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.

Short cryptonews for this week 8/52 (2024)

24 Feb 2024 1 minute read 0 comments Pasucaru

- Bitcoin is trading around $51,000. Thanks to spot Bitcoin ETFs it seems that Wall Street is starting to replace gold with Bitcoin ( 83% of the spot Bitcoin ETF market is in the United States ). - Ethereum has crossed the symbolic $3,000 mark. - Par...

Crypto Dilemma: To Cash Out or HODL on the Forever Train?

24 Feb 2024 2 minute read 6 comments johnwege

Most of us joined the cryptocurrency market with hopes of making money and changing our lives financially. However, the longer that you have been investing in the market, you will learn that there is a stigma against selling your crypto. Once you hav...

Modular VS. Monolithic Blockchains

24 Feb 2024 2 minute read 1 comment Ether Crunch

Monolithic Blockchains: All tasks are carried out in a single layer. Nodes in these layers carry out all processes: validating transactions, executing consensus, etc. Additionally, all transaction data is stored on this layer, making it a full...

Uniswap at a Crossroads: How Voters Could Shape the Future of a DeFi Pioneer

23 Feb 2024 4 minute read 0 comments Gryphonboy

For those new to the space, Uniswap is a decentralized exchange, or DEX, built on Ethereum. A DEX allows people to swap cryptocurrencies like Ethereum and ERC-20 tokens without needing a middleman, instead using smart contracts that match buyers and...

Interops Hasn't Pumped Yet

23 Feb 2024 6 minute read 1 comment benn0xake

This is a web3 gaming blog, so why am I talking about interoperability protocols? Boooring.  I'm cool with that!. Stay poor. And while you're waiting on Alex Becker and Elliotrades' downline to come through (seriously; how many more times can they sh...

How To Invest in Scroll Before Token Launch

23 Feb 2024 1 minute read 1 comment Cryptofab

Okay, confess: I have a soft spot for anything with a hint of gamification. So when I stumbled upon the Rhino Run on Scroll, my inner explorer did a little jig. This isn't just any points-chasing game, though. It's a way to invest in a new Ethereum l...

Crypto Advertising: Taking Opportunities and Challenges

23 Feb 2024 1 minute read 0 comments Mika(123)

Cryptocurrency ads have become more common in digital, which reflects the increased popularity and adoption of digital currencies These ads appear on online platforms including social media, search engines and websites aimed at promoting content abou...

The effect of cryptocurrencies on economic coverage and relevant banks

23 Feb 2024 1 minute read 0 comments Mika(123)

Cryptocurrency has developed into an influential force that threatens conventional fashions of financial policy and relevant banks and promotes a brand new paradigm this is changing the face of world finance. With the creation of cryptocurrencies inc...

The Centralization and Integration of Cryptocurrencies into E-Commerce Platforms

23 Feb 2024 1 minute read 0 comments Mika(123)

The participation of cryptocurrency inside the e-trade area can be considered a actual proof of the mainstream nature of virtual currencies and their use inside the regular transactions. Online purchasing and the boom of the usage of the cryptocurren...

Cardano vs. Ethereum 2.0: Key Differences and Which Is Better?

23 Feb 2024 3 minute read 9 comments Guarda Wallet

Cardano and Ethereum are opposite blockchains, but they continue to be compared. The reason is that Cardano founder Charles Hoskinson was also instrumental in the birth of Ethereum. Another reason is that both blockchains thrive on their smart contra...