The Ether, the Swiss virtual currency that wants to bury the Bitcoin!

• Succeed where the Bitcoin failed, and become the reference electronic currency. It is neither more nor less than the objective of ETHER, a realistic experience likely to upset all the electronic transactions in the world

Only eight months of existence, and already Ether accumulates volumes of exchanges which represent two-thirds of what is exchanged in Bitcoins at the world level!

Since the beginning of the year, transactions have risen sharply, rising from $ 300,000 at the beginning of the year to $ 27 million last week, at last Wednesday's statement! Is the Ether not taking over?

• Improve the principle of virtual currency :
  What was supposed to be a simple experiment carried out by the Swiss start-up Ethereum is taking on a much broader scale. Perhaps enough to supplant the Bitcoin in the market of the electronic world currencies!

Ethereum's goal with this new virtual currency was to demonstrate the limits and defects of Bitcoin, to overcome them and improve the principle. Ether works according to the same principle, that of the "BlockChain". It is a currency that is used through the electronic issue of an individual transaction, which makes each use unique, and by nature unfalsifiable.

The main problem of the Bitcoin is the intense speculation with which it is subjected. The high volatility of this virtual currency is accentuated by the different transaction platforms

But Ether solved the problem in a simple way: it can be exchanged from one end of the chain to the other, but it can also operate in a closed circuit. This makes its use safer and more controllable.

• Out of an exclusive development :

Another specificity is the fact that the development of this virtual currency is a common and shared task. Ether developers cited one of Bitcoin's key flaws: making its technology too exclusive to too few people, slowing the speed of its development around reliable technology solutions.

Thus, the Bitcoin suffered even from a real annoying defect, trading platforms not fast enough, causing delays in buying or selling orders, and hence an inflation of commissions.

That is why Ether is developed into a true ecosystem. The New York-based R3CEV start-up ensures the development of the platform and closed circuit technology. Very interested in the initiative, Microsoft, through its subsidiary Azure, provides the architecture. And already nine investment banks are also around the project and investing there, with among them Credit Suisse and UBS. Because they are talking about a new way of circulating money.

For the individual, of course, any system that allows cash to be made in a discreet but safe way is likely to become strategic for the banking sector.

What to bet on the development of Ether, which thanks to a scrupulous development, has ample means to achieve its goal: become a global benchmark and supplant the Bitcoin, too restricted and too speculative