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Cardano: Ethereum And Neo Killer Or Overpriced?

Cardano: Ethereum And Neo Killer Or Overpriced?

Writer, researcher, and investor in Distributed Ledger Technology CEO and Co-founder of Eden Block. EdenBlock.com Cardano: Ethereum and NEO Killer or Overpriced? As the first blockchain with peer reviewed tech, Cardano is an ambitious platform. Can it stack up to NEO and Ethereum? Cardano has been on the tip of everyones tongue since its enormous run up earlier this month. Even in the volatile world of cryptocurrency, Cardanos 2000% increase over three weeks was extraordinary, and the community took notice. It now sits as the 6th largest cryptocurrency market cap at over $10 billion. Yet, before Cardano and its then $700 million market cap suddenly appeared on coinmarketcap.com, most had never heard of the project before. Its sudden appearance and enormous subsequent increase have left the blockchain community scratching their heads and scouring for information. So like with any new kid on the block, we want to understand what Cardano is, what separates it from other blockchain platforms, and whether it can play centerfield for our neighborhood team This article examines Cardano both as a standalone platform, as well as in comparison to Ethereum and NEO. For an analysis of NEO versus Ethereum, you should read this . I understand that EOS and other third generation platforms are also relevant; I will research and write about those later on. Since I have already extensively covered NEO, I will dedicate this article primarily to providing an in-depth analysis of Cardano. I will also compare each unique component to those of NEO and Ethereum. I will quote directly from my past article on some aspects. Lets begin Cardano is the, no-crust on his sandwich, kid at school who uses words like peer-reviewed and reads academic journals. He occasionally gets shoved into his locker Continue reading >>

Pros/cons Of The Top 10 Cryptocurrencies In Market Cap Everyone Need To Know(1)

Pros/cons Of The Top 10 Cryptocurrencies In Market Cap Everyone Need To Know(1)

Pros/cons of the top 10 cryptocurrencies in market cap everyone need to know(1) This is an article for potential investors and people interested in the hottest ethereum/blockchain project recently. This can also serve as reminding notes to organize information as there are so many altcoin s now and people are easily confused with. Current market cap rankings and information can be found here . Note that this is my personal view and observations and should not be considered as financial advice. Bitcoin(BTC): The first successful cryptocurrency, Owning around 46% of the crypto market. The most accepted and easy to trade crypto in the current market, with sufficient resources online for everyone to learn more about. Has a large community and unlikely to disappear suddenly or found as spam which have happened to other altcoins. High transaction fee and scaling problem: As average block ming time is 10 minutes and blocks in bitcoin are limited to 1MB in size, which allows only 3 transactions per second, number of transactions to be mined raises incredibly. Transaction fee thus increases while miners are prioritizing transactions with a higher fee. See the following transaction fee chart: Consensus problem: Reaching agreement is also not easy in bitcoin due to its large community. There are always different supporters. A good example is the recent solution for scaling problem, SegWit and bitcoin cash(covered later in this article). Some even joke that bitcoin is the Nokia in the world of cryptocurrencies. 2. Ethereum(Ether, ETH): Ethereum is a decentralized platform that runs smart contracts written in Turing complete programming languages such as Solidity. Ether was created as a cost for programs to run in Ethereum. Ethers will always be needed to execute code on Ethereum, Continue reading >>

Pros And Cons Of The Ethereum Network | All Things Crypto

Pros And Cons Of The Ethereum Network | All Things Crypto

ICO Investigator | January 27, 2018 | Ethereum | No Comments Vitalik Buterin came up with the idea for the Ethereum network in 2013. Buterin is a software developer who worked with the bitcoin network and wanted to create a cryptocurrency that would offer its users more functionality compared to bitcoin. The crowdsale for the Ethereum network ran in July and August of 2014. The network went live a year later, on July 30, 2015. This article will introduce you to the main features of the network. Just like bitcoin, Ethereum network is based on blockchain technology, is open and decentralized, meaning that there is no single authority that processes transactions or makes decisions about what happens on the network. The network was developed by the Swiss organization called Ethereum Switzerland GmbH and a Swill non-profit called the Ethereum Foundation. One of the main differences between the Ethereum network and other blockchain networks is Ethereums ability to run and execute smart contracts. Smart contract are a way of using a cryptocurrency to create agreements between parties on blockchain networks. Smart contracts do not add capabilities to regular contracts. Instead, they allow parties to create contracts in a way that does not require a lot of trust or a presence of a third party. This means that two or more parties who do not know each other or do not trust each other can create a contract on the Ethereum network and the network will execute the contract as created, in a way that does not provide either party with an option of deceiving the other party. When parties enter into agreement on a blockchain network, the network will execute the agreement regardless of how the parties feel about it after entering into it. In the past, many of the contracts that people a Continue reading >>

