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The fact to justify the latest prices needs transaction to grow 17 fold. Almost everyone has experienced a recent slump in the Ethereum price: ETH-USD along with other cryptocurrencies. According to traditional finance, the value of stocks, as well as other financial instruments, precisely depends on traditional valuation models.
However, considering digital assets this becomes much more complex. Does next thing come that is there any necessity to value the cryptocurrency like gold? Let’s evaluate Ethereum by analyzing the company with actual cash models. Furthermore, the cryptocurrency ETH has valued the same as Visa, basically a transaction network company.
Ethereum Compared With Visa or MasterCard
ETH offers its network to freely perform transactions using blockchain. A blockchain, on the other hand, ensures clients to maintain a big record-keeping system. Other than this one benefit, blockchain on Ethereum benefits user:
Immutability of transactions
While using the blockchain for records & transactions are hard to modify one transaction is accomplished. In case to double spend an individual digital asset, people trust blockchain in record-keeping system.
On blockchain, every single transaction gets validated by miners. Moreover, miners are the individuals who are responsible to validate the transactions done on blockchain in return receive a reward for validating.