CryptoCoinsInfoClub.com

Can I Buy Anything With Ethereum

What Can You Do With It

What Can You Do With It

The purpose of this page is to serve as an introduction to the basics of Ethereum that you will need to understand from a development standpoint, in order to produce contracts and decentralized applications. For a general introduction to Ethereum, see the white paper , and for a full technical spec see the yellow papers, although those are not prerequisites for this page; that is to say, this page is meant as an alternative introduction to Ethereum specifically targeted toward application developers. Ethereum is a platform that is intended to allow people to easily write decentralized applications (apps) using blockchain technology. A decentralized application is an application which serves some specific purpose to its users, but which has the important property that the application itself does not depend on any specific party existing. Rather than serving as a front-end for selling or providing a specific party's services, a app is a tool for people and organizations on different sides of an interaction use to come together without any centralized intermediary. Even necessary "intermediary" functions that are typically the domain of centralized providers, such as filtering, identity management, escrow and dispute resolution, are either handled directly by the network or left open for anyone to participate, using tools like internal token systems and reputation systems to ensure that users get access to high-quality services. Early examples of apps include BitTorrent for file sharing and Bitcoin for currency. Ethereum takes the primary developments used by BitTorrent and Bitcoin, the peer to peer network and the blockchain, and generalizes them in order to allow developers to use these technologies for any purpose. The Ethereum blockchain can be alternately described a Continue reading >>

Why Ethereum Is Great Forpayments

Why Ethereum Is Great Forpayments

Photo by Babak Fakhamzadeh (CC BY-NC-ND2.0) Tech people love cool new things, and when we talk about Ethereum we hardly ever talk about it as a way of doing things Bitcoin could already do. But the experience of using Bitcoin to pay for things is getting increasingly painful, and its time has come to look at how Ethereum could help. Ethereum people have often tended to tip-toe around its usefulness for payments; many cut their crypto teeth on Bitcoin, and they are generally uninterested in picking a fight. But Im going to argue that Ethereum is not just capable of doing online payments, but actually seriously great. People often think of Ethereum as a complicated technology. Its true that to make full use of all its smart contract capabilities, you need to wrap your head around a bewildering array of technologies and sub-projects . But you dont have to use all that stuff, and where it counts, payments on Ethereum are simple. There is no such thing as a Bitcoin. A Bitcoin transaction consists of actions performed against a payment you received earlier: combining previous payments and splitting previous payments . If I send you 10 Bitcoins, I may simply be forwarding the result of a previous payment I received from someone else of exactly 10 Bitcoins. But more likely Im combining a number of previous payments together. And that hardly ever comes out at exactly the amount I want to send, so Im also sending another payment back to myself. This gives users a lot of control over the way they handle payments that depend on each other. But when you look at a typical bitcoin wallet, you see very little about UTXO: unspent transaction output. Wallet authors know theyre doing: Elegant and powerful as it may be, the UTXO scheme doesnt match the normal users mental model of what a Continue reading >>

When You Buy Ethereum, What Are You Actually Purchasing?

When You Buy Ethereum, What Are You Actually Purchasing?

When you buy Ethereum, what are you actually purchasing? Well, your question is actually common. People either just think they know what they are doing or just are embarrassed to ask this question. Lets clear some misconceptions: Ethereum is a Blockchain Technology. Not a money. And Ethers or so called Ethereum Network Tokens, are the tokens or you can say money that it is needed if you want to use the Ethereum Network for any purpose only. So when you buy, you are buying Ethereum Network Token or Ethers. Think is like a special kind of money which on one hand has some fiat-related valuation and on the other hand has technology-related valuations. If you have ETH now, later on you can use it to get back your money if its valuation has increased. Or just use to in ETH network, according to your needs. There are many projects derived from Ethereum, where you can also use the Ethers you purchased. Like converting and using other techs, like Golem, Gnosis, etc. Heres a simplification of the value proposition. To simplify things, first start from the perspective of a citizen in a third world country with an unstable currency. Because the stability of a currency is a measure of faith in the government, this person wants to buy bread. Today it is 5, yesterday it was 2, tomorrow it will become 8. To this person, this piece of paper is not backed up by enough trust to be used to buy anything. What they can then do instead is to use their own currency to buy something like, like U.S. dollars. Since the U.S. is such a powerful country, many people do this and the economy can end up running on the U.S. dollar. In many tourist heavy places, people simply accept money in U.S. dollars. So this person has traded a piece of paper for another piece of paper, but the latter has more valu Continue reading >>

