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Advantages Of Ethereum

Why Most New Tokens Are Ethereum Icos

Why Most New Tokens Are Ethereum Icos

The summer of 2017 has seen an explosion in new cryptocurrencies, with dozens of startups using digital currency as a fundraising mechanism. According to Bloomberg , initial coin offerings (ICOs) have raised over $1.6 billion in the past year, prompting many to speculate on the decline of venture capital as a model for funding new startups. The ICO explosion of the past year can be mostly attributed to the growth of the Ethereum blockchain , and the ease with which Ethereum permits the creation of new coins. Many startups have raised millions of dollars on Ethereum with little more than a concept and a white paper, circumventing the traditional routes for seed funding from accredited investors. While theres some controversy over how to classify and regulate these ICOs, its clear that a new alternative model has emerged for early stage funding. By and large, that model is based on the capabilities of the Ethereum blockchain. Creating an ICO: Limitations of the Bitcoin Blockchain An ICO is essentially a program that collects cryptocurrency from contributors and, after reaching a target amount, distributes newly created tokens to the ICOs contributors. In order to do so, the ICO needs a system that can be programmed to distribute the tokens without outside input. An ICO relies on common programming commands like conditional statements and loops to analyze, verify, and respond to incoming transactions. These pieces of code need to integrate with the blockchain on which the ICO is built. To understand Ethereums rise, its important to appreciate why its difficult to build new applications and currencies on the original Bitcoin blockchain. There are a few problems with the Bitcoin blockchain that make it a poor choice for ICOs. First, Bitcoin was designed as a currency system Continue reading >>

Ethereum Vs. Bitcoin

Ethereum Vs. Bitcoin

The AskMen Acquire team thoroughly researches & reviews the best gear, services and staples for life. Cryptocurrencies are on the rise and are beginning to function just like the US dollar, Swiss Franc, or Japanese Yen but in encrypted digital form. Using cryptography, a system of generating codes to secure information, holders of cryptocurrency can do business transactions digitally, while maintaining privacy and security on a global scale. Right now, there are two majorcryptocurrencies Bitcoin and Ethereum. These two currencies are fighting for dominance in the digital world. Both have their unique advantages and disadvantages. Both have the potential to change how we conduct global commerce and trade. To get a better idea of how they stack up against one another, we took a look at the benefits and flaws of Bitcoin and Ethereum. Bitcoin was launched in 2009 as an alternative to the worlds fiat currency system. It is the worlds first decentralized digital currency. Note: Fiat currency is the popular currency used by the majority of governments. This is a currency with full legal tender, but no physical commodity. Bitcoin is the first of its kind so it has taken the lead as the dominant cryptocurrency. This leadership role has given it an air of legitimacy as the preeminent digital currency of choice, since it has weathered the battles to be accepted, a battle it still fights to this day. Bitcoins launch was exciting and attracted many early-adopters who hoped to cash in on Bitcoin as it blazed new trails into the financial world. As a result, Bitcoin exchanges and trading services began to offer currency exchange, margin trading, data services, and liquidity for Bitcoin holders. As more of these specific financial centers sprung up, Bitcoin became more accepted, and i Continue reading >>

What Is Ethereum? A Step-by-step Beginners Guide

What Is Ethereum? A Step-by-step Beginners Guide

If you want to know what is Ethereum and how it works and what it can be used for, without going deep into the technical abyss, this guide is perfect for you. Important Note: This guide assumes a basic understanding of blockchain technology. If youre unfamiliar with blockchain, check out this step by step introduction for beginners . Beyond Bitcoin & first generation decentralized applications Although commonly associated with Bitcoin , blockchain technology has many other applications that go way beyond digital currencies. In fact, Bitcoin is only one of several hundred applications that use blockchain technology today. [Blockchain] is to Bitcoin, what the internet is to email. A big electronic system, on top of which you can build applications. Currency is just one. Sally Davies, FT Technology Reporter Until relatively recently, building blockchain applications has required a complex background in coding, cryptography, mathematics as well as significant resources. But times have changed. Previously unimagined applications, from electronic voting & digitally recorded property assets to regulatory compliance & trading are now actively being developed and deployed faster than ever before. By providing developers with the tools to build decentralized applications, Ethereum is making all of this possible. At its simplest, Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications. Is Ethereum similar to Bitcoin? Well, sort of, but not really. Like Bitcoin , Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capabil Continue reading >>

