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Can Ethereum Be As Big As Bitcoin

Qtum Partners With Baofeng To Become Bigger Than Bitcoin And Ethereum

Qtum Partners With Baofeng To Become Bigger Than Bitcoin And Ethereum

Qtum Partners With Baofeng To Become Bigger Than Bitcoin And Ethereum Singapore 4 January 2018 Qtum , the blockchain application platform, has partnered with Baofeng , the Chinese video portal giant, to help achieve the worlds first Blockchain Consensus Network (BCN) and build the most decentralized blockchain node network. With the help of Baofeng, Qtum will run 50,000 full network nodes and become the blockchain platform with the largest number of nodes. Currently the Bitcoin network has around 10,000 and Ethereum has roughly 20,000 full nodes. The introduction of such a large number of nodes will expand the security, stability and response speed of Qtums blockchain, providing underlying support for more enriching Dapps in the future and expanding the Qtum ecosystem. Were excited to have the support of Baofeng, and Storms massive user base is a treasure for us, said Patrick Dai, CEO and Co-Founder of Qtum. We look forward to their developers ideas and contributions to the Qtum platform, and to dedicating this collaboration to the advancement of blockchain technology. It is expected that, with this fresh blood injected into Qtums community, more users will become aware of blockchain technology and lots of developers will be attracted. As a result, Qtum will become one of the most reliable mainstream public blockchains. Baofeng will also work on Qtums platform to introduce new video distribution, copyright protection and payment system technologies. For Baofeng which was listed in March 2015 by the Shenzhen Stock Market and is now valued at more than 8 billion CNY according to the data from the Shenzhen securities exchange this partnership demonstrates the great potential of dynamic integration between blockchain technology and the traditional video industry. We are ve Continue reading >>

Expert Reveals Only One Cryptocurrency Will Win Bitcoin, Ripple Or Ethereum?

Expert Reveals Only One Cryptocurrency Will Win Bitcoin, Ripple Or Ethereum?

Expert reveals only ONE cryptocurrency will WIN bitcoin, Ripple or ethereum? BITCOIN is facing serious competition for other cryptocurrencies like Ripple and ethereum but one expert has warned that there can only be one winner. Bitcoin was the original but that does not mean it will be the Airbnb of cryptocurrency, Peter Van Valkenburg, Coin Center's director of research has warned. Speaking to CBS News , he said: As far as differentiating how all these things differ. Well, bitcoin is the original, it was open-source software and a white paper that was released in 2008 and 2009 describing the technology. So its been around for a while, its battle-tested. The central ledger of transactions, so the thing that powers the whole network has never been hacked which is remarkable for a highly speculative new technology to have existed for this many years and not been hacked. Bitcoin is facing competition from new cryptocurrencies like Ripple and ethereum Which one will be the winner, which one will be the Airbnb, or spaceX and not the Pets.com So its conservative, which sounds ridiculous when youre talking about cryptocurrencies, that its the conservative one but it is from a technological stand point, its very simple. But he said that new cryptocurrencies like ethereum have more functionalities which give bitcoin some stiff competition. Mr Van Valkenburg said: Now the newer ones like ethereum, they add more functionalities so maybe you can have more rich and interactive contracts. It becomes programmatic and kind of fun we can write software code for how the funds should flow, according to rules. But he added that like with the dot com bubble of the 1990s, it is difficult to figure out which cryptocurrencies will flop. He said: The question with cryptocurrency is, there are Continue reading >>

