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Ethereum Hard Fork New Coin

1 Day Left Until Bitcoin Segwit2x Hard Fork

1 Day Left Until Bitcoin Segwit2x Hard Fork

1 Day Left Until BITCOIN Segwit2X Hard Fork One of the main hard forks in the history of Bitcoin named Segwit2X , will be released on December 28th, 2017 on the block 501451. It was expected to occur in mid-November, but the date was redefined. Still, futures trading has started and is still conducted at numerous exchanges at a price about 0.04 BTC (HitBTC). Hard fork plans to solve the fundamental problems of BTC, while its goal is not the replacement of the original Bitcoin, but the effective coexistence of two cryptocurrency networks. At the same time, the miners and developers believe that B2X will gradually displace the original Bitcoin in the field of micro and medium transactions. Currently, futures for this fork are already traded on such exchanges, as: HitBTC , Exrates , YoBIT , as well as they are available in such wallets as Zumminer, Webmoney, etc. After the announcement of the renewal of the project, the cost of futures increased more than 3 times. Apart from implementation of Segregated Witness, a new version of Bitcoin already has other significant improvements. The size of a block was increased to 4 mb, the rate of block production reached 2.5 minutes. Each Segwit2X holder will receive a unique address format. Moreover, the complexity of mining will be recalculated after each block. Segwit2X uses X11 encryption algorithm and has protection against repeated transactions. This is not a full list of improvements. Some features are being developed and implemented at the moment, some are planned and included into the Roadmap. Soon Segwit2X will be even more advanced after getting such new functions as ZkSnark, Smart Contracts, anonymous transactions and support for Lightning Network for instant transactions. When the fork occurs, each BTC holder will have an Continue reading >>

What Will Happen To My Ethereum In My Wallet When Ethereum Hard Forks?

What Will Happen To My Ethereum In My Wallet When Ethereum Hard Forks?

What will happen to my Ethereum in my wallet when Ethereum hard forks? The Ethereum has undergone a planned hard fork atblock number 4.37mil (4,370,000), which occurred onMonday, October 16, 2017. The Metropolis hard fork was a planned and highly awaited hard fork which contained some major upgrades for the Ethereum network. Since this hard fork was planned, and non-contentious, there should be no chain split and there is nothing you need to do to prepare as it will go by largely unnoticed by many who are not in-tune with the technical back-end of Ethereum. The purpose of Metropolis is to address scalability, privacy and safety. This hard fork will take place in two separate phases, Byzantium and Constantinople and will prepare the way for the future planned hard fork called "Serenity" which will allow for POW and POS. The "Byzantium" portion of the fork includes: zk-SNARKs or in plain English Zero-Knowledge proofs, increasing anonymity of transactions. Easier programming of smart-contracts with a gas adjustment for bill setting. Better security through 'masking' allowing users to determine addresses which they hold the private key. A mining adjustment called a 'difficulty-bomb' making mining exponentially more difficult. So what should you do to prepare for the upcoming hard-forks? In short, nothing; Exodus will take care of everything for users. However, like with any fork users should be cautious for 24 hours around the fork and not move ETH or ERC20 assets. The Ethereum and ERC20 tokens in your Exodus wallet are safe and will continue to function as they have in the past. Continue reading >>

Parity Technologies Suggests Hard Fork To Release Locked Ether

Parity Technologies Suggests Hard Fork To Release Locked Ether

Parity Technologies Suggests Hard Fork To Release Locked Ether Join our community of 10 000 traders on Hacked.com for just $39 per month. Parity Technologies , having suffered a multi-signature wallet bug that froze hundreds of millions of dollars worth of Ether, noted ongoing issues with Ethereum in a recent blog suggesting a course of action to rescue the funds. From its very beginning, users of Ethereum have had to deal with a command line interface with little tolerance for errors, sending thousands of Ether to 0x0, the blog noted. Any transaction with an improperly formed to address was read as a delivery to 0x0. A few months later, a bug was found in a JavaScript utilities library that the Ethereum Foundation wrote and was used by numerous parties to generate wallets. This mishap affected one in 128 accounts produced by some teams and rendered useless. Thousands of additional Ethers got stuck. The DAO hack and the subsequent fork delivered problems with transactions that replayed across both Ethereum and the Ethereum Classic network. These issues were not widely recognized to anticipate that Ethereum Classic would more than survive it would thrive, but leading to several issues. Such as Ether deposits to contracts that were never deployed to the Ethereum network to begin with. An incident recently occurred with the Parity multi-signature wallet in which the contract holding the code governing the wallets behavior was deleted. Anyone with Ether tokens in Parity multi-signature wallets was unable to withdraw them. All of the funds are not recoverable without a change to blockchains state, consensus rules modification or opcode upgrades, the blog noted. One can assume this was not the intention of the developers and users who deployed the contracts or sent the trans Continue reading >>