Transactions - What Are The Pros And Cons Of Ethereum Balances Vs. Utxos? - Ethereum Stack Exchange

Transactions - What Are The Pros And Cons Of Ethereum Balances Vs. Utxos? - Ethereum Stack Exchange

What are the pros and cons of Ethereum balances vs. UTXOs? Ethereum has a simpler model by not having UTXOs (Unspent Transaction Outputs) like Bitcoin.What does Ethereum "give up" by not having UTXOs, and what does it gain? The answer to this important questions are, sadly, totally slanted towards Ethereum, straight cup & paste coming from the Ethereum documentation. For example with UTXOs there's no need to come up with nonce and whatnots to fix transaction ordering issues: the recent Ledger Nano S SNAFU where many tx were broadcast several times or ppl eventually sending ETH many times instead of once to crowdfund ICOs during blockchain congestion cannot be nearly as bad when UTXOs are used. There are also 0-conf systems that are used with UTXOs that simply aren't as secure with Ethereum (you must wait blocks) Cedric Martin Feb 2 at 18:30 Basically the accepted answer here is of very poor quality and totally lacks objectivity. It's the Ethereum documentation which present the only advantage as "potential scalability paradigms" (notice the "potential"). Re the privacy we all know now that it's incorrect: there are companies whose sole purpose is de-anonymizing UTXOs / the Bitcoin blockchains. I'm sorry but there's much more to UTXOs than "potential scalability paradigms". I gave two examples. There are more (I'm not an expert on the matter but now enough to see that the answers here are totally biased). Cedric Martin Feb 2 at 18:33 +1 and favorite to the question asked. -1 to all the answers (so far). Cedric Martin Feb 2 at 18:33 @CedricMartin I've unaccepted the Jan 22 answer because we do want as much factual and unslanted answers as possible. If you find an expert who can answer, please encourage them. If this question is too broad for an expert, they may post thei Continue reading >>

An Introduction To Ethereum Hacker Noon

An Introduction To Ethereum Hacker Noon

The Pros & Cons of Ethereum & where to buy it. Last year, I wrote an An introduction to bitcoin: what is it, why it exists, and where to buy it for my mom, who lamented on a weekly basis that she simply did not understand what this bitcoin & cryptocurrency stuff was all about. While we can agree that blockchain (in whatever shape and form it exists in your mind) continues to eat the world, the gap between the Innovators and the Laggards continues to grow. The cryptocurrency community is absorbing updates in real-time about technical, business & regulatory developments while the rest of the world catches up. Ive occasionally joked that were watching Season 3 in the Game of Crypto, while the majority of the world that is not working in technology is now catching up and starting to watch Season 1. Wherever you land in this spectrum, my hope with this article, is to move attention away from an introduction to Bitcoin (which is now in Season 3) to an introduction to Ethereum, the second largest cryptocurrency by market share on this date according to coinmarketcap . Lets start by revisiting Bitcoin in order to begin understanding Ethereum. To be clear, Bitcoin, (capital case) is the blockchain which introduced bitcoin (lower case), the digital currency, that sits on top of the blockchain that cannot be copied, or duplicated. A Blockchain is a public decentralized ledger that securely records transactions between parties anonymously, thus cutting out the middleman. The word block refers to the way data is stored; on blocks. Any transaction is broadcasted to all the nodes on the blockchain which have to verify the transaction. The power of the blockchain technology is immutable, irreversible, and decentralized and was so revolutionary that other competitors decided to create Continue reading >>