Ripple Will Be Bigger Than Bitcoin If It Hits $7

Ripple Will Be Bigger Than Bitcoin If It Hits $7

Market capitalization has become an obsession with many cryptocurrency watchers. It refers to the value of the entire digital currency in circulation and is worked out by multiplying the supply of the virtual coin by the price per unit. With bitcoin , the largest cyrptocurrency by market cap, having a quiet start to the year, many investors are looking at alternative cryptocoins. Ethereum and ripple , for example, have seen fairly strong rallies to begin the year . And many are wondering which one could usurp bitcoin as the biggest cryptocurrency. Ethereum and ripple have been jostling for the second spot, and that has changed depending on price. That jostling turned volatile on Monday as the price of ripple tumbled . Bitcoin also fell, while ethereum gained in value. Ripple's current circulation is 38,739,144,847 digital coins. At Monday's earlier price of $2.49, its market cap was $96.46 billion, according to CoinMarketCap.com. Bitcoin's market cap, meanwhile, was $254.2 billion on Monday. For ripple to surpass this, the cryptocurrency would only need to get to $6.57. This would require a rise of 164 percent. It rose nearly 36,000 percent last year. Ethereum has a circulating supply of 96,846,982. Its current price is $1,119, according to CoinMarketCap. Its market cap is $108.3 billion. Ether would need to rise to around $2,700 to surpass bitcoin's value. This would require a 134 percent rally from Monday morning's price, which is smaller than the rise required by ripple. Both these cryptocurrencies benefit from having larger circulating supplies than bitcoin. It means the price of each digital coin can be lower to achieve a higher market cap. Bitcoin's supply is capped at 21 million with the current supply standing at 16,789,425. With bitcoin's dominance standing at Continue reading >>

Bitcoin Vs. Litecoin Vs. Ethereum: The Difference In The Cryptocurrencies | Inverse

Bitcoin Vs. Litecoin Vs. Ethereum: The Difference In The Cryptocurrencies | Inverse

Here are the key differences between the three. The original. First outlined in a 2008 white paper published to the P2P Foundations website by a mysterious figure known only as Satoshi Nakamoto, Bitcoin introduced a number of key ideas that have underpinned several other cryptocurrencies since. This includes the blockchain , the public ledger that enables communities to share a decentralized cryptocurrency without fear of doubling over on transactions. In terms of price, Bitcoin has exploded over the past few months, with a price of $2,000 in May skyrocketing to almost $8,000 in November, and reaching $14,000 in December . Introduced in 2013 by then 19-year-old Vitalik Buterin, on the surface Ethereum seems a lot like Bitcoin. Its better to think about it as a software platform, though. One where decentralized apps or dApps use the blockchain to undertake transactions. At the time of writing, one ether is worth $676.63. Ethereum can run what are called smart contracts, which are best thought of as simple instructions that can move the ether cryptocurrency around. Its a bit like an instruction to the bank, except its instant and handled by computers . This allows for ambitious sets of instructions; insurance firm AXA has experimented with smart contracts that trigger a payment request if a flight is delayed by two or more hours. Created by Charlie Lee, a former director of engineering at Coinbase, Litecoin is all about transfer speed improvements. At the time of writing, one litecoin is worth $321.20. Bitcoin uses the SHA-256 algorithm to mine new coins, leading to giant setups that use tons of specially designed mining hardware to crank out more coins. Litecoin, on the other hand, uses Scrypt, which demands memory instead of processor resources. That stops these giant Continue reading >>

Ethereum Is Actually Bigger Than Bitcoin And All Altcoins Combined

Ethereum Is Actually Bigger Than Bitcoin And All Altcoins Combined

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Ethereum Could Be Worth More Than Bitcoin Very Soon

