There has been a lot of FUD around Ethereum lately, and this is largely due to the very sluggish market in terms of price action. In terms of technology and adoption, massive endorsement from Microsoft could help this understated price move again.
ETHEREUM TOKEN PLATFORM
It was reported this week that software giant Microsoft has created an Ethereum-based self-issuing token platform. Forbes, known for its share of FUD and misleading information about crypto, reported, that the Azure Blockchain tokens were launched for preview and testing.
The platform is targeted at businesses and some have already started issuing their own tokens. At the moment, users will have access to the permitted version of the blockchain Ethereum, which uses Azure cloud computing to achieve consensus on transactions.
However, in the future, developers will be able to use Azure blockchain tokens on the Ethereum public blockchain, which will provide huge support for ETH users.
Trader Crypto Cactus noted that it is rather optimistic for Ethereum, since it is already the dominant platform in the world of smart contracts;
Microsoft yesterday released a service that will increase $ ETH users. This will include bonds, documents, currencies, inventory, licenses, loyalty points, smart contracts, and more. Most underrated project in crypto?
Yesterday Microsoft rolled out a service that will onramp users to $ ETH.
This will include, bonds, documents, currencies, inventory, licenses, loyalty points, smart contracts and more.
Most undervalued project in crypto?
- Cactus (@TheCryptoCactus) November 5, 2019
The platform takes an unprecedented step in allowing for competing protocols such as R3, IBM or AWS. Gray added;
We are creating a platform in the cloud where any token within the TTI can be in place
Ethereum is currently the number one choice for those looking for a decentralized solution on the public blockchain. Any other tokens issued will belong to the corporations that spawn them.
Ethereum FUD has recently increased as the network approaches its largest and most significant upgrade from ETH 1.0 to 2.0, but the bottom line is that at the moment nothing else competes with it.
ETH MARKET REACTION
Ethereum prices have risen steadily this week and peaked at $ 190 a few hours ago. Profit marks an increase of more than 5% per day and the highest level in a week.
Ethereum will cost $ 200 this week? P ”PsP ± P ° PISCSРР СЃРІРѕРё РјС‹ СЃР »Рё ниже.