Ethereum (ETH)

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Ethereum (ETH) is a decentralized computing platform founded by Vitalik ButerinCharles 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.


Bitcoin Price Explosion: Was This A Trap? Should You Buy Bitcoin, Now? XRP MoneyGram Rumor Exposed

7 Jun 2019 1 minute read 0 comments CryptoBitcoinChris

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JP Morgan Chase Develops Privacy Extension For Zether Protocol

5 Jun 2019 1 minute read 0 comments hashlytag

The largest bank in the United States, JP Morgan Chase (JPM), has reportedly developed an extension for Ethereum- based blockchains. Coindesk writes this in an article that was published on 28th of May. The extension is likely to be released with an ...

Options for the development of Dapss: Ethereum vs Fleta.

4 Jun 2019 11 minute read 6 comments daniejjimenez

A common skepticism of the blockchain space is that technology is still looking for use cases, in which exaggeration and speculation exceed applicability. For some, the lack of broad use by consumers of decentralized applications reflects that the in...

Bitcoin, EOS, ETH, LTC, BNB, BAT and XRP Analysis: Bulls Trying to Hang On

4 Jun 2019 1 minute read 0 comments Workin

In my last couple updates, I discussed the real possibility bitcoin was topping out. It’s now decisively broken below the $8,150 support. The next area of support is $7,550. Price is currently below the 21 Day EMA. If a daily candle opens and closes...

The Bank of Ireland, AIB and Ulster Bank Enters into Blockchain Partnership With Deloitte

4 Jun 2019 1 minute read 2 comments hashlytag

Three Irish banks have entered into a partnership with Deloitte. The banks are testing a blockchain solution from the auditor that manages personal data of employees. The parties announced this in a joint press release on 30 May. The Bank of Ireland,...

THETA

2 Jun 2019 1 minute read 0 comments cryptonewz

Theta is an infrastructure for decentralized video streams. Theta has a partnership with Sliver; a platform similar to Twitch which is growing fast. Watching streams on Sliver uses your bandwith and in the process you earn Theta Fuel; token which is...

SpankMonthly — June (mildly NSFW)

2 Jun 2019 3 minute read 6 comments SpankChain

Greetings from SpankChain, Publish0x Community! Welcome to the Summer of SPANK! SpankChain is a company building a payment platform for the adult industry. We were the first to have payment channels in production on Ethereum for our Crypto Camsit...

Syscoin 4.0 Hardfork Launch Date Confirmed: The Countdown is On!

2 Jun 2019 1 minute read 5 comments drlove

June 4th confirmed: Release Date & Block Number The Syscoin Platform development team has confirmed the previously announced date of June 4th, 2019! As block times vary (usually between 55–65 seconds per block), the block number has been slightly adj...

Learning to build smart contracts for Ethereum with EtherScripter

2 Jun 2019 1 minute read 3 comments BtcSapiens

EtherScripter is a visual constructor of smart-contracts for Ethereum, a tool with which, in addition to building, you can learn while practicing. One of the great advantages of learning with EtherScripter is that you have many examples of smart cont...

Ethereum vs. EOS vs. Tron vs. Tezos - How do they Compare?

1 Jun 2019 3 minute read 0 comments 215

As the battle of the blockchain protocols heats up, developers, investors and dapp (decentralized application) users are trying to figure out which of the industry players might win the race. Cryptoasset research firm Bitassist in collaboration with...