Bolide Banner

Ethereum (ETH)

26,252 Articles 82,817 Followers

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.


Countdown for the Ethereum Merge

3 Sep 2022 1 minute read 9 comments Cryptonator`s

In the middle of the month, Ethereum will transition from its existing proof-of-work mechanism to a proof-of-stake model. The merge is a significant phase of the Ethereum 2.0 upgrade that should cut down the energy use and improve the network's overa...

The Real Reason I've Been Successful in Bitcoin

12 Sep 2022 6 minute read 6 comments johnwege

Buckle up. The Ethereum merge is only days away and no one knows what will happen after it occurs.  One thing is for certain, we should all be expecting volatility.  It could very well be the catalyst that the entire market needs to recover from the...

HODL or sell: What time is it?

25 Sep 2022 3 minute read 3 comments Dzoelx

Source Regardless of the current position of your crypto holding, you are always caught in a dilemma. To sell or to keep holding on for dear life. Most times, the urge to sell gets more pressing and it gets so hard to keep on holding these assets. In...

Bitcoin: Let There Be Pain

19 Sep 2022 4 minute read 12 comments johnwege

It's a story that we have seen time after time since the creation of Bitcoin.  Just when people think the worst of the price action has come to an end.  That is when even more pain happens.  Up or down, the market typically does the exact opposite of...

MATIC farming on Polygon - Stake it and forget about it!

11 Sep 2022 1 minute read 11 comments PVMihalache

The Polygon Protocol advanced framework for building and connecting Ethereum-compatible networks is making the blockchain one of the most used solutions in the Cryptoverse.  The aggregating scalable options and tools supporting the multi-chain Ethere...

Current State of the Crypto Market

2 Sep 2022 5 minute read 5 comments johnwege

We are truly living in unprecedented times, Especially when it comes to investing in crypto. On the one hand, the market is very bearish, with the general opinion that we are about to enter a period of extreme pain for not only crypto but all investm...

What's Your Crypto Plan?

26 Sep 2022 5 minute read 10 comments johnwege

Another week has passed, and it also has been another week where Bitcoin saw little to no price action.  Currently, Bitcoin's price is sitting at just under $19k.  Only a few percentage points away from matching the yearly low that was set when all o...

Is Bitcoin a Good Hedge Against Inflation?

14 Sep 2022 5 minute read 12 comments johnwege

It's a tale as old as time.  Just as the prices of Bitcoin and the crypto market in general, begin rising to a point where you forget how you were feeling bearish just a few days ago. Giving you hope that the worst of this downward cycle had now offi...

The Boring Days of Bitcoin

5 Sep 2022 3 minute read 5 comments johnwege

If there is one thing that I have said the most during the last year, it is that we are living in scary or unprecedented times. Especially in the financial markets. If you have been paying attention, you will have been able to sense an extreme amount...

What Are You Doing NOW To Change Your Life?

16 Sep 2022 5 minute read 12 comments johnwege

Most of my readers will probably know that I am typically extremely bullish about the future of Bitcoin, Ethereum, and crypto in general.  I have a strong conviction in not only where I think markets are heading, but the world as well.  But, when I b...