Ether-1 cryptocurrency surges 900% amidst greater demand by users

Cryptocurrency Ether-1 has seen a surge of up to 900% as the demand for its hosting is increasing among the users
  • The cost of this platform is a fraction of what is spend on the traditional centralized hosting services
  • The platform has the qualities of both Ethereum Virtual Machine (EVM) and IPFS

Cryptocurrency Ether-1 has seen a surge of up to 900% as the demand for its hosting is increasing among the users. The users are seeking a hosting provider which does not give them the fear of being banned. Therefore, EthosFS has been in great demand. 

The native cryptocurrency of Ether is ETHO, which hit a new all-time high of $0.09 . It gained more than 1800% from a lower price condition in 2020. Ether-1 is a 100% blockchain based solution that can be used without the fear of being banned or censored by the corporations. 

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Any person or any business can use Ether. The platform has the qualities of both Ethereum Virtual Machine (EVM) and IPFS, which gives seamless solutions to the people dealing in it. It is called ethoFS. 

Seamless solutions and cost effective 

The cost of this platform is a fraction of what is spent on the traditional centralized hosting services. It is based on a decentralized hosting platform. James Reilly, Project Founder said that 2020 has played a crucial role for us. It is a turning point for the project and platform. 

Talking about the freedom to use ethosFS freely, Reilly further added that people want to use the entirely new platform without the fear of being outright canceled. They are starting to push for big technology. They do not want to be controlled or censored. Hence, EthosFS brings a seamless solution to the people where the data is entirely decentralized. No one can use the data except the individual using it. 

How EthoFS work

EthoFS decentralized storage is backed by the Ether-1 blockchain and the Etho token. Ether-1 is itself a fork of Ethereum, and has smart contract functionality but does not have the large gas fees that plague the Ethereum blockchain. ETHO can be purchased on several crypto exchanges. Users pay for the hosting with ETHO which has a current supply of 55.7m, and a low emission rate. Increasing demand, set against current supply has fuelled the recent price increase.

Christ Terry, Director of Business Development shares that there is of course competition in every technology and so does there are competitors whose currencies are trading with $100 range to find out the potential for solutions like Ether-1.

The functions of ethosFS are simple and easy to use. The storage platform or ethosFS has been live since 2018. It made ether the older one and the most established solution available. Ether-1 is powered by its own cryptocurrency ticker symbol ETHO. 

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Andrew Smithhttp://thecoinrepublic.com
Andrew is a blockchain developer from his education and developed his interest in the cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer.

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