Everything You Need To Know About Ethereum

Everything You Need To Know About Ethereum

Everything You Need to Know About Ethereum From catalysts to concerns, here's your one-stop guide to all things Ethereum. Cryptocurrencies have been unstoppable this year. When the calendar does finally change to 2018, this year could go down as the single greatest year of gains for any asset group that investors have ever seen. Cryptocurrencies take center stage in 2017 When the year began, the aggregate value of all cryptocurrencies combined was $17.7 billion. As of Dec. 17, the more than 1,300 tradable cryptocurrencies had a combined market cap of $594 billion. For you math-phobic people, that's a return of more than 3,200%, which has taken the S&P 500 decades to deliver to investors. In fact, many of the largest cryptocurrencies have left even the best-performing stocks in the dust this year -- so much so that a side-by-side chart comparison between a virtual currency and a traditional equity makes the return of the equity look like a flat line. Bitcoin is often credited as being the driving force behind the march higher in digital currency, and with good reason. It's the world's most popular digital currency with merchants, and was also the first tradable cryptocurrency. It also doesn't hurt that bitcoin comprises nearly 55% of the aforementioned $594 billion market cap. It has a ton of influence over the movement of virtual currencies. However, the bizarre truth is that bitcoin has drastically underperformed its peers in 2017. Though its coin has rallied to nearly $20,000 after beginning the year at $967, many of the top 10 cryptocurrencies by market cap have gains of 6,000% to over 10,000% year to date. Virtual currencies not named "bitcoin" is where the interest and action has been all year. And arguably at the top of the list of most popular non-bitcoin crypto Continue reading >>

Can You Buy Anything Real With Bitcoin? On The Streets Of Bristol, It Proves A Hard Sell

Can You Buy Anything Real With Bitcoin? On The Streets Of Bristol, It Proves A Hard Sell

Can you buy anything real with Bitcoin? On the streets of Bristol, it proves a hard sell The digital currency can now be bought at ATMs around the country A customer buys 20 worth of Bitcoin at one of the new ATMs.Photograph: Alamy Stock Photo Can you buy anything real with Bitcoin? On the streets of Bristol, it proves a hard sell The digital currency can now be bought at ATMs around the country Last modified on Friday 1 December 2017 22.01EST My journey into the dark economy starts much as expected: in front of a computer screen, late at night. It ends somewhere quite unexpected, in a humdrum setting a world away from the stereotype of modernity, equality and sticking it to the man promised by digital currencies such as Bitcoin: it ends in a used DVD store, my purchase refused. The dark economy is moving into the light. In a few scattered places, 40 or so in London, one in Manchester, another in Birmingham, Bitcoin ATM machines have appeared, issuing the cryptocurrency from an unlikely array of convenience stores, vaping outlets and barbershops. Does this mean that the virtual has become real? Can anyone join the Bitcoin challenge? Can you buy stuff with Bitcoin ? And what the heck is a cryptocurrency anyway? I find the future of digital trading in the scuzzy hipster oasis of Stokes Croft in Bristol. Standing forlorn among the artisan bakers and cocktail bars is the Best Supermarket. A mainstay of local life, it dispenses all the essentials that an artisan bakery cannot provide. Amid the sweets and quarter bottles of spirits is the Satoshi Point, one of several Bitcoin ATMs run by the company that takes its name from the mythical founder of the online currency, Satoshi Nakamoto . Its crazy, people come in here all the time, says Majid Khan from his vantage point behin Continue reading >>

