Jake Vartanian – The Significance of EthEnt for Ethereum

ethent ethereum
Blockchain Expo North America 2019



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What’s Ethereum?



EthEnt vs R3 and Hyperledger



Collaboration vs Competition



Into the Imagination





Jake Vartanian

About Jake Vartanian

Jake Vartanian is the founder of Cryptodex, a co-founder of Crypto Asset Design, a contributor to Blockchain News, and an advocate of decentralization since early 2011.



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  1. Interesting article. Thank you! One question though, what do you think will happen to the price of 1 ether over time as this technology becomes more popular, and why? Will it rise, rival bitcoin’s price? Or, will it stay below 100$, or just fizzle out? What is ether’s connection to the adoption of this technology? Especially considering Ethereum may get rid of mining altogether. Would ether be worthless then? I don’t really see anyone discussing ether’s long term value so I’d be interested to hear your opinion.

  2. Hey Brian

    Appreciate your comment.

    As more and more people utilize the Ethereum protocol, the price could rise more due to the amount of smart contracts that are being executed on a daily basis. Each contract takes a certain amount of ETH to run (as well as all other transactions on the network). The amount people and corporations holding for speculative purposes also should be taken into consideration. General supply/demand dynamics also.

    ETH won’t be worthless (unless something really crazy happens) as the utility of one Ether is quite high in my opinion. Rivaling bitcoin price is a hard connection to make because of the difference of number of tokens on each protocol. Bitcoin is 21M and Ether could be closer 300M. The most important piece is the market cap, which is (price * # of tokens). The market cap of Ethereum definitely could rival Bitcoins market cap.

    I hope that covered all the questions. If not, let me know. Happy to elaborate wherever I can.


  3. Thanks. That’s good to know that the contracts take a certain amount of ether to run. That clarifies somewhat. The rest is up to time and users I guess. I was just wondering how much ether I should invest in. I’d be happy if it crossed100$.

    Side note, what are your thoughts on dash? Do you think it’s viable at all, in a bubble, or ready to break out?

  4. Will preface this by saying that investing in crypto is risky and to only put in what you can afford to lose. I am not a financial advisor and this should not be taken as financial advice. What I suggest to friends and family is 1% of assets into crypto.

    Ether could one day cross $100, but I don’t think that for the time being there are enough functioning applications on the protocol to justify that price. With the current tokens in existence, that would be approx a $10B market cap. Maybe 3 years.

    DASH is a great cryptocurrency. They have a concept called masternodes which allows people to earn a return on their DASH if you run a node and have a certain amount of the currency (higher returns than a bank account). They are also releasing DASH Evolution soon, which will make the private keys and cryptography aspects of crypto much simpler for the average user. I think a $500M or even $1B market cap for a seriously innovative project isn’t too far out in the long term as more and more people get into the space. That being said I am wary of such a large increase in price so quickly.

    Always do as much research as possible and make your own conclusions before taking the leap!
