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Author Topic: Whats ETH value based on  (Read 591 times)
Blakscorpion
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September 01, 2017, 09:39:02 AM
 #21

It's an economic principle. Everything has a price according to the value/interest that you give to the object/service.
And as you can see, eth will take value with time because a lot of application will work on the ethereum contract

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September 02, 2017, 05:00:08 AM
 #22

I understand that there are certain amount of BTC ever to be in circulation. when more people want it (due to limited supply) as store of value or transacting currency, it creates demand and drives the up.

what i don't understand is , how is ETH value determined. Its not currency but a smart contract platform. So how and why there is value to ETH and what does it produce to gain value in future.
Ethereum value based on demand and supply of users and the function of ethereum, you was knew ethereum is smart contract platform. There are many ICOs projects on ethereum, so many demand of ethereum to be used for participate on ICOs projects, it is one of reason ethereum's price is increasing except innovations related ethereum from developers of team.


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