The Difference Between An Ethereum Hard Fork And A Bitcoin Hard Fork

The Difference Between An Ethereum Hard Fork And A Bitcoin Hard Fork

The difference between an Ethereum Hard Fork and a Bitcoin Hard Fork How is an Ethereum hard fork different than a Bitcoin Hard fork? Is an Ethereum hard fork a software upgrade of the Ethereum network whereas Bitcoins hard forks are tools to create 2 coins everytime there is a hard fork? A good question we had from one of our readers on twitter that we will try to answer in this article! Ethereum and Bitcoin hard forks are very similar. They are both software upgrades made to the Cryptocurrency. So once there is a planned hard fork, an important change is made to the protocol. A change so radical that it creates a divergence in the blockchain. Put simply, once there is a Hard fork, the Cryptocurrencys chain branches into 2 : Chain # 1 Keeps the previous Version of the protocol Chain # 2 Adopts the new upgraded protocol So we end up having 2 branches and each branch has nodes signalling a different protocol therefore rejecting the nodes from the other branch. This rejection leads to the creation of 2 Cryptocurrencies. According to Investopedia , a Hard fork serves the following purposes: To correct important security risks found in older versions of the software To add new functionality, or to reverse transactions So to answer the initial question, Hard forks are the same for both Bitcoin and Ethereum from a technical aspect. Any technical upgrade to the software has the potential of leading to the creation of a new chain and the creation of a new coin provided the new coin gets adoption from users and miners. The difference between an Ethereum hard fork and a Bitcoin hard fork lies in the way the hard fork is executed. Bitcoins Segwit upgrade as a process was very long because there were many parties involved. At some point, it moved away from the technical aspect and Continue reading >>

Ethereum Classic Community

Ethereum Classic Community

Vitalik Buterin and The Ethereum Foundation create the first blockchain-based turing-complete smart contract platform Slock.it construct TheDAO Ethereum Contract; a security audit is completed by Dejavu TheDAO smart contract is deployed; members of the public send it value in return for DAO tokens Slock.it announce a $1.5 Million USD proposal, paid in Ether by the crowdfund, 'to guarantee the integrity of The DAO' On the last day of the crowdsale, DAO curator Vlad Zamfir calls for a moratorium on TheDAO, citing many game-theoretical security issues The crowdsale completes to become the world's largest and raising an incredible $150 Million USD Peter Vessenes publicly discloses the existence of a critical security vulnerability overlooked in many Solidiy contracts Stephan Tual publicly claims that TheDAO funds are safe despite the newly-discovered critical security flaw Ether is slowly and silently drained from TheDAO as the re-entry bug is applied The price of Ether is slashed in half as Griff Green announces that TheDAO has been hacked TheDAO's splitting mechanism gives around a month for a solution to be found that recovers the funds; Foundation and community developers race to implement a soft fork A group of 'white-hat' hackers secure 70% of TheDAO funds but protocol-level action is required to save the remaining 30% split by the hacker The Ethereum Foundation releases a 'Soft Fork' client to censor transactions coming from the hacker; mining pools vote to enable it by lowering gas limit Critical Denial of Service flaws are found in the Soft Fork implementation, miners quickly decide not to use it Many days of intense arguing goes on in the Ethereum community about the pros and cons of implementing a Hard Fork The only remaining option is a controversial Hard Fork. Continue reading >>

Etherzero - A Revolutionary Ethereum Hard Fork, Forking On 19th Jan 2018

Etherzero - A Revolutionary Ethereum Hard Fork, Forking On 19th Jan 2018

EtherZero - A Revolutionary Ethereum Hard Fork, Forking on 19th Jan 2018 Also a Ethereum hard fork, what difference would EtherZero make? Also a Ethereum hard fork, what difference would EtherZero make? Although there are many bitcoin fork outside, there are only few Ethereum fork on the way. The two already announced Ethereum fork had some trouble with its fork height and changes several time, which lead to a result that many trade platform trust has been lost. However, this time, a new Ethereum hard fork, EtherZero, wish to change the current situation , it may become the most successful Ethereum hard fork that the history has ever had. So now lets find out together what the EtherZero really is and what on earth outstanding charateristics they have: Allocation: Total supply is about 116 million ETZ Reserve 20 million ETZ for subsequent development Newly increased: about 6 million ETZ per year (about 5% inflation and declining year by year) Currently EtherZero team is made up by 20 people, these people are from different country, also we are cooperating with many famous DAPP development workshops from India and East Europe, most of our team member are professional DAPP developers, although we are not famous for now, the techniques are no questioning here. 0 TX fee, meet any requirement of DAPP s development, arrangement and operation; Payment instantly, is suitable for more trade scene; Two layer network system high scalability, Allow DAPP to be used by mainstream people. You may be curious about the masternode sytem, here is a more specific explanation of it: Our idea is to improve and stabilize the market value of ETZ, and we are trying to get ETZ's market value at 10% of the Ethereum in the short term. The masternode can benefit more cash users. We expect the initi Continue reading >>

Ethereum Hard Fork. Whats Going Tohappen?

Ethereum Hard Fork. Whats Going Tohappen?