Problems Ethereum/wiki Wiki Github

Problems Ethereum/wiki Wiki Github

Anti-spam and anti-sybil attack algorithms Incentivized marketplaces for computational resources Decentralized systems for social welfare / mutual aid / basic income Decentralized governance (for both for-profit and non-profit entities) The increasing prominence of cryptoeconomics in the last five years is to a large extent the result of the growth of cryptocurrencies and digital tokens, and brings a new, and interesting, dimension to cryptography. While before cryptography was, by and large, a purely computational and information-theoretic science, with strong guarantees built on security assumptions that are close to absolute, once money enters the picture the perfect world of mathematics must interact with a much more messy reality of human social structures, economic incentives, partial guarantees and known vulnerabilities that can only be mitigated, and not outright removed. While a cryptographer is used to assumptions of the form "this algorithm is guaranteed to be unbreakable provided that these underlying math problems remain hard", the world of cryptoeconomics must contend with fuzzy empirical factors such as the difficulty of collusion attacks, the relative quantity of altruistic, profit-seeking and anti-altruistic parties, the level of concentration of different kinds of resources, and in some cases even sociocultural circumstances. In traditional applied cryptography, security assumptions tend to look something like this: No one can do more than 279 computational steps Taking nth roots modulo composites is hard The elliptic curve discrete logarithm problem cannot be solved faster than in 2n/2 time In cryptoeconomics, on the other hand, the basic security assumptions that we depend on are, alongside the cryptographic assumptions, roughly the following: No se Continue reading >>

Head To Head: Neo Vs Ethereum

Head To Head: Neo Vs Ethereum

Felix Kster December 16, 2017 2156 no comments In the article about NEO cryptocurrency we shared with you how the price of NEO surged in a crazy rally and in a short span of time (a NEO coin was trading at $1.91 on June 14, 2017, but by August 16, 2017 a price that shot up to $47.58 and over $100 in 2018). While many are calling NEO the Chinese Ethereum, in reality this is only partially accurate. The two blockchains do have similarities, but also several fundamental differences. However, it is important to first understand the similarities between NEO and Ethereum before outlining the key differences between them. NEO vs. Ethereum: What are the Similarities? Both NEO and Ethereum are blockchainprojects specifically designed tohost Dapps , ICOs , and smart contracts in a decentralizedmanner. Both projects are turing complete, open-source, and backed by a big community backing with great and responsive teams. Their respective blockchains are fueled by crypto-assets (Ether in Ethereum and GAS in NEO). In my opinion, these are the only key similarities between these two cryptocurrencies. NEO vs. Ethereum: What are the Differences? Today, there are many altcoins created in the crypto world. However, you will hardly find an Ethereum competitor and/or an alternative. I strongly believe that NEO might be a competitor and an alternative to Ethereum, because they both offer a decentralized solution to their users, allowing them to share anything of value (property deeds, money, confidential data,etc.) privately and securely, without the interference or surveillance of a third party like aprivate business, government institution, and bank. However, the NEO comes with better features its faster, more user-friendly and more secure than Ethereum. Here are the main differences betwe 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 >>

The Best Bitcoin And Ethereum Explainers

The Best Bitcoin And Ethereum Explainers

Bitcoin, the decentralized digital currency dominated by white men , seemed on the verge of disappearing after every scandal, crash, or hack. But eight years later, its not only growing but accelerating, tripling in total value since January to over $45 billion . And its not the only cryptocurrency; competitors include Litecoin, Dogecoin, and Ethereum (a currency that supports smart contracts). Bitcoins high volatility makes it terrible by traditional currency standards, fantastic as a risky investment vehicle, and fascinating as a cultural experiment. Its a dramatic rethinking of how currency can work, and its very complicated and unfamiliar to the common person. Over the years, hundreds of news outlets have tried to explain it, which is lucky because it often takes several explanations to grasp. Here are some of the best, starting with the three most essential guides. How Bitcoin works, in five minutes : A straightforward guide that gets increasingly technical. Just hop off when the ride gets too fast. History of Bitcoin : Timeline of Bitcoins invention, growth, and major hacks. A beginners guide to Ethereum : Describes a newer blockchain with applications outside of digital currency, including automatically executed contracts, identity management, computer usage sharing, DRM, and more. Continue reading >>