How To Use Ethereum - Coindesk

How To Use Ethereum - Coindesk

The thought of using ethereum might sound intimidating, but it could be rewarding. If the 'unstoppable world computer' develops according to plan, it could provide alternatives to the Facebooks and Googles that many people use everyday(as explained in " What is Ethereum? "). Ethereummight not be as intuitive as the web as we know it today, but still, anyone with a computer or a smartphone can try the platformout as long as they own ' ether 'unique pieces of code that allow updates to the blockchain's ledger. First, you need a place to securely store your ether (or at least a place to store your private keys). This brings us to ethereum 'wallets'. One caveat is that losing your private key is a much bigger deal than misplacing a password: it means losing your ether, forever. Removing trusted partiesis a two-edged sword. While intermediaries are no longer needed to verify transactions, there's no help desk to turn to for help recovering your secret key. With that in mind, there are plenty of options for wallets to store cryptocurrency: desktop wallets, web wallets, hardware wallets and paper wallets. Choosing one depends on your preferences for convenience and security. Usually these two concepts are at odds with one another: the more convenient, the worse the security (and vice versa). Desktop wallets run on your PC or laptop. One option is to download an ethereum client (a copy of the entire ethereum blockchain). There are a few ethereum clients written in different programming languages and with different performance tradeoffs. This process can take up to a couple days, and will only increase as ethereum grows. The wallet then needs to stay in sync with the latest transactions on the blockchain. Mobile clients, or 'light' clients, require less data to be downloaded to Continue reading >>

Bitcoin And Ethereum Price Has Peaked, Billionaire Says | Fortune

Bitcoin And Ethereum Price Has Peaked, Billionaire Says | Fortune

About two months ago, hedge fund billionaire Michael Novogratz made a bold announcement: Hed put 10% of his net worth into digital currencies including Bitcoin and Ethereum. But a lot can happen in a couple of months. Specifically, the price of Bitcoin has more than doubled, and the Ethereum price has multiplied six-fold. So around the time the cryptocurrencies reached all-time highs earlier in June, with the Bitcoin price hitting $3,000 and Ethereum breaking $400 the following day, Novogratz thought the current crypto boom had topped out. He sold a bunch of his digital coins. I think the market had a spectacular run, and trees dont grow to the sky, Novogratz said this week, speaking at CBInsights Future of Fintech conference in New York. So I probably still have roughly 10% of my net worth in crypto, but its been scaled way back. I own a lot less coins, theyre just worth more, Novogratz added. His call turned out to be well-timed. Just days after setting record prices, Bitcoin and Ethereum crashed as much as 25% in just 24 hours. Ethereum kept right on falling, at one point trading 46% off its high and thats not even counting last weeks flash crash in which the price briefly plummeted to just 10 cents. Cryptocurrency traders have become accustomed to their prices violently whipsawing up and down in waves a 30% drop in the Bitcoin price in May preceded its recent peak by about two weeks but the current downdraft appears more sustained. Though the cryptocurrencies, rooted in a technology system known as the blockchain, have each since recovered some of their losses, they have yet to come anywhere close to their highs. Now, Novogratz, who formerly ran a hedge fund at Fortress Investment Group and now invests in blockchain companies, thinks the cryptocurrencies have peake Continue reading >>

5 Things Didn't Know You Could Buy With Bitcoin | Digital Trends

5 Things Didn't Know You Could Buy With Bitcoin | Digital Trends

Posted on December 21, 2017 - 12:00PM 12.21.17 - 12:00PM This year, bitcoin went from being a niche hobby to a money-making phenomenon . We cant tell you exactly how much its worth when you are reading this (due to its constant fluctuation), but its probably enough to have gotten you curious at some point. One of the biggest hurdles with any alt-currency is knowing what exactly you can do with it. However, the more established bitcoin becomes, the more retailers and businesses will be willing to accept it as a legitimate currency. Here are five things you probably didnt realize you could buy with your bitcoins. Not only can gift cards be used as actual presents, they also greatly expand where you can spend your stock of bitcoin. At sites like Gyft and eGifter , you can purchase gift cards for all sorts of retailers that dont formally take bitcoin yet. Perhaps most significantly, you can purchase Amazon gift cards and, from there, buy literally anything. We knew bitcoin was for real when we first found out you could buy pizza. PizzaForCoins has been around for a while, allowing you to place orders for various pizza chains through their website and paying with your bitcoin. Like many of these methods of spending bitcoins, this is a workaround to pizza chains actually accepting cryptocurrencies, but hey it works. Travel companies have been ahead of the game on bitcoin for a while now. Surprisingly, big companies like Expedia and CheapAir now accept bitcoin directly through their websites for hotel reservations and airline tickets. You can even go to space with bitcoin through Virgin Galactic. In 2014, Dell announced that it would be accepting bitcoin through its online retail store, making it the biggest company at the time to do so. But you dont have to limit yourself to Continue reading >>

