Winklevoss continued the metaphor describing ether as a digital oil that fuels a protocol layer the ethereum blockchain on top of which decentralized applications using their own tokens. On ethereum you can write code that controls money and build applications accessible anywhere in the world.
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Unlike bitcoin ethereum serves as the backbone of decentralized applications.
Ethereum oil. In 2020 the world started to understand the intrinsic value of bitcoin as digital gold in 2021 we will witness the same understanding of ethereum as digital oil. Ethereum is digital oil in 2020 the world started to understand the intrinsic value of bitcoin as digital gold in 2021 we will witness the same understanding of ethereum as digital. If ethereum no longer had any technical use there would be no utility for it.
Ethereum eth prices nasdaq offers cryptocurrency prices market activity data for us and global markets. This is a novel. If bitcoin is likened to gold ethereum is more like oil.
Oil and ethereum both rely on some type of utility. Ethereum is a global decentralized platform for money and new kinds of applications. In 2020 the world started to understand the intrinsic value of bitcoin as digital gold in 2021 we will witness the same understanding of ethereum as digital oil.
Reversible ethereum transactions digital oil token more news. Developed a new pricing mechanism to power a new synthetic derivatives product that gives users on chain exposure to oil they said in an announcement. This means experts consider it digital oil rather than digital gold.
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