Ethereum: Why Now’s the Time to Buy More – Motley Fool

Ethereum: Why Now’s the Time to Buy More – Motley Fool

According to founder Vitalik Buterin, the Ethereum (CRYPTO:ETH) network is on the verge of a dramatic technological revolution. One year from now, Ethereum will transition into a proof-of-stake (PoS) network where investors will be able to earn interest from validating blockchain transactions with their coins (known as staking), execute digital interparty agreements (smart contracts) at record speed, and use far less electricity when utilizing the network. The upcoming Ethereum 2.0 network upgrade is a massive overhaul from the current slow and inefficient network.

But the potential for reduction of fees to execute those smart contracts — or what is referred to as gas fees in the crypto community — is what makes Ethereum look like such a good buying opportunity right now. Let’s look at how this is a game changer and why, among other elements, it makes Ethereum an ideal investment to buy now

A person looks at Ethereum financials on a tablet.

Image source: Getty Images.

High barrier to decentralized finance

Nowadays, Ethereum powers pretty much everything in the $196 billion decentralized finance (DeFi) space, including borrowing and lending, high-yield cryptocurrency savings accounts, peer-to-peer software, the trading of certificates of digital