Cryptocurrency Ethereum soars by 900 per cent as stellar performer gets Chinese boost

Etherum is a CRYPTOCURRENCY that allows users to move value around as well as represent the ownership of property has rocketed by 900 per cent in just a year.

By SIOBHAN MCFADYEN
PUBLISHED: 15:10, Thu, May 11, 2017UPDATED: 15:19, Thu, May 11, 2017
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Ethereum, which uses apps that run on a custom built blockchain, an enormously powerful shared global infrastructure, is attracting serious investor interest over its incredible financial returns.The blockchain app, which claims it allows developers to create markets, store registries of debts or promises and move funds all without a middle man or counterparty risk, was launched in August 2014.It was developed by a Swiss nonprofit and crowdfunding campaign which has in turn catapulted it to huge success.