Proof Of Stake Faq Ethereum/wiki Wiki Github

Proof Of Stake Faq Ethereum/wiki Wiki Github

See A Proof of Stake Design Philosophy for a more long-form argument. No need to consume large quantities of electricity in order to secure a blockchain (eg. it's estimated that both Bitcoin and Ethereum burn over $1 million worth of electricity and hardware costs per day as part of their consensus mechanism). Because of the lack of high electricity consumption, there is not as much need to issue as many new coins in order to motivate participants to keep participating in the network. It may theoretically even be possible to have negative net issuance, where a portion of transaction fees is "burned" and so the supply goes down over time. Proof of stake opens the door to a wider array of techniques that use game-theoretic mechanism design in order to better discourage centralized cartels from forming and, if they do form, from acting in ways that are harmful to the network (eg. like selfish mining in proof of work). Reduced centralization risks, as economies of scale are much less of an issue. $10 million of coins will get you exactly 10 times higher returns than $1 million of coins, without any additional disproportionate gains because at the higher level you can afford better mass-production equipment. Ability to use economic penalties to make various forms of 51% attacks vastly more expensive to carry out than proof of work - to paraphrase Vlad Zamfir, "it's as though your ASIC farm burned down if you participated in a 51% attack". How does proof of stake fit into traditional Byzantine fault tolerance research? There are several fundamental results from Byzantine fault tolerance research that apply to all consensus algorithms, including traditional consensus algorithms like PBFT but also any proof of stake algorithm and, with the appropriate mathematical modeling, pr Continue reading >>

4 Amazing Benefits Of Ethereum Over Bitcoin

4 Amazing Benefits Of Ethereum Over Bitcoin

Bitcoin and Ethereum had always have strong competition between each party. Over the years, Ethereum was able to give Bitcoin a strong fight when it comes to winning peoples hearts and catching peoples attention. Some people that had a problem using Bitcoin always run to Ethereum. What is Ethereums advantage over Bitcoin? It Ethereum worth the risk? Lets find out! In todays contemporary world, the latest hype that is going on is the Crpto currency trend. People are confused between Bit coin and Ethereum and they actually do not know which surpasses the other. Though both the ecosystem is trying to do things in their own way, there are definitely some distinctive marks between the two. Various people are of impression that Bitcoin is better compared to all other currency platforms where they are token or digital asset. Bitcoin is one of the first major crypto currencies and has been around for nearly 9 years now. Ethereum is a very new currency platform that has been launched just a few years ago. Ethereum in comparison to Bitcoin offers some very interesting technological facts. The platform runs on smart contracts, which are a very new revolutionary technology, and it is being heard that this technology would also be part of the Bitcoin platform. Ethereum is technologically smarter while Bitcoin is not as sound and lacks decentralized applications. This makes Ethereum better than Bitcoin. Ethereum is technologically sound . Since Ethereum is a relatively new platform there is much more availability of coins. Bitcoin in comparison is a lot scarcer. Bitcoin is known to have a coin supply cap of 21 million BTC. Ethereum has around 92 million coins that are being circulated. People usually tend to overlook the fact that it will remain an inflatory currency. People tend to Continue reading >>

Ethereum Vs. Bitcoin, Is One Cryptocurrency Better Than The Other? | Digital Trends

Ethereum Vs. Bitcoin, Is One Cryptocurrency Better Than The Other? | Digital Trends

Cryptocurrencies can be a little confusing. Are they digital money or more like gold? Are they a new way to pay for things online or a way to store value? Those arent easy questions to answer when youre talking about hundreds of different cryptocurrencies, some old, some new, and some very different from the rest. When you focus Ethereum vs. bitcoin, though, there are some stark, obvious differences. Their age is the most obvious, with bitcoin having entered this world as the very first global cryptocurrency in 2009 and Ethereum only showing up in 2015 as a potential alternative. Although it is less proven than its predecessor, Ethereum does have a few nifty features which give it a lot more potential than its older sibling in some key areas. For the purpose of this guide, well look at two shared aspects of the cryptocurrencies: Their ability to act as a store of value and as transactional mediums. Well also take a look at some of the unique features which make them stand apart. If you want a more general look at cryptocurrencies, or the steps for how to buy , sell or trade bitcoin and Ethereum, have a read of some of our other guides. The most successful cryptocurrency for storing value continues to be bitcoin. As the most valuable coin in the world by quite some margin and the progenitor of the entire cryptocurrency revolution bitcoin has proven itself. Its far more recognized than any of its peers, and that makes it easier to buy, store, and sell. Thats not to say that Ethereum and its coin, Ether, have been ineffective. For such a young currency, Ethereum has proved to be one of the most popular. At the time of writing its market value and 24-hour trading volume are second only to Bitcoin. The actual monetary value for a single ETHhowever, is less than five percent Continue reading >>

What Is Ethereum And How Does It Differ From Bitcoin?

