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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Grayscale Trusts Opened to Ethereum

31 Jan 2021 1 minute read 0 comments cts

Grayscale, one of the leading traditional investment firms just opened its Ethereum Trust.  -4 billion in asset  -opened to group of private investors, notably high net-worth -functions like any other trusts  -Grayscale charges them 2% -shares are th...

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31 Jan 2021 1 minute read 0 comments Speedcar

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Eth to the moon?

31 Jan 2021 1 minute read 0 comments Natho5518

I have always been a big believer in etherium since it has the most potential out of all crypto for me with everything being built onto its network what’s your opinion on eth going into the next 5 years?!

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29 Jan 2021 1 minute read 3 comments Stat1c

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NULS and Chainlink Live Q&A

29 Jan 2021 1 minute read 0 comments NULS

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