Where You Can Spend Your Cryptocurrency

Where You Can Spend Your Cryptocurrency

One of the big gray areas around crypto, especially for outsiders and newbies to the space, is the looming question of where can you spend your currency ? Once you own some bitcoin/ethereumwhat do you actually do with it? And though there are lots of individual investors HODL -ing until the end of time, surely there are use cases (especially if things in the space go well) where cryptocurrencies are far more than an investment vehicle but rather an entire new medium for exchanging and transacting. Many do not think our current economic infrastructure, here in the United States, is in place to support any sort of currency revolution . At least not yet. Since the technology is still developing, we are sitting at an interesting period of hurry up and wait, as the framework and infrastructure of this new financial world is still being built. Today, the process of purchasing cryptocurrencies (like Bitcoin and Ethereum) is cumbersome and difficult. Unless you use a service like Dether that lets you buy and sell your ether coins for cash you have to register for an exchange, deposit money, verify your information, wait a few weeks, and then, after all that, you can finally withdraw your currency. On top of that there are fees. Outages. Slow downs in the market place. Once you have your digital currency. Where do you go spend it? It is not like you can walk to your local grocery store and exchange your bitcoins for a banana. I guess the good news for crypto enthusiasts is that the list of merchants that accept bitcoin is expandingbut still, how soon will that pick up to be practical for the masses? Here are a bunch of places I found, just through googling that will take yourbitcoin: (my friend Adam also made Cryptoallowed , a google that only returns crypto results which can h Continue reading >>

What Can I Actually Buy With Ether? : Ethereum

What Can I Actually Buy With Ether? : Ethereum

Hi All,I am not aware of any good resources that track what things can be bought with Ether and whether or not major crypto payment processors have added support with it. Being used to Dogecoin and Bitcoin, I was able to buy tons of cool stuff with those tokens. I don't really feel the same vibe from Ether. Is that an area that can be improved and can someone share some resources for that? Continue reading >>

3 Simple Ways To Buy Ethereum Instantly - A Complete Beginner's Guide

3 Simple Ways To Buy Ethereum Instantly - A Complete Beginner's Guide

Last updated on December 14th, 2017 at 08:16 am Note:If youre looking to buy Ethereumfor trading purposes only you may want to check out Plus500 Ethereum CFD trading. Keep in mind that when trading CFDs your capital is at risk. Lately there has been a lot of talk about the hottestaltcoin in the community Ethereum. Ethereum is a cryptocurrency and a blockchain platform with smart contract functionality. Its basically a decentralized platform for developers to build apps on top of and it was invented by Vitalik Buterin in 2013. Ethereum can be used to codify, decentralized, secure and trade just about anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kind, intellectual property. Well, Ether is the currency of the Etherium platform. Etherwill be required by anyone wishing to build upon oruse the Ethereum platform. Just like BItcoin, Ether can be traded around the web and mined. In a second Ill show you exactly where you can buy it. Most people use the term Ethereum to refer to the currency instead of Ether and thats why it can get so confusing. The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale of the currency. The results were roughly: 60 million ether created to contributors of the presale 12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation 5 ethers are created every block (roughly 15-17 seconds) to the miner of the block 2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasnt included (called uncle/aunt reward) The founders of Ethereum state that Ether is not a currency as much Continue reading >>

A Beginner's Guide To Ethereum: Buy Ether Now Or Wait?

A Beginner's Guide To Ethereum: Buy Ether Now Or Wait?

