Microsoft makes creating Ethereum tokens easier, good for the course?

Microsoft is becoming more and more enthusiastic about the Ethereum network. Forbes recently published that Microsoft is going to test with a new platform to easily create tokens. In the first instance, these are tokens on a locked blockchain from Azure. Later Microsoft wants to use the Ethereum blockchain.

Build your own tokens on Ethereum

Companies can ultimately make ERC-20 tokens easier with the new Microsoft product. These are crypto currencies that run on the Ethereum blockchain.

And that can just be a big step for Ethereum. This development can ensure that Ethereum and ether become even more accessible for companies and end users.

Twitter user Crypto Cactus is enthusiastic: “Yesterday Microsoft rolled out a service that gives users easier access to Ethereum. Think for example of bonds, documents, currencies, licenses, smart contract and more. Is this the most undervalued project in crypto? “

Yesterday Microsoft rolled out a service that will onramp users to $ ETH.

This will include, bonds, documents, currencies, inventory, licenses, loyalty points, smart contracts and more.

Most undervalued project in crypto?

– Cactus (@TheCryptoCactus) November 5, 2019

Connected to the Ethereum Alliance

Microsoft has been connected to the Enterprise Ethereum Alliance since 2017. This is a collaboration between Ethereum and various other large companies, including Intel, Hyperledger and Banco Santander.

This collaboration, together with the ICO hype, led to a major leap in the course of ether in 2017 and 2018. Ether rose from 7 euros to almost 1,400 euros. An astronomical increase of more than 19,000 percent.

What does Microsoft news do with the rate?

The last days are going well with the course of ether. In two days the rate has risen from 161 euros to 174.80 euros. An increase of almost nine percent!

But it is unclear whether this is due to Microsoft. Other crypto coins have also been doing well since 4 November. Litecoin, for example, has risen sharply, and stellar has even risen by 35 percent. But who knows, the new Microsoft service may be good for Ethereum in the future, both for ease of use and for the course.

In that respect, Microsoft has a big finger in the porridge of cryptocurrencys. They have been the owners of GitHub for a while now.