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Ethereum (ETH) is a decentralized computing platform founded by Vitalik Buterin, Charles Hoskinson, and many others. Development began in 2014, with the official release occurring in mid-2015. Described by Buterin as a decentralized computing platform, Ethereum is a more wide-ranging application of the Decentralized Ledger Technology pioneered by Bitcoin.
Ethereum was designed with the intention of having a scripting language for application development, which Bitcoin lacks. Dapps (decentralized apps) are now some of the most intense research and development areas in the digital currency space. As mentioned by Buterin, Ethereum trades some security for versatility, though the development team is working extensively on improving security and scalability.
Though it does take inspiration from Bitcoin, it differs in many ways. One notable difference is that the consensus mechanism algorithm gives ASICs less of an advantage. Block times range from 10 - 15 seconds as opposed to Bitcoin’s 10 minutes. One notable incident in Ethereum’s history occurred in 2016, when a smart contract flaw resulted in the theft of approximately $50 million worth of Ether. This subsequently resulted in a hard fork, splitting the Ethereum blockchain in Ethereum (ETH) and Ethereum Classic (ETC).
Ethereum itself, like Bitcoin, has inspired many projects, including rival platforms that seek to address the shortcomings of Ethereum. These platforms include EOS and Tron, which at the moment are its two closest competing platforms. Ethereum’s purpose of creating a platform for decentralized applications is its most vaunted aspect, as dapps are widely considered to bring the next era of adoption as specific, well-developed and user friendly crypto-based applications bring legitimacy to digital assets in the wider world.
In this tag, read Ethereum (ETH) news, price predictions, opinions and analyses created by users.
1 day ago 4 minute read starthere $5.32 tipped
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6 hours ago 5 minute read starthere $4.28 tipped
Interested in earning cryptocurrency for publishing and reading articles? Join us at Publish0x!** Ready to invest in crypto? Coinbase is a good place to start. Sign up using this link***, buy or sell $100 or more of crypto, and you'll receive $10 wo...
1 day ago 6 minute read cam_elica_24 $3.80 tipped
With all the hype surrounding Bitcoin, Ethereum, Litecoin and other cryptocurrencies, casual observers tend to overlook the intriguing and revolutionary technology that underpins it -- blockchain. In fact, it’s often been said that although cryptocur...
34 minutes ago 1 minute read alberdioni8406 $0.04 tipped
British Virgin Islands Launch their Digital Currency in Partnership with LIFElabs.io. The Digital Currency will substitute the US Dollar that has been used In the Country for the last 60 years, and when it goes live will be pegged 1:1 with the US D...
2 hours ago 1 minute read alberdioni8406 $0.03 tipped
The World is changing exponentially and also the old methods of Payments are getting ready to embrace the Blockchain and their benefits. The European Central Bank could Launch their own digital coin (CBDC) if the private sector fail to provide che...
2 hours ago 1 minute read Roberto D. $0.05 tipped
We all know Bitfinex, it is one of the biggest exchanges on the market and also one of the most talked about, the site in question is Bitrefill, it is a site that allows you to make online purchases in bitcoin and that includes gift cards in its vast...
3 hours ago 1 minute read Roberto D. $0.05 tipped
During a conference between the French Prudential Supervision and Authority and the Autorité des marchés financiers, held just in recent days, François Villeroy de Galhau, current governor of the Bank of France, announced the launch of a project aime...
4 hours ago 2 minute read Cryptofunda $1.57 tipped
Many people outside the circle have poured into the new world of blockchain. In addition to learning the underlying technical consensus, they must also understand the various issuance modes of tokens.Therefore, the "distribution" and "additional iss...
5 hours ago 1 minute read alberdioni8406 $0.14 tipped
France is the First European Country to announce that will Test their CBDC in 2020. European Union is not favourable to the Facebook Libra Project that will also be launched in 2020 and to compete with it plans to release a EuroCoin but seems that...
5 hours ago 1 minute read pheonixdown-dee $0.30 tipped
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10 hours ago 2 minute read Scottcbusiness.eth $2.33 tipped
The Ethereum name service is an amazing project that allows you to purchase and set up a human-readable .eth address for people to send various cryptocurrencies to. ENS will handle all the transactions, all you need is one address and today I’m going...
10 hours ago 1 minute read haidernasir $0.13 tipped
bitcoin, ethereum, XRP and BCH has gained 2% in its price, while litecoin has loss almost 1% in its price. Here a price analysis of five cryptocurrencies. Bitcoin/USD Bitcoin is at $7,285.39 with a gain of 1.90% in the previous 24 hours. Bitcoin with...
11 hours ago 1 minute read alberdioni8406 $0.03 tipped
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