// -- Discuss and ask questions in our community on Workplace . Ethereum is a very important crypto in the sense that competition is always good for business. Ethereum was introduced in 2013 by a crypto researcher and developer Vitalik Buterin. It is currently the second most popular Cryptocurrency, following Bitcoin and is said to be the next Bitcoin. Ethereum differs from Bitcoin in the sense that it introduced smart contracts to the industry. It has relatively the same qualities as Bitcoin it is open-source and built on Blockchain, which defines its abilities and characteristics. Enabled by Ethereum, a smart contract is a computer algorithm that allows users to build or develop innovative tools and systems to perform various tasks. These smart contracts run on Blockchain and eliminate the need for third parties. It can save one a lot of time and money. The market is very much split in two as the majority of investors put their money in both Bitcoin and Ethereum. Ethereums token that you can trade with on exchanges is called an ether and can be bought or sold not only for Bitcoin, but also for any popular fiat currency like USD or EUR. Some cryptocurrency exchanges even offer an option of converting ETH to GBP , which can now bring you around 340 per coin. Ethereum was forked in 2016, and Ethereum Classic (ETC) was introduced to the market. There are currently talks of another fork for Ethereum Classic that is expected to happen sometime in December 2017. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- // In order to determine whether or not it is a good time to invest in a Cryptocurrency, one should keep an eye on the news. News greatly affects whether a coins pric Continue reading >>

Shoppers Can Purchase From Openbazaar Using Ethereum, Zcash, And Dozens Of Leading Digital Assets

Shoppers Can Purchase From Openbazaar Using Ethereum, Zcash, And Dozens Of Leading Digital Assets

Shoppers Can Purchase from OpenBazaar using Ethereum, Zcash, and Dozens of Leading Digital Assets Submitted by Emily on Tuesday, December 20, 2016 Looking for some last minute holiday shopping options? Look no further than OpenBazaar! ShapeShift and OpenBazaar are excited to announce their partnership via the ShapeShift Shifty Button, allowing buyers and sellers to now connect and transact with Ether, Monero, Dash, Litecoin and dozens of other digital assets! OpenBazaar, which initially opened its digital doors in April 2016, is a decentralized, bitcoin-enabled marketplace that allows buyers and sellers of goods directly create shops and sell goods without fees, restrictions or accounts.Prior to the companys Shifty Button integration, OpenBazaar was only available to those who had Bitcoin to deposit. Sellers can now accept dozens of digital assets. Download the latest version 1.1.10 of OpenBazaar. Continue reading >>

Coinbase | How Do I Buy Ethereum?

Coinbase | How Do I Buy Ethereum?

Enter the amount in ETH or your local currency that you wish to buy. Confirm the order is correct and clickBuy Ethereum. Tap the menu icon near the top left of the screen to open the Navbar. Enter the amount in ETH or your local currency that you wish to buy. After reviewing your order,tapBuy Ethereum. Continue reading >>

Can Ether Be Used As Any Crypto For Paying Things? Like In A E-shop

Can Ether Be Used As Any Crypto For Paying Things? Like In A E-shop

Can ether be used as any crypto for paying things? like in a e-shop I don't see a problem with that, as long as the retailers have accounts with the ehtereum network The Neo Noir Developer May 26 '16 at 9:40 Ether can be used for payments just like any other cryptocurrency. In fact, I can't think of a way that you could build a cryptocurrency that can't be used to pay for things! What you've probably heard is that ether is "Crypto-fuel" and not intended to be used for payments. Depending on who you ask, this is accurate - the main intended purpose of Ether is to pay for computation on the network, and many people expect that one or more token-based currencies implemented as an Ethereum contract will arise as the main methods of payment in the Ethereum ecosystem. As soon as something is valuable because some people needs it, it can be a trading vector. Money is a trading vector. Ethereum fuel, known as Ether is useful to many people. It's also secure and trackable. You could use sea shells as money but controlling the global supply is important and shells are not as trackable and convenient than regular money and crypto money. The fact that Ether could also be used as fuel for the Ethereum network does not remove it's ability to be a money like Bitcoin as soon as someone need it, it makes it valuable. Continue reading >>

More in ethereum