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.


Top 5 Enterprise-focused Blockchain Projects in 2019

11 Jun 2019 4 minute read 2 comments xaviercote

When it comes to Blockchain, Cryptocurrencies such as Bitcoin & Ethereum is what comes into mind, for the majority of us. But the reality is that this technology now extends beyond the Cryptocurrency world or its tight-knit community. It turns out th...

Update 10: Cats cryptocurrency prediction experiment!

10 Jun 2019 1 minute read 0 comments Piet246

After a week full of ups and downs I will give an other update of the prediction of Dikke Streep my cat. The expiment was as followed. I put 5 physical coins of cryptocurrency in front of the cat. He chose Ethereum with his paw. Updated results so fa...

xDai and the Burner Wallet - demonstrating the power of blockchain

9 Jun 2019 2 minute read 3 comments Optimist

Most people within the crypto space will have already heard about Dai and MakerDAO – and hopefully this will even soon extend beyond just the crypto space! However, despite this amazing achievement, the user experience can sometimes still leave more...

ERC777 Token An Update From ERC20

9 Jun 2019 1 minute read 0 comments bitcoinflood

Ethereum has been one of the biggest token distriubutors outbeating any other cryptocurrency token system by ten fold. This is because of the amount of capital behind the ethereum token, developers working on ethereum and token based projects and num...

DABANKING, PROPELLING THE DAPPS AND GAMING INDUSTRY TO ITS PEAK

9 Jun 2019 3 minute read 0 comments Cjkalu

    Crypto-currency, a digital currency was created with aim of making the global system, efficient. The regular and traditional methods of doing things and carrying out transactions, has countlessly, proven to be flawed in numerous ways...... That...

CoinChat (Chat, Mining, Gaming, Wallet)

9 Jun 2019 1 minute read 2 comments bitcreatenow

Disclaimer Although the app offers free coins like eth, btc, ccc, ccg and more. Some users on the groups share links with no disclaimer and explanation at all. So it prudent to be do due diligence it joining the groups. CoinChat is a combination of c...

What is the MakerDAO CDP?

8 Jun 2019 3 minute read 2 comments Ethan Winter

The MakerDAO CDP is a financial instrument that has never existed before in the history of the world, save for governments themselves. CDP stands for Collateralized Debt Position, and is very similar to how a person with a mortgage could get a loan a...

Ether Kingdoms II A New Era

8 Jun 2019 1 minute read 3 comments egamersio

Ether Kingdoms announced the development of Ether Kingdoms II, the second part of the game. The popular Ethereum based blockchain game has attracted already an overwhelming players base and now the team aims to focus on the further development of the...

SEC lists Ethereum as consumable currency!

8 Jun 2019 1 minute read 2 comments jadams2k18

Good news everyone! 😄   SEC doesn’t consider Ethereum as security. This piece of news is now confirmed. The government body now states that Bitcoin is not a security, and neither is Ethereum’s ether. Thus the ETH token has been classified as usable...

Fake Version Of The Cryptohopper Website Installs Malware And Steals Personal Information

8 Jun 2019 1 minute read 0 comments hashlytag

A fake version of the Cryptohopper website allegedly installs malware on visitors' computers. This is what Bleeping Computer writes in an article that was published on 5 June. It would concern a number of trojan horses, one of which steals the inform...