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Sirwin

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.


Flexibility Makes You a Fortune in Crypto

12 May 2024 3 minute read 6 comments johnwege

When it comes to cryptocurrency, Bitcoin is the name of the game. The overall goal for everyone in this market should be to accumulate as much of it as they possibly can. There will only ever be 21 million Bitcoin created and there is a shockingly sm...

The Unspoken Secret in Crypto

28 Apr 2024 2 minute read 2 comments johnwege

There is an unspoken secret in crypto that a large portion of the cryptocurrency market is in denial about. The secret is that 99.9% of the cryptocurrencies currently on the market will eventually go to a price of zero. Look to your left, and look to...

Signs You're Going to Make It in Crypto

1 May 2024 3 minute read 5 comments johnwege

If you are investing in the cryptocurrency market, chances are that you’ve heard the phrase “We’re all gonna make it.” (WAGMI) That the people who are currently investing in crypto are the early adopters and will be able to eventually reach the promi...

Top 10 Best Proof-of-Stake Coins: A Comprehensive Guide

8 May 2024 10 minute read 2 comments StealthEX

Proof-of-Stake (PoS) is a consensus mechanism used on blockchains to verify and validate cryptocurrency transactions. Unlike Proof-of-Work, PoS uses less computational power and allows for faster transactions and processing than PoW, making it a more...

Crypto: Everything Has Changed

25 May 2024 3 minute read 1 comment johnwege

The game in crypto has changed and you're not ready for what's about to come next. Since the creation of the cryptocurrency market, it has been the first opportunity where regular people had the chance to frontrun Wall Street. We were told that Bitco...

Factors to Consider for Selling at the Top (Bull Market)

21 May 2024 2 minute read 0 comments ☑️0🆇D̺͈͙͕̿ͧ̑ͣ🅰🆅🅸🅳eͤ

Every cryptocurrency cycle tends to follow the same pattern: most people lose everything or simply leave the market with no gains. The main factors that influence cycles are fear, greed and FOMO. While it is impossible to predict every cryptocurrency...

The Hard Truth of Crypto

15 May 2024 2 minute read 1 comment johnwege

When you first enter the cryptocurrency market, you are fed a spoonful of hyperbolic predictions that seem like they are too crazy to be true. One of the most famous predictions that you’ve likely heard is that crypto is on the verge of causing one o...

The Crypto Lies That We Are Told

3 May 2024 4 minute read 6 comments johnwege

The cryptocurrency market is a place that many of us have come to hoping to change our lives financially forever. Hoping to finally get ahead in a world that always seems to have the odds stacked high against us. Many of us have gotten ourselves into...

Scammer is Following me and other news

5 May 2024 1 minute read 12 comments Yugocean

Scammer is Following me   Beware of social media scams. Recently, an account named Trust Support Account has followed me on Twitter. In its profile, it has described itself as an official account, but it does not appear to be an official account in...

Let's Us All Conquer The Transformation We Are About To Witness

18 May 2024 1 minute read 1 comment The Watchman

Rarely in history does mankind have the opportunity to change how history will play out. We may be entering a time such as this. Anyone involved in the world of Cryptocurrency understands that this is something new,  something mankind has never seen...