Ethereum’s strong performance in November, and indeed all calendar year, is also linked with its real-world use factors, primarily involving smart contracts.
As Darren Abrams, managing director of digital currency provider Aus Merchant Investments, told The Motley Fool:
Ethereum is a platform, upon which a multitude of decentralised applications are built. These decentralised applications or ‘dapps’ as they are often referred to, are part of a revolution in the computing space known as web 3.0… While Bitcoin is central to the Web 3.0 movement, it’s use case is limited. Ether, and other smart contract blockchains, have an almost infinite number of use cases.