In a recent article, Yahoo Finance named NVDA, AMD and OSTK as the top 3 stocks that will benefit from the upcoming cryptocurrency Ethereum.
According to Investopedia.com, “Launched in 2015, Ethereum is a decentralized software platform that enables SmartContracts and Distributed Applications (ĐApps) to be built and run without any downtime, fraud, control or interference from a third party. Ethereum is not just a platform but also a programming language (Turing complete) running on a blockchain, helping developers to build and publish distributed applications. The potential applications of Ethereum are wide ranging.”
Many crypto enthusiasts see Ethereum as a preferable alternative to Bitcoin, with it’s increased utility and “smart contract” capabilities.