Pros And Cons Of Ripple; Huge Ambitions And Risks

Pros And Cons Of Ripple; Huge Ambitions And Risks

Pros and Cons of Ripple; Huge Ambitions and Risks The CEO of Ripple,Brad Garlinghouse has many reasons to feel good, being in a conference in Toronto with money maverick Ben Bernanke and crypto-genius Vitalik Buterin. Yes, Ripple network itself is expanding quickly as it is among few digital currencies that has intrinsic value and has started more and more to be used in real world business, having licenced more than 100 banks and financial institutions to use its blockchain technology.XRP is the only digital asset with a clear use case its the best digital asset for payments. -Ripples Interledger Protocol(ILP) standardize how to instantly settle transactions across different ledgers and networks. ILP can be thought of much like the protocol HTTP used in web address that become a global standard for online information exchange. At last, value can move as quickly around the world through internet just as information does, with a few clicks. -According to Coinmarketcap , XRPnow has a market cap of more than $7,7 Billion, and it is third behind the digital money giants, Bitcoin and Ethereum. -Ripple is the only digital asset specifically designed for financial institutions.Its pricing model is one part software license, one part professional services and one part transaction fees. -The Ripple ecosystem with its huge financial strength used like strategic weapon which enables it to further development of its platform; while engaging the best blockchain experts, hackers, developers, software engineers,and it is constantly evolving, updating; regarding usability, reliability, security and scalability of the XRP Ledger. -SortedDirectories amendment. This new feature is expected to be enabled in early November, but nevertheless it is advisable to upgrade the nodes as soon as po Continue reading >>

Current Thoughts On Ethereum (eth) As One Of The Big Three

Current Thoughts On Ethereum (eth) As One Of The Big Three

Current Thoughts On Ethereum (ETH) As One of the Big Three Despite the popularity of Bitcoin (BTC) as a decentralized currency that various individuals operate, there are still other applications, platforms that use the blockchain technology. Specifically, we have Ethereum (ETH) which is a public software designed for aiding developers to build and organize decentralized applications. To elaborate, Ethereum convinces users to work for their cryptocurrency (called Ether). This is unlike Bitcoin which although is also decentralized is still mined and currently, controlled by a specific set of individuals. ETH (otherwise known as Ethereum) was created by Vitalik Buterin and publicized in 2014. After which, in July 2015, it was launched in beta. That said, ETH definitely has a few differences and similarities (in comparison to others) that can be segmented into pros and cons. For one, smart contracts are self-executing contracts that Ethereum (ETH) is built to exactly execute. They are contracts that enforce a set of rules at any preferred time of yours. An instance is setting up payments that are secured by triggers i.e. you deliver this, payment is automatically released. You fail to deliver it, and payment is reversed into my account. Essentially, smart contracts can be tailored to suit your needs which can vary across situations like crowd funding agreements, breach contracts, property laws, and etcetera. This is only possible because ETH uses the Turing language which as already mentioned, eradicates the need for intermediaries when using ETHs function (smart contracts). This literally has no side effects and is in fact, is attracting more interest since its highly beneficial in different sectors (gaming, e-commerce, and services). Additionally, Ethereum is backed by Continue reading >>

Pros And Cons Of Building On Ethereum Steemcreated With Sketch.

Pros And Cons Of Building On Ethereum Steemcreated With Sketch.

Recently, I've had 5 potential clients approach me about consulting them, and they all said they didn't know much about the Blockchain industry, although felt strongly that a Blockchain would make their business idea much stronger. They also were under the impression that building on top of Ethereum and assigning their own token using Ethereum's network would be the simplest, most efficient, and best option for them. Unfortunately, there are a lot of things people don't know, or haven't considered, which is why I felt the need to explain my position. PROS to using Ethereum (It's like opening a franchise) Simple, easy, and fast to create an ERC20 token (but you still have to know how to program the token to do what you want). Solid development team that is actively working on new technologies that will continue to improve the stability, security, functionality, and scalability of the Ethereum Blockchain (Casper PoS for example). The development team is currently working on the next token version called ERC223 (and they have said it will be upgradeable from ERC20). You don't need to build, maintain, or develop for your own Blockchain, and can piggy back off Ethereum's. You can save time, money, and effort by syncing your system to Ethereum's Blockchain and letting them manage everything for you. You can launch your ICO faster and get back to business. CONS to using Ethereum (It's like selling your soul to the devil) Ethereum goes down, it will take your smart contracts down with it. If ETH hard forks, it can have unforeseen consequences on your internal tokens, as they can be lost, hacked, or create a split in your service (See Ethereum Classic). You are giving up your autonomy to Ethereum, which means you have no say in the future development plans of the Blockchain you Continue reading >>

What Are The Pros And Cons Of Bitcoin Versus Ethereum?

What Are The Pros And Cons Of Bitcoin Versus Ethereum?

