because ethereum eth good coin
good community and good volume transaction
so every ethereum down and low price so much people can buy ethereum
and hold and up again selling to take profit
That could be true. There are more applications based on the Ethereum.
Akasha Wants to Put Social Media on the Ethereum Blockchain
The past few months have had quite a bit of news concerning platforms like Steemit, Synereo and the Yours Network. A new platform is launching this October called Akasha, which means “’ether’ in both its elemental and metaphysical senses.” The project is a social media application that splices the Ethereum network and Inter-Planetary File System (IPFS).
Akasha is the brainchild of Bitcoin Magazine creator and Ethereum co-founder Mihai Alisie. The project aims to be a censorship resistant internet publishing site with many of the features found on traditional social media apps.
By utilizing IPFS, the infrastructure of Akasha will reportedly have no central point of failure or bandwidth issues. Additionally, using the Ethereum network as a backdrop, developers say, the project doesn’t depend on servers. The developers behind Akasha believe, with the cryptocurrency solutions we have today, users deserve a better social media model.
This October, the Akasha team will gradually send out invites to 4,500 people. Alpha subscribers will be able to test the dApp on several operating systems, observe smart contracts, and hopefully, identify potential flaws and bugs before the public alpha. The team expects public alpha to release towards the end of Q4 2016.
The team says the first releases of the Akasha dApp may be unstable and have a few bugs. Developers explain this is a “tradeoff” for being one of the first projects to bundle technologies like IPFS and Ethereum. Both projects are in their infancy, and unexpected behavior will happen, but developers say they will “iron out the bugs” quickly. The team also asks users for feedback and to open bug issues via their Slack channel.
Akasha developers say throughout the first phase ETH will be the platform’s currency token. In time this could change, but the Akasha team wants to test the advantages and disadvantages first before introducing a native token. Besides using Ethereum and IPFS, the platform also utilizes Electron, React with Redux, and Node.js on its technical stack.