance are devoted to making Ethereum better regardless of what.

This demonstrates that Ethereum is secure. In order to appease the shareholders, the CEO won’t resign or fire a lot of employees if the value falls. Rather, he will focus on strengthening Ethereum and resolving its weaknesses, which frequently results in an increase in price that is sustained.

Additionally, Ethereum 2.0 will advance blockchain technology and use cases for smart contracts significantly. The Ethereum organization is investing $30 million in the creation of its platform, which will provide us access to brand-new, cutting-edge dApps.

Conclusion

The technology behind Ethereum will advance over time. And technology developed by sharp, motivated individuals is frequently a safe bet. 

Is Ethereum ultimately a worthwhile investment?

It is, indeed. Buy yourself one ETH now and welcome to the vast world of blockchain.