Answered Dec 28, 2017 Author has 675 answers and 2.8m answer views Before we look at the pros and cons of Bitcoin vs Ethereum first lets look at how both of these cryptocurrencies are unique: Bitcoin is the worlds first decentralised (in-controlled) and international cryptocurrency that can be bought and used anywhere, since Bitcoin has a limited supply and no more Bitcoin can be issued or created this causes Bitcoins value to grow tremendously. Despite having a limited supply each Bitcoin is divisible like the dollar or pound which still allows it to be used as a currency and not just as a store of value. Bitcoin has implemented technologies like Segregated Witness or SegWit (increases Bitcoins transaction capacity) and plans to implement the Lightning Network which plans to drastically reduces transaction times and fees as well as enable almost instant transactions. Ethereum is a blockchain development platform and its cryptocurrency is called Ether, it allows developers to create decentralised apps (dapps), new cryptocurencies and allows developers to fund raise through the use of Initial Coin Offerings. Ethereum also enables the use of smart contracts (automated, self executing commands) which could possibly change our financial landscape. Ethereum will be getting its own version of the Lightning Network called the Raiden Network (Raiden is the God of Thunder in Japanese mythology by the way, this should explain the reference to the Lightning Network). Now for the pros and cons of each cryptocurrency: More widely known and accepted than Ethereum First mover advantage due to being the first ever cryptocurrency When implemented the Lightning Network will drastically reduce fees and transaction times The Lightning Network will enable almost instant transactions Transa Continue reading >>

Ethereum Gambling Pros & Cons

Ethereum Gambling Pros & Cons

Bitcoin was the very first cryptocurrency ever to be created back in 2009. After its success, more started to pop up each with its robust features that made it unique. However, it wasnt up until 2015 that the second most significant cryptocurrency was invented. The name of it? Ethereum. Since Ethereum is growing in gambling due to its security features, we will look at Ethereum gambling pros & cons to better understand if it is the cryptocurrency of the future. Ethereum is a cryptocurrency that was created back in 2015 and is blockchain-based just like most others of its kind are. Its unique feature is that it uses smart contract . The smart contract is a piece of a computer code which is mostly used to either ease, verify, or strengthen the negotiation or performance of said contract. What most people dont know is that Ethereum isnt actually the name of the cryptocurrency but of the whole system which provides a cryptocurrency named Ether (ETH). As opposed to Bitcoin, Ethereum doesnt just function as a store of value; it works more like a World Computer allowing decentralised applications, smart contracts and data storage. When we get asked to answer what are the pros and cons of using Ethereum for online gambling, the next question is always the same Is it better than Bitcoin?. Both of those cryptocurrencies have so little in common yet they are becoming widly used for cryptocurrency gambling . We have already analysed Bitcoin gambling pros & cons , but its time to compare to Ethereum and see which is a better option. Most cryptocurrencies are excellent with keeping your details hidden while gambling online but Ethereum does an exceptionally great job. Not only are you not asked to provide any personal details when signing up on an online gambling platform apart from Continue reading >>

Why Ethereum Matters

Why Ethereum Matters

Even if youre not a cryptocurrency nerd , youve probably heard of Bitcoin, the digital currency whose price has soared in 2017. But if youre outside of the cryptocurrency crowd, you may not have heard of Ethereum. Its another cryptocurrency that has been secretly growing rapidly in 2017. In fact, its price has increased at a much faster rate than Bitcoin this year roughly 4000% vs. 300% . Its impossible to know how this price trajectory will play out since Ethereums technology is new and largely unproven. It was launched only two years ago in 2015 , and its applications have mainly been at small scale or pilot levels. But Ethereum shows serious promise. Not only are its prices soaring, but its application of blockchains would significantly reduce the need for third-party control in major agreements and transactions. With this underlying technology, Ethereum could completely change the structure of political and economic institutions. Given this level of potential, its likely that Ethereums price growth may have less to do with a quick bubble and more to do with its groundbreaking technological advantages over other cryptocurrencies. To understand what sets Ethereum apart from Bitcoin, you have to know what they share in common both are distributed public blockchain networks , or digital ledgers of transactions. These ledgers work by being shared across a network of computers instead of being stored in a single location, so they cant be corrupted (theres no centralized version of the data to hack) and theyre accessible by anyone on the Internet. Both networks use blockchain technology, but they were created for separate reasons. Bitcoin was designed to be a single application of the blockchain technology a digital cash system to facilitate payments. Ethereum, on the oth Continue reading >>

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