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.


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Compare Cardano & Ethereum cryptocurrency differences

1 Jun 2020 1 minute read 0 comments Lềm Thị Phiến

Here, we will compare it by each of the following: 1. Blockchain Development: Both Ethereum and Cardano allow developers to run Blockchain-based applications, such as smart contracts and decentralized applications (DApps). 2. Platform for tokens: Ano...

Understanding Sharding

1 Jun 2020 3 minute read 1 comment Ruma

Blockchain technology is gaining popularity day by day which in turn attracting more users towards the platform. Rapid adoption leads to an increase in the number of transactions regularly. And here the problem of scalability arises. Can the technolo...

Working from Home Due to COVID-19? Here Are Some Tips for Ensuring A Healthy and Smooth Transition

1 Jun 2020 11 minute read 0 comments bettercallpaul

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Bitcoin, ethereum and XRP is on a uptrend, while Litecoin and BCH is on a downtrend. Here a price analysis of five cryptocurrencies. Bitcoin/USD Bitcoin is at $9,536.13 at 2:00 PM GMT, with a gain of 0.353305% in its price in the previous 24 hours. B...

The Digital Dollar Whitepaper is Here - The US CBDC Project Evovles in the Face of COVID19 and Riots

1 Jun 2020 8 minute read 9 comments bettercallpaul

Hey Everyone!  Probably one of the most important developments in cryptocurrencies, blockchain technology, and economic policy as a whole just occurred on May 28, 2020 with the publication (by the Digital Dollar Foundation, the thinktank tasked with...

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1 Jun 2020 4 minute read 0 comments Crypto_Lemon

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