Developing Blockchain & Smart Contracts PoC and MVP for ICO startups and established companies Ethereum Hard Fork. Whats Going ToHappen? Recently I have received many questions about the Ethereum hard fork: what will happen with all the ERC20 tokens, which basically are smart contracts deployed to Ethereum. Therefore, I decided to perform a quick research and cover this topic as we are getting closer to Metropolis update, everyone should be informed and understand what will happen. Blockchain miners run the software to maintain the network, confirm transactions and earn mining fees. The software is being maintained and developed by the Network core developers and community. The main incentive for miners is profit, however, developers are seeking fast and effective network. This incentive mismatch is hard to align. Miners select which software to run. Therefore, we have issues when developers propose solutions which reduce mining profits and part of the miners disagree with changes. At a certain time, we have a fork, where half of the miners run one piece of software and other half operate with another software. This leads us to having two separate chains from a certain block and this results in having a chain split. Source: The bitcoin has experienced a hard fork and a chain split lately. That lead to Bitcoin and Bitcoin Cash. The chain split occurred because the miners have been divided into two parts and one side did not want to use the new proposed software. The result is that both networks are being maintained by miners. From a bitcoin owner perspective, your coins are available on both chains and you can start interacting with both networks. The Bitcoin chain split resulted in having the new cryptocurrency with a third size market cap. Due to high load on the netw Continue reading >>

Understanding Hard Forks In Cryptocurrency

Understanding Hard Forks In Cryptocurrency

Cryptocurrency Basics Understanding Hard Forks in Cryptocurrency Do you like our content? Or, do you want to test out a new wallet? Feel free to send some coins to one of our wallets public addresses. All donated funds will go toward improving the site. Is Bitcoin Cash Better Than Bitcoin? Bitcoin Shakes off Bitcoin Cash Drama to Break $8k Can Bitcoin Cash Become the Dominant Bitcoin? Beware Bitcoin and Bitcoin Cash Pump and Dumps; There is a War Going on Stop Dumping Bitcoin and Pumping Bitcoin Cash, There is Room For Two Coins Crypto Correction Spurred on By Bitcoin Cash Dumping Bitcoin For Bitcoin Cash? That Seems Slightly Insane. GBTC Trust Announces Plans For Bitcoin Cash Fork The content of this website is provided for informational purposes only and cant be used as investment advice, legal advice, tax advice, medical advice, advice on operating heavy machinery, etc. Our site is not officially associated with any brand or government entity. Any mention of a brand or other trademarked entity is for the purposes of education, entertainment, or parody. Neither CryptocurrencyFacts.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from CryptocurrencyFacts.com. In other words, this is a website on the internet offering free information about cryptocurrency, this is not your accountant, lawyer, or fiduciary offering you professional tax, legal, or investment advice. See our about page for more disclaimers and information. Understanding Hard Forks in Cryptocurrency Hard Forks in Bitcoin, Ethereum, and Other Cryptocurrencies In simple terms: A hard fork is when a single cryptocurrency splits in two. It occurs when a cryptocurrencys existing code is changed, re Continue reading >>

Dogecoin Hard Forks To Dogethereum Later In 2018

Dogecoin Hard Forks To Dogethereum Later In 2018

News that Dogecoin had become a test asset for Ethereums inter-coin Rinkeby testnet has sparked a project aiming to hard fork it later this year. Dogethereum (DOGX), which shares its name with the Rinkeby project known as Dogethereum Bridge , is looking to branch off from the Dogecoin chain in fall. This would constitute Dogecoins first ever hard fork. Dogethereum is new decentralized digital currency, it will be founded on snapshot of popular Dogecoin, based on ETH algorithm with fastest speed of transactions, smart contracts, developers describe on Bitcointalk Monday. Our goal it to push Doge currencies to the brand new direction, with no ASIC mining, speed and simplicity. Dogethereum Bridge came about as part of Ethereums truebit technology a plan to help the largest altcoin scale to meet user demand. On February 5, engineers managed to send DOGE to Rinkeby, marking a major step in cryptocurrency interoperation and sparking renewed interest in the altcoin many assumed was simply a meme in cryptocurrency form. CryptoKaiser (@iz_me_alex) February 19, 2018 The hard fork project appears to want to capitalize on the truebit achievement meanwhile, with Bitcointalk suggesting smart contracts would drive price performance. There are no any ICOs, premines or other manipulations, the announcement on the forum continues. [] Project starts free for all, easy for initial GPU mining and making good profits. Price of DOGX tokens may become even higher when full power of smart contracts will be unleashed. Controversy around hard forks of popular cryptocurrencies nonetheless remains palpable in the wake of the recently-announced Litecoin Cash. Promising enhanced user experience and SegWit support from the outset, Litecoin creator Charlie Lee was quick to reiterate that any fork of t Continue reading >>

Ethereum Hard Fork Coming Soon

Ethereum Hard Fork Coming Soon

The Etherzero (ETZ) project will try to improve the future of the cryptocurrency. We have already seen many Bitcoin forks but still any fork for Ethereum. There have been announced two Ethereum fork but they had some issues with its fork height, resulting in many changes over time. This way many users lost their trust regarding the upcoming changes. However, a new Ethereum hard fork called EtherZero is trying to improve the situation. The EtherZero fork will take place on January 19, 2018, GMT 19:00 and will feature the following characteristics: Allocation: Total supply is approximately 116 million ETZ