Ethereum Could Be Worth More Than Bitcoin Very Soon

Ethereum Could Be Worth More Than Bitcoin Very Soon Ether is the second most valuable cryptocurrency on the planet, and gunning for Bitcoin's crown. Founder, angel investor, adviser, blockchain evangelist @BrianDEvans Editor's note: This column has been updated to disclose the writer's advocacy of blockchain technology--the underpinning of all crytocurrencies--and a Consumer Financial Protection Bureau warning about these investments. Ethereum has been a grand slam for the tech and entrepreneurial community, major corporations, as well as Ether investors . If you aren't familiar, what Bitcoin does for payments, Ethereum does for anything involving programming and computing. While it utilizes its own version of a blockchain , it is functionally different from Bitcoin. (It should be noted here that I am an advocate of blockchain technology.) For example, on the Ethereum platform you could host a crowdfunding campaign or any type of "smart contract." Ethereum's goal is to make a decentralized internet. And it has a very good shot at becoming "the new internet," literally. It could one day replace a lot of technology and ways that we host and execute code online. Editor's note: Bitcoin and digital currencies, as with any investment, may involve the risk of loss. The Consumer Financial Protection Bureau has warned that virtual currencies, including Bitcoin, carry "significant risk" to consumers. As of the time of writing, Ethereum has a market cap of over $17 billion. Bitcoin's market cap is $34 billion. This makes Ether (the name of Ethereum's token) the second most valuable cryptocurrency in the world. And that number jumped up over $3 billion just yesterday. It's making a major climb and has no end in sight, according to many. The Enterprise Ethereum Alliance is what ini Continue reading >>

Bitcoin Ethereum: 7 Cryptocurrency Predictions From Experts | Fortune

Bitcoin Ethereum: 7 Cryptocurrency Predictions From Experts | Fortune

Get Data Sheet , Fortunes technology newsletter. 1. Bitcoin and Ethereum are here to stay. Most people who are enthusiastic about cryptocurrency appear to agree that Bitcoin and its newer rival Ethereum have staying power, though they may be more bullish on one versus the other. In terms of 5 to 10 years, Bitcoin and Ether will be around I bet, Balaji Srinivasan told the room of more than 70 people. Peter Smith said his company, Blockchain, which was early to Bitcoin, has only just started to warm up to newcomer Ethereum. In contrast, Mike Cagney, CEO and cofounder of SoFi, a personal finance company, said during a separate session on the main stage that he was hotter on the latter technology . Bitcoin has some purpose but its application for commercial transaction is limited right now, Cagney said. The blockchain and Ethereum, on the other hand, have absolutely fascinating infrastructure applications, he continued, mentioning the possibility to overhaul title insurance, which involves policies related to real estate, as one example. 2. As yet unknown coins will hit the big time. Bitcoin and Ethereum may have stolen the show at this point, but the innovation wont end there. Expect more winners on the horizon. Kathleen Breitman is hopeful that Tezos, her own blockchain bet, will fill a niche that solves problems with extant blockchains. In particular, she and her projects developers are designing Tezos to automatically push software updates out to the network, thus, in theory, avoiding the divisive feuding over upgrades that has wracked systems like Bitcoin over the past few years. No one can say how many tokens and coins and blockchain protocols will eventually win out, but the experts seem to think theres room for a multitude. Its likely that another one or two domina Continue reading >>

How To Beat Fomo: What Are Bitcoin & Ethereum Worth In2020?

How To Beat Fomo: What Are Bitcoin & Ethereum Worth In2020?

How to beat FOMO: What are Bitcoin & Ethereum worth in2020? 6/13/17 Edit: updated with feedback from a few Redditors Its been a big year for cryptocurrencies, with the total market cap for crypto jumping 6x since January 1st - from $18B to over $111B as of June 13th. The FOMO (fear of missing out) is real. New money is entering the market at a staggering rate - to the degree that many exchanges have had problems on-boarding and verifying their new customers to keep up with demand. These new investors are coming in droves after hearing about sky-high returns from a friend or friends friend or a friend of a friends friend. Once theyve gotten through the verification process on Coinbase or Gemini or Kraken, they execute their first market order and the rush of the cryptocraze washes over them. To the MOON! Then price drops by 10%, our new investor freaks out, convinces themselves that theyre hardly ever right, that ETH or BTC is going to $0 and that they should just cut their losses. They panic sell, adding fuel to the micro-bear run and the price continues to drop. Whew, that was close. Got out just in time. A short time later, they see that the price is not only retracing back toward their entry price, soon theyll realize that it will exceed it. They just bought high and sold low. They leave the market. Recent moments of FOMO in BTC & ETHtrading Weve seen this play out a number of times this year, and as an investor myself, I too get concerned when I see the price of ETH & BTC begin a FOMO trend. Ive seen the value of my portfolio drop by 2050% in hours. However, in order to counteract FOMO and any knee-jerk panic selling reaction I might have, Ive done two things: First, Ive taken my coins off of the exchanges. This prevents me from having my finger on the trigger and Continue reading >>

