Bitcoin IRA, the world’s first, largest, and most secure digital asset IRA technology platform that allows clients to purchase cryptocurrencies and other digital assets for their retirement accounts, today released several new guides to help educate individuals about Ethereum and its highly anticipated upgrade to version “Ethereum 2.0”.
Ethereum is the second-largest cryptocurrency with an estimated marketcap at over $40 billion. Like the internet, Ethereum is “open-sourced” and it’s decentralized so it’s not controlled by any government entity. But unlike Bitcoin, it offers “smart contracts” which make it programmable. This revolutionary technology enables developers to build real-world applications on top of the network, dramatically expanding its use cases. Today, Ethereum has over 25 billion in monthly transactions from applications built on top of the network including decentralized crypto exchanges, “stable coins,” lending and borrowing apps from decentralized finance (“DeFi”), gaming, digital collectibles, and more.
In the next few weeks, developers will be launching the largest upgrade to Ethereum’s network since it launched over 5 years ago. The goal of the upgrade is to increase its security by moving to “Proof of Stake” and increase its scalability to eventually handle more transactions per second than Visa and other major payment processors. The upgrade will also enable more casual investors to become validators to help secure the network and earn a reward for doing so.
To help individuals better understand Ethereum and its applications, Bitcoin IRA has developed a few new resource guides:
Overall, Ethereum is an exciting digital asset with a rich development roadmap that can offer enormous potential for long-term investors.
Individuals interested in adding Ethereum or other cryptocurrencies to their IRAs or 401(k)s can go to bitcoinira.com or call 866-333-4307.