What Is Ethereum And How Does It Differ From Bitcoin?

What is ethereum and how does it differ from Bitcoin? The ethereum cryptocurrencyCredit:Bloomberg Ethereum is a rising star in the cryptocurrency world. It has quickly become the second largest digital currency in just over two years, booming in value and spurring the rise of hundreds of new rivals to Bitcoin. Launched in 2015, the value of ether (ethereum's currency)has increased rapidly. It suffered a set back before Christmas 2017, suddenly dropping from $850 to around $690 -a drop of about 20 per cent. Since then it has continued to show intense volatility, hitting highs of $1400 in January before slumping to less than $560. Last year sawmonths of increase in the price of Ethereum and rival cryptocurrencies like Bitcoin and Litecoin.At the start of 2017, one coin was worth around... Register or log in to view this and other Technology Intelligence articles. It's free and easy to do. Access brilliant stories, features and analysis Sign up to our exclusive Technology Intelligence daily newsletter Become part of our ambitious new Tech networking community Continue reading >>

What Is Ethereum?

What Is Ethereum?

Ethereum is a decentralized ledger protocol and a platform that promises unprecedented opportunities for developers of applications running on blockchain, both financial and non-financial. Ethereum is a decentralized ledger protocol and a platform that promises unprecedented opportunities for developers of applications running on blockchain, both financial and non-financial. Ethereum, eth, cryptocurerncy, decentralized Ethereum is a platform for creation of decentralized applications running on blockchain, through the use of smart contracts. Since its launch on June 30, 2015 , it has been steadily gaining popularity . Starting from late January 2016, it has experienced a surge. In March 2016, within less than a year of its existence, that growth culminated in Ethereum achieving a record-breaking market capitalization of over $1B . Since then, the passions have subsided and Ethereum has declined a bit. However, the coin is now second only to Bitcoin on the cryptocurrency market capitalization list. - The graphical representation of how Ethereum has been killing it Bitcoin has undergone a similar explosion of growth in the late 2013 - early 2014, when its price has reached its all-time high . Launches of several hundreds, if not thousands of different kinds of alternative cryptocurrencies followed. Some of those altcoins have managed to reach a certain degree of success, but none of them have achieved the heights of Ethereum. The platform has even enjoyed Microsofts attention, when it announced the launch of Ethereum Blockchain as a Service (EBaaS) based on the Microsoft Azure platform back in November 2015. Now the reader might be wondering: why did all of that happen? Well heres the short version: Ethereum is decentralized, like Bitcoin, but is capable of much, much mo Continue reading >>

Neo Versus Ethereum: Why Neo Might Be 2018s Strongest Cryptocurrency

Neo Versus Ethereum: Why Neo Might Be 2018s Strongest Cryptocurrency

Former IDF fighter, writer, and blockchain investor NEO versus Ethereum: Why NEO might be 2018s strongest cryptocurrency NEO is a platform with a purpose. Can it compete with Ethereum? Or better yet, does it even need to? NEO and Ethereum which pill will you take? Sorry, couldnt help myself. We care about this debate because were investors. From a developers perspective, functionality is the most important. There is no brand loyalty in blockchain yet. So if a platform can do something better than its competitors, it will win over developers. So which one does it better? This article is long because I have chewed through all the information I could find about NEO and Ethereum and digested it for you. There are lots of articles summarizing the differences between Ethereum and NEO, but they do the debate little justice. They skim over things, dont explore them well, explore only one aspect, or arent holistic in their analysis and dont explain why the differences even matter and what their relevance to the real world is. I was frustrated by the lack of a comprehensive article. This article is my response. I will admit that I explore NEO more in-depth than Ethereum. This is because so much information is widely available for Ethereum. With NEO, there is much less. As such, I focus on explaining NEO and then comparing that explanation to Ethereums capability. So bear with me, grab yourself an espresso and lock yourself in that room you do work in. This will be well worth your time. I also wont blame you if you just read the TLDR Too Lazy, Didnt Read under the articles. If Ethereum is Goliath, Neo is David. If Ethereum is Brad Pitt, NEO is Brad Pitts cousin, Zach Pittyounger, better dressed, and more talented but right now relegated to serving cocktails to Brad and his friend Continue reading >>

What Are The Advantages And Disadvantages Of Ethereums Blockchain Architecture? Steemcreated With Sketch.

What Are The Advantages And Disadvantages Of Ethereums Blockchain Architecture? Steemcreated With Sketch.

