Ethereum (ETH) News, Price Predictions, Opinions and Analyses Created by Users

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.

BlockFi - Avoid or Use?

28 May 2020 2 minute read 32 comments johnwege

As many of you are aware, DeFi is the new buzzword in the cryptocurrency scene.  Everyone seems to looking for new possible ways to earn a passive income and DeFI seems to be a great option. There have been many crypto start-up companies that have pr...

Ethereum Vs Ethereum Classic: The Differences You Need To Know Before Investing

28 May 2020 3 minute read 1 comment PassionCryptodotcom

What are Ethereum ( ETH ) and Ethereum Classic ( ETC )? Ethereum is an open source public software platform designed to support smart contract functionality. The network uses Ether ( ETH ) as the currency to process transactions and provide computing...

Ethereum S2F Model Predicts Future Shortage And Inflation

28 May 2020 1 minute read 0 comments PassionCryptodotcom

Much has been said about the upgrade of the Ethereum 2.0 protocol , which aims to change the consensus mechanism into proof of participation [PoS]. Despite several delays, the Ethereum co-founder recently said that the release of 2.0 for July is stil...

Hackers steal $ 1,200 in ETH using GitHub bots

28 May 2020 1 minute read 0 comments Shadow Crypto

Hackers managed to steal $ 1,200 in Ethereum (ETH) from a Reddit user after he accidentally left his wallet's recovery phrase in a GitHub repository for less than two minutes. According to the Reddit user's post, hackers created automatic bots to ste...

Hodling Bitcoin is like purchasing Internet domains

28 May 2020 1 minute read 0 comments Shadow Crypto

Hodling Bitcoin is like purchasing some internet domains   Simply put, buying and holding bitcoins is like buying domain names within the early 1990s or registering Twitter handles in 2006. If you bought any of the three character domains w...

A brief History of Blockchain|1991-2020

28 May 2020 2 minute read 0 comments Cryptohem

Blockchain is an underlying technology behind cryptocurrency. It allows every client in network to reach concesus without having to trust each other.The history of block chain can be traced back starting from 1991 . The idea behind the blockchain tec...

Is Ethereum Safe To Use?

28 May 2020 3 minute read 0 comments reedyzzx

Ethereum is the second-largest cryptocurrency in the world with very large use cases, from a stablecoin issuance to game operations. Due to its powerful Ethereum Virtual Machine (EVM), Ethereum is able to create various DApps that were not thinkable...

What is Loopring (LRC Coin)? Who is the Loopping project development team?

27 May 2020 1 minute read 0 comments Lềm Thị Phiến

1.Loopring or LRC Coin is an open protocol platform built on Ethereum's Blockchain technology platform in China. LRC Coin is not only a protocol, but also an automated system for decentralized transactions through electronic money. Loopring aims to...

The Holy Grail of Passive Income – 4. DEX Liquidity

27 May 2020 2 minute read 1 comment ManuelAR

When people think about profiting from Crypto exchanges they think about trading, or day trading that is. The truth is that most people end up losing in the exchange. Short term price variations are simply unpredictable, putting money on that is just...

Usernames in the Status Messenger

27 May 2020 2 minute read 0 comments Status Community Updates

There are three types of usernames available in the Status Messenger: 1) a default name that is randomly generated and given at account setup, 2) A bridged username, and 3) custom usernames that each user can get by staking SNT in the app. Status spe...