In the ever-expanding world of digital currency, Ethereum is one of the most promising technologies on the market.

Since its birth in 2015, the digital currency has grown by over 45,836%:

Ethereum’s rapid growth has transformed paupers into millionaires. But despite its skyrocketing value, very few people actually understand what Ethereum is or why it’s a good investment.

For those of you who don’t know what Ethereum is, it’s important to understand that it’s much more than just a digital currency.

1. Ethereum Could Have More Application Than Bitcoin
As a whole, digital currencies have a lot of selling points. Many digital currencies use blockchain technology and finite market caps. These digital currencies are hyperinflation-proof, free from big banks, and open to the individual.

That being said, blockchain technology is certainly one of the key selling points behind digital currencies.

2. Ethereum Is Backed by Multiple Fortune 500 Companies
One of the strongest pieces of evidence for Ethereum’s long-term prospects is the Enterprise Ethereum Alliance (EEA).

In February 2017, multiple major companies — including dozens of Fortune 500s — decided to collaborate on furthering the Ethereum network technology, with the goal of incorporating it into their businesses. This group includes companies like Intel, Microsoft, JPMorgan, BP, and Thomson Reuters. Now in 2018, the EEA is over 200 members strong.