Bottom dollar: Ethereum is a platform, and thus will never be seen as efficient asother faster blockchains. Many complain at the speed of transactions for its cryptocurrency ETH, and I myself have had some laggy delays in transactions, as has @craig-grant who has talked about this in his videos. The roadmap instils major upgrades all the time it seems, and this includes moving Ethereum from a proof of work platform to a more efficient proof of stake one. This will be a tricky upgrade that will keep the developers busy, as well as the daily attacks that happen on the blockchain by rogue hackers. The worst thing I find about Ethereum is the lack of documentation to help people become Ethereum developers. I myself tried a few years ago and failed. Most of the online content is out of date and only covers the basics. To get to any depth within smart contracts is a tough gig. The Ethereum blockchain is such a new technology just like Steemit. Hopefully someone will put some Ethereum documentation together just like we've done with our FAQ section on Steemit - well done to Mr @timcliff on that one. Bottom dollar: Ethereum is a platform, and thus will never be seen as efficient asother faster blockchains. Many complain at the speed of transactions for its cryptocurrency ETH, and I myself have had some laggy delays in transactions, as has @craig-grant who has talked about this in his videos. I disagree with this statement entirely. ETH blocktimes are not slow at all ~15s. I am not sure what sorts of lag you are talking about but I send dozens of transactions every day and I would have conformations within a minute. Just because Ethereum is a platform does not mean it is inherently inefficient. The roadmap instils major upgrades all the time it seems, and this includes moving E Continue reading >>

Blockchain: A Very Short History Of Ethereum Everyone Should Read

Blockchain: A Very Short History Of Ethereum Everyone Should Read

Blockchain: A Very Short History Of Ethereum Everyone Should Read Opinions expressed by Forbes Contributors are their own. Even those who are not familiar with blockchain are likely to have heard about Bitcoin, the cryptocurrency and payment system that uses the technology. Another platform called Ethereum, that also uses blockchain, is predicted by some experts to overtake Bitcoin this year. Ethereum is an open-source public service that uses blockchain technology to facilitate smart contracts and cryptocurrency trading securely without a third party. There are two accounts available through Ethereum: externally owned accounts (controlled by private keys influenced by human users) and contract accounts. Ethereum allows developers to deploy all kinds of decentralized apps. Even though Bitcoin remains the most popular cryptocurrency, its Ethereums aggressive growth that has many speculating it will soon overtake Bitcoin in usage. While there are many similarities between Ethereum and Bitcoin, there are also significant differences. Here are a few : Bitcoin trades in cryptocurrency, while Ethereum offers several methods of exchange, including cryptocurrency (Ethereums is called Ether), smart contracts and the Ethereum Virtual Machine (EVM). They are based on different security protocols : Ethereum uses a "proof of stake" system as opposed the "proof of work" system used by Bitcoin. Bitcoin allows only public (permissionless or censor-proof) transactions to take place; Ethereum allows both permissioned and permissionless transactions. The average block time for Ethereum is significantly less than Bitcoins: 12 seconds versus 10 minutes. This translates into more block confirmations, which allows Ethereums miners to complete more blocks and receive more Ether. It is estimat Continue reading >>

Advantages Of The Ethereum-cryptocurrency

Advantages Of The Ethereum-cryptocurrency

As we have seen, the ethereum was presented by Vitalik Buterin in 2014 and has since attracted increasing interest from the public. Its technology is comparable to that of the bitcoin , as it also uses a blockchain and therefore applies the principle of decentralization. But it exceeds this technology thanks to a programming language of its own and which allows to design applications that will also be decentralized. The currency generated by the Ethereum, Ether has known a very great craze and very rapid growth which in May exceeded the billion dollars. At the base Ether was not conceived as a crypto money, but was to serve as a means of payment facilitating the good operation of the Ethereum network: By remunerating those who would bring their computing power to the network and as a means of payment under the Smart contracts. Ethereum has thus generated a cryptocurrency which a priori resembles the bitcoin because both based on transactions verified by a network and working through proof of calculation which make it possible to pay the miners . But these two currencies have many differences, and these differences can give certain advantages to the Ethereum. -Bitcoin was limited from the outset to a fixed number of 21 million units making this currency a deflationary currency. -Ethereum on the contrary has no limit and is therefore inflationary. -The bitcoin works with blocks limited to 1MB, used to avoid filling the blocks with quasi-zero transactions that can jam the network. But this limit reduces in fact, necessarily the field of possibilities of the bitcoin. -Ethereum also has no limit in MB, but has a limit of gas, that is to say the cost required in Ether to ensure the execution of a transaction. This limit can be increased as new blocks are created by the vote Continue reading >>

What Cardano (ada) Is Doing To Gain A Competitive Advantage Over Ethereum (eth)?

