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.


My Journey into free Crypto

1 week ago 1 minute read HermesSyndicate $0.12 tipped

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1 week ago 2 minute read leonya9 $0.06 tipped

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1 week ago 1 minute read lancelot7 $0.29 tipped

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1 week ago 1 minute read Treeπ $0.09 tipped

Quick Cash, What is it? QCash (QC) is a a stable coin that is pegged to the Chinese Yuan. QC is a digital currency. Like other digital currencies, QC can be used anywhere in the world, at any time. Unlike other digital currencies, QC is stable. It i...

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2 weeks ago 1 minute read Ethanmathew $0.01 tipped

Wishing you all a Very Happy New Year from NOIA Community. We Hope this year will bring great advancements in Networking & Internet Technology.

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3 weeks ago 1 minute read Rutkowski $0.00 tipped

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4 weeks ago 1 minute read kengtong $0.02 tipped

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4 weeks ago 1 minute read Kristoffer $0.01 tipped

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4 weeks ago 1 minute read Everythingcrypto $0.00 tipped

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18 Dec 2019 1 minute read alexworkkbtc08 $0.00 tipped

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