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.


Battle of the Smart Contract Platforms - Ethereum vs EOS vs Cardano

5 days ago 7 minute read cam_elica_24 $9.01 tipped

Image Source: Bitcoinist The rise of blockchain technology has revolutionized pretty much everything around us. But while bitcoin and other cryptocurrencies showed us that it was indeed possible to facilitate decentralized peer-to-peer payments, it...

The New Way to Earn Crypto for Free - Out with Mining, in with Staking

6 days ago 7 minute read Mappo $5.66 tipped

Airdrops are so 2017, free money was fun while it lasted but now when someone says free money in crypto, the first thoughts are scams and ponzi schemes. But in 2020, there is a way to earn free money, in a legitimate, common practice, and logica...

Defi investment strategy

6 days ago 3 minute read fblauer $5.25 tipped

Introduction After experimenting with a lot of different risk vs. reward strategies I have settled on a plan that works for me, is pretty simple and doesn't require a lot of monitoring (ex. no risk of liquidation).  Lending - stablecoins vs. volatile...

New Hydro Protocol Proposal: Foam

6 days ago 1 minute read Mark Anstead $5.02 tipped

Lots of work (and thought) has been put into this, and I am hoping to have this be a core protocol our team at Project Hydro develops at the open source layer throughout 2020.   I'm massively bullish on DeFi, and this is just a testament of where I s...

The SafePal S1 Crypto Hardware Wallet Review

2 days ago 3 minute read Scottcbusiness.eth $5.01 tipped

The SafePal S1 hardware wallet is probably the most affordable feature-packed wallet you can get today. Its development was invested in by Binance Labs and it has many advantages to other much more expensive wallets on the market today. This wallet w...

LocalCryptos Review [2020] Best Alternative to LocalBitcoins

1 day ago 6 minute read Tokenhell.com $4.27 tipped

LocalCryptos is the best peer-to-peer crypto platform for Ethereum and Bitcoin. it is currently the best alternative to localbitcoins and available in 100 different countries with a community of 100,000 traders across the world. There are nearly 40 d...

GPU Mining - ETC/ETH (Beginners How-To Guide)

1 day ago 4 minute read Mynima $3.58 tipped

This is my third in a series of guides for beginners on mining for fun. Before I begin there are a couple of things to remember; Firstly unless you have an extensive mining setup you're unlikely to get rich (or break even) and Secondly I take no resp...

Why a $100,000 Bitcoin Will Not Lead to Mass Adoption

3 days ago 5 minute read MarkHelfman $3.37 tipped

Everybody expects bitcoin’s price to hit $100,000 eventually. Stock-to-Flow models, regression analysis, and lots of other models predict it will happen. It’s fun to get excited about a $100,000 bitcoin. Many people say this will lead to mass adoptio...

PornHub utilizes crypto to bypass Paypal ban

4 days ago 2 minute read Treeπ $2.84 tipped

Now models on pornographic video site Pornhub can accept the US dollar stablecoin Tether (USDT) as payment. In a recent statement, Pornhub said that adding the cryptocurrency was a direct response to PayPal’s decision to cut off payments to models in...

UNDERSTANDING ETHEREUM (AN ILLUSTRATED GUIDE FOR BEGINNERS)

1 week ago 10 minute read G4G Crypto Training $3.27 tipped

What is Ethereum?  According to Vitalik Buterin (creator), Ethereum is a platform on which decentralized apps (Dapps) can be built.  It uses a universal programming language and smart contracts, which are transacted through a blockchain, to provide a...