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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31 Oct 2020 1 minute read 0 comments pooyan1221

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31 Oct 2020 1 minute read 1 comment cryptomaniacsgr

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30 Oct 2020 1 minute read 0 comments Bologna

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30 Oct 2020 1 minute read 1 comment Ellsa Milana

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28 Oct 2020 2 minute read 0 comments botikario89

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28 Oct 2020 5 minute read 0 comments jdant

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27 Oct 2020 1 minute read 0 comments Digital Asset Culture - YouTube Channel - France

Here is my new Youtube Video. The the price of BITCOIN holds very well but it pushes HARD to the NORTH to 13400$. The actual Price of BITCOIN is 13410$ .  Ripple XRP is maintaining its price at 0.25 $. Ripple (XRP) is thinking about relocating and t...