Goldman Issues A Warning On Bitcoinand An Even Bigger Warning On Ethereum

Goldman Issues A Warning On Bitcoinand An Even Bigger Warning On Ethereum

Goldman issues a warning on bitcoinand an even bigger warning on Ethereum Goldman quotes historian on tulip bubble: Our descendants doubtless will laugh at the human insanity of our Age The chorus of bitcoin bears is growing louder by the day. The latest to issue a stern warning against the worlds largest digital currency is Goldman Sachss investment management division, which wrote that there is no doubt that the cryptocurrencys astronomical rise over the past year has pushed it into bubble territory. The firm added that bitcoins meteoric rise in a short time has dwarfed the rise seen during the dot-com bubble. They added: We also believe that cryptocurrencies have moved beyond bubble levels in financial markets, and even beyond the levels seen during the Dutch tulipmania between 1634 and early 1637. Bitcoin BTCUSD, -1.95% last traded at $10,900.77, up 1.2% on the day. The digital currency, maintaining one of its most notorious qualities, has been incredibly volatile in 2018, seeing massive swings on a near daily basis. Over the past year, bitcoin has risen by a factor of more than 10, although it has also dropped significantly. After closing 2016 under $1,000, it subsequently soared throughout most of last year, peaking near $20,000 in December before turning sharply lower. The volatility of the market, along with a lack of regulation, was cited by the Securities and Exchange Commission as reasons why it was unlikely to approve an exchange-traded fund related to bitcoin soon. Related: Bitcoin could fall off cliff, drop 90%, one Wall Street strategist warns Other digital currencies have seen similar moves over the past year, both up and down. Ripple, which is currently the third-largest cryptocurrency, went from trading under one penny a year ago to more than $3.30 in Continue reading >>

Here's Everything You Need To Know About Ethereum, The Next Big Cryptocurrency

Here's Everything You Need To Know About Ethereum, The Next Big Cryptocurrency

Here's Everything You Need to Know About Ethereum, The Next Big Cryptocurrency By now, everyone's heard about the meteoric rise of Bitcoin. The cryptocurrency smashed a record-breaking US$8,200 on November 20, with many predicting its price will continue to increase. But Bitcoin is far from the only cryptocurrency, and some would argue that it's not the one with the most promise. Ethereum is currently the second most valuable cryptocurrency on the market just two years after its launch, and in 2018 it's set to become even more talked about. Ethereum is similar to Bitcoin in the sense that they're both open-source platforms based on blockchain technology. Both cut out the middle man (AKA the banks) in financial transactions, which is why cryptocurrencies have the potential to be so destabilising . But while Bitcoin is limited to using blockchain technology for Bitcoin payments, Ethereum can be used to build decentralised computational platforms. Ethereum's currency, the ether, also runs on sophisticated "smart contracts" which uses an if:then system, which means it can only be traded if certain conditions are met. So it's no surprise then that over the past two years the value of the ether has already risen to more than US$360 at the time of publishing. And there are predictions its value will increase steadily in 2018 . To help you become an early adopter of the cryptocurrency and fully understand how it works, we're offering The Complete Ethereum Blockchain Mastery Bundle on ScienceAlert Academy for just US$21 for a limited time - it's usually US$29 and the total course value is US$610). The bundle includes four courses and more than 21 hours of lectures, covering everything from the basics of blockchain technology to using Ethereum for your own products. Ethereum Blo Continue reading >>

