Ethereum In The Silicon Valley: What Would Happen?

Ethereum is a cryptocurrency that is often seen in the shadow of Bitcoin and its massive growth. However, at the same time it is a virtual currency with a market cap of over $46 billion – and a decentralized platform that runs smart contracts which are essentially applications that run exactly as programmed. With them, there is no possibility of downtime, censorship, fraud or third-party interference.

Because of these reasons (and a lot more), the capabilities behind Ethereum are certainly impressive. So, it is easy to see Ethereum as a moving force to be reckoned and one that may open a lot of opportunities for entrepreneurs and developers all over the world building perfect applications.

If it is hard to imagine how Ethereum could change the Silicon Valley, think of it as the new App Store for the future business environment. The moment you think about it this way, you will see that Ethereum is a platform that will last for many years providing the ideal ecosystem for the birth of new platforms such as Amazons and Facebooks for the newer generations.

Originally developed by a non-profit company out of Switzerland which is known as the Ethereum Foundation, this virtual currency is arguably doing the most to drive adoption of the platform by the big players in the Valley. At this point, experts say that Ethereum is closer to doing that and is a currency that has massive potential for a new tech revolution.

In order to scratch the surface of possibilities, the Ethereum co-founder Joseph Lubin has created the Ethereal Summit which brings together the top innovators across the blockchain ecosystem for a day of speakers, interactive workshops, art and various panels. This year, the Ethereal Summit was held in San Francisco on October 27th.