What Cardano (ada) Is Doing To Gain A Competitive Advantage Over Ethereum (eth)?

What Cardano (ADA) Is Doing To Gain A Competitive Advantage Over Ethereum (ETH)? Cardano (ADA) was launched in September 2017 and mostly ran unnoticed by most cryptocurrency traders until its price rallied with an appreciation of over 1,000 percent within weeks. Although Cardano is currently the fifth cryptocurrency coin with the largest market capitalization, its price has seen a correction over the past few weeks dipping from its previous late 2017 and early January mark of $1 to its current price below $0.6 per ADA. Firstly, Cardano boasts of being the only decentralized public Blockchain and cryptocurrency program built from scratch as well as being based on scientific philosophy. Basically, the Cardano team is in the process of working on a smart contract platform that will deliver advanced features than existing solutions. Furthermore, Cardano also claims to be among the first to build a Blockchain platform based on the Haskell programming language (one of the highly advanced and secure programming languages available). Cardano began way back in 2015 as a cryptocurrency that focuses on building sustainability in the world of cryptocurrency. Founded by Charles Hoskinson who is also a co-founder of Ethereum and a CEO at IOHK, the project is led by the Cardano foundation which is a nonprofit organization foreseeing the development of the project. Although Cardanos ICO already happened in 2015 with over 90 percent of its investors coming from Japan at the time such that ADA got to be referred to as the Ethereum of Japan in crypto circles, the organization has currently also partnered with universities (Lancaster University) and companies (Emurgo) that enable the actualization of its setting up a peer to peer review Blockchain platform based on scientific philosophy f Continue reading >>

What Advantages And Disadvantages Does Ethereum Have Over Bitcoin?

What Advantages And Disadvantages Does Ethereum Have Over Bitcoin?

What advantages and disadvantages does Ethereum have over Bitcoin? What advantages and disadvantages does Ethereum have over Bitcoin? What can you do with Ethereum that you simply cannot with Bitcoin? What price do you pay for these additional functionalities? I am just summing up some points found on various website and forums, thanks to original authors. While both the technologies focus on financial market and are based on a cryptographic blockchain with several programmatic features, they still differ significantly in many areas. For instance, Bitcoin is basically a cryptocurrency which was designed to replace the notes and coins in your pocket with a much reliable and easily available internet-based alternative. Whereas, Ethereum is a programmatic platform that can be utilized to build, deploy and implement smart contracts equally contributed by human and computer counter-parties. Both Bitcoin and Ethereum serve as currencies, they serve different purposes. Where Bitcoin is intended to be a general purpose currency, Ethereums Ether (its own internal currency) is used specially to finance the internal processes of Ethereum. In short, Bitcoin can be seen as an alternative currency whereas Ethereum is said to be the alternative law. All transaction processors come to an agreement in Bitcoin about what happened and when according to the transmission and storage of the Bitcoin value token. Whereas, the same is taken care of by Ether in Ethereum, along with the agreement about all processing done in all shared programs on Ethereum World Computer. Continue reading >>

What Benefits Can Ethereum Offer Over Centralized Models?

What Benefits Can Ethereum Offer Over Centralized Models?

Across every single layer of web development and technology, simplification is always the preferred route when evaluating two options. While thats a broad generalization, its true that when considering long term resources and general benefits of one option over another, the simpler product or service should win out most of the time . As Bitcoin, blockchain tech and now Ethereum have been proliferating throughout cutting edge early adopter circles, were seeing an early rush to be first-movers on capitalizing on the technology. Just about any app you can think of now that flows through a centralized server system could in theory become a Dapp (Decentralized Application). However, technology creators and advocates should objectively question whether Ethereums technology is right for them and if a blockchain or Ethereum based Dapp model actually holds benefits to their core idea over building a centralized model. What are the best examples of where decentralization and distribution trump traditional centralized models? Ethereum Smart Contracts ALWAYS Execute As Written Contracts of all types are written to be enforced and honored, however when the centralized model of having a contract written and managed by a lawyer or needing to be enforced by a judge or legal entity, the confidence that a contract will work as expected is not always there. Theres a sense of confidence when a business doesnt need to worry that their operations will execute as expected within the confines of their DAO (Distributed Autonomous Organization) or smart contract network. Whats more, the human and technological layers of enforcing contracts and operations arent needed as much anymore. Its expensive to keep employees within roles that are oriented towards ensuring that processes are happening as Continue reading >>

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