'micro' Finance Giant Robinhood Makes Big Bet On Bitcoin

'micro' Finance Giant Robinhood Makes Big Bet On Bitcoin

'Micro' Finance Giant Robinhood Makes Big Bet on Bitcoin Jan 25, 2018 at 16:00 UTC|UpdatedJan 29, 2018 at 13:03 UTC Stock trading mobile app provider Robinhood is jumping on the crypto-trading bandwagon. Announced today, the company, which was founded in 2013 as a way to democratize stock trading, said it plans to roll out bitcoin and ether trading services via its mobile apps next month. Not only does the company hope to attract cryptocurrency enthusiasts to its more traditional products, but it's also launching the service to catch some of the momentum cryptocurrency has seen as of late. "We've come to understand that cryptocurrencies as an asset have exhibited clear and underlying resiliency and have integrated themselves as part of a diversified and balanced portfolio,"Robinhood co-founder and CEO Vlad Tenev told CoinDesk. To start with, the service will only be offered to usersin California, Massachusetts, Missouri, Montana and New Hampshire, but more states are set to follow. The company, which is regulated in the U.S. by the SEC and the Financial Industry Regulatory Authority (Finra), plans to offer the crypto trading service for free. Plus, it promises instant transferson cryptocurrency purchases for amounts of $1,000 or less, a significant improvement on the time it generally takes for people to buy cryptocurrency for the first time. "We view entering crypto as a way to extend our user base and build our brand." While offering the service for free could seem risky, Tenev said, the company hopes to attract investors from the $550 billion cryptocurrency industry to the platform and its products, which already provide revenue streams. Specifically, the firmcharges for a premium service called Robinhood Gold that enables margin trading and after-hours trading. The Continue reading >>

Will Ethereum Be A Better Investment Than Bitcoin In 2018?

Will Ethereum Be A Better Investment Than Bitcoin In 2018?

By UseTheBitcoin in Cryptocurrency News Home In 2009, Bitcoin was introduced and not many people knew about it. Over time, when people learned about the decentralization from fiat money, they learned they can be more free. No more worrying about your money being frozen from big banks and intermediaries like PayPal. You are your bank now. However, Bitcoin got much bigger than most people thought and it did that very fast. With its increase in price so quickly, it has suffered an increase in transaction fees and also a slowdown in its transaction speed. However, it is still useful. When Ethereum came out, it was looked down upon because the market hadnt matured yet. No one understood much about cryptos beyond the peer to peer transfer. When the difference between Bitcoin and Ethereum was established, that is when we had a surge of the altcoin rush. This caused prices to skyrocket on all altcoins. It seems as if the roles have been reversed and there is more doubt on Bitcoin than anything else. This is why we recommend you hodl Ethereum over Bitcoin. With Bitcoins increase in price, it has been dubbed as gold 2.0 because of its store of value like feature. It is the most expensive cryptocurrency and it actually has the highest market cap. Bitcoin has also been the most resilient. It has the ability to drive the market up or down. If people start taking money out of Bitcoin, expect the whole market to come down. The vice versa also happens. With Bitcoins recently mempool always being full along with the transactions being so expensive, people are looking for other routes. There are upgrades that are expected to fix this but it doesnt seem like it will be here anytime soon. This is called Lightning Networking and it will have an effect on many other cryptocurrencies too. Et Continue reading >>

Bitcoin's Biggest Competitor Isn't Ethereum -- It's This

Bitcoin's Biggest Competitor Isn't Ethereum -- It's This

Bitcoin's Biggest Competitor Isn't Ethereum -- It's This Could this cryptocurrency one day dethrone the almighty bitcoin? To borrow and modify a catchphrase from sports commentator Dan Patrick: "You can't stop cryptocurrencies, you can only hope to contain them." Since the year began, the aggregate value of all cryptocurrencies combined has surged from $17.7 billion to a fresh all-time high of $305 billion, as of Nov. 27. In less than 11 months' time, the value of all virtual currencies has risen by more than 1,620%! Mind you, the stock market, inclusive of dividend reinvestment, has historically gained about 7% per year. Digital currencies have absolutely left traditional assets in their dust this year. Leading the charge is bitcoin, which appears to be knocking on the door of $10,000 per coin. Bitcoin began the year below $970 a coin, so it's had an incredible run. Its current market cap of $162 billion actually places it ahead of Dow Jones Industrial Average stalwart General Electric. Bitcoin's biggest competitor isn't Ethereum Bitcoin isn't alone. In fact, CoinMarketCap.com lists 1,327 different investable virtual currencies as of Nov. 27 -- many of which have their very own underlying blockchain. Blockchain is the digital and decentralized ledger that records transactions without the need for a financial intermediary like a bank or credit union. With a low barrier to entry -- i.e., anyone with time, knowledge, and funding can create blockchain -- competition among virtual currencies and their blockchains can be fierce. The biggest competitor to bitcoin and its crypto-empire might appear to be Ethereum. Ethereum has the second-largest market cap of any digital currency, and it's had an even better year-to-date performance than bitcoin. Further, its blockchain is be Continue reading >>

Bitcoin Shock: Cryptocurrency Could Be Overtaken By Ethereum As World Leader, Experts Say

Bitcoin Shock: Cryptocurrency Could Be Overtaken By Ethereum As World Leader, Experts Say

Billionaire Michael Novogratz says 20 per cent of his fortune is in Ethereum and Bitcoin I think we end the year at close to $500 in ethereum. Theres a lot of positive things happening in the ethereum ecosystem. I think we end the year at close to $500 in ethereum. Theres a lot of positive things happening in the ethereum ecosystem. The vision is that ethereum would enable this same functionality to people anywhere around the world, enabling them to compete to offer services on top of this infrastructure. It is a vision which has left plenty of people impressed. Billionaire ex-hedge fund manager Michael Novogratz, who revealed this year that 20 per cent of his net worth was in bitcoin and ethereum, told Bloomberg: Just in the last few days ethereum has started to move, and I actually think its going to put a new high soon. I think we end the year at close to $500 in ethereum. Theres a lot of positive things happening in the ethereum ecosystem. Ethereums price rise has been fuelled by the boom in so-called initial coin offerings (ICOs), whereby startup companies issue digital coins in exchange for real money for fund their projects - a form of crowdsourcing. Most of these are done using the ethereum blockchain. Charles Hayter, the CEO of Cryptocompare, said recently: "To invest in many of these ICOs one must use bitcoin or ethereum in the majority of cases. $3.2million was invested in January 2017, this has increased to a peak of over $720million in June. "With a total of $3.8billion invested to date, the vast majority of which has been invested in 2017. The ICO craze has had a much more significant impact on the price of ethereum which is the primary way to invest in ICOs." Continue reading >>

Eos Will Be Bigger Than Bitcoin And Ethereum

Eos Will Be Bigger Than Bitcoin And Ethereum

EOS is an open-source software platform that can be used to deploy smart contracts on the blockchain. Claiming to be able to scale to thousands of transactions per second, people are able to build applications that are fast to use. Decentralised technologies cannot take off until they can compete with centralised alternatives. Lets face it, the average consumer does not care about decentralisation. It is clear that a lot of people kid themselves into believing otherwise. At this moment in time, neither Bitcoin nor Ethereum, nor any other blockchain platform delivers as good performance or user-experience as their centralised counterparts. I think that Steemit users know this better than anyone EOS has been designed with parallelism in mind. Focussing on an improved throughput and scalability in order to process thousands of transactions per second and is currently in the process of building the architecture needed to support this. The abuse of decentralised platforms and the lack of accountability Furthermore, whilst decentralisation has a huge number of positives, it also carries negatives. I use Steemit again as an example. Everyday we see people abusing the platform. This kind of damaging behaviour is also exhibited in the mining pools of Ethereum and Bitcoin. Ethereum miners have been known to delay and cancel transactions in hope of gaining extra gas. EOS is actually leading the way by realising that these issues need to be addressed in a decentralised manner. This will be achieved through the creation of a governance constitution. Details of which are imminent. But Alex, the length of the ICO is 12 months!? EOS has been criticised for the length of its ICO. However, technically if you consider the token distribution process of EOS being 12 months, this is nowhere Continue reading >>

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