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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.
19 Dec 2022 2 minute read 13 comments johnwege
Humans are very stubborn creatures and there is nothing we are more stubborn about than money. That stubbornness is amplified even further in the cryptocurrency market. We all have dreams of hitting the lottery in this market, being able to finally b...
25 Mar 2022 3 minute read 35 comments johnwege
As we go through life, every one of us has experiences that teach us very important life lessons. Sometimes the most lessons are learned from the biggest mistakes that we make. Often financially. If we are wise, we can watch other people's experie...
20 Jan 2023 3 minute read 19 comments johnwege
If you are reading this article, you are likely very interested in cryptocurrency. Perhaps you view it as your one chance to finally change your life financially and get ahead in life. Maybe you view it as an insurance hedge against the potential hyp...
7 Dec 2022 3 minute read 26 comments johnwege
Throughout the last two years, I was heavily involved in lending out Bitcoin and other crypto to earn a passive income. It was one of the key methods that quickly allowed me to increase my portfolio size. It was great money, but I always knew the ris...
6 Mar 2023 3 minute read 19 comments johnwege
We have all been told that the cryptocurrency industry is one of the riskiest and most volatile markets that you can invest in. That there is a real possibility that you could wake up tomorrow and lose everything. The truth is that there is no guaran...
15 Jul 2022 4 minute read 23 comments CryptoMasterMiner
So you have earned some Ampleforth (AMPL) and Ethereum (ETH) on Publish0x - now what? Well you can leave it on the Publish0x or move it to a wallet. Those are both OK options if you don't like to put your crypto to work for you. But what if you want...
12 Mar 2023 3 minute read 3 comments johnwege
All good things eventually come to an end, and unfortunately, that is looking to be the case with Bitcoin. The Biden administration in the USA is continuing its attack against Bitcoin and crypto by moving to possibly eliminate the ability to tax harb...
3 Nov 2022 4 minute read 23 comments johnwege
If you are investing in cryptocurrency, it is likely that we share the same goal. We all hope to eventually escape from the rat race, and take back control of our own lives. We are hoping to obtain financial freedom. Each person may have their...
13 Nov 2022 4 minute read 21 comments johnwege
FTX became insolvent this week, and the situation is much worse than any of us could have imagined. It’s an event that has set back the entire cryptocurrency industry by years. Not only in prices or when the recovery would eventually begin. B...
9 Feb 2023 3 minute read 17 comments johnwege
Since I entered the cryptocurrency market years ago; there has always been 1 thing that I have struggled with. It wasn’t about whether I should buy Bitcoin, Ethereum, or other altcoins. It wasn’t about having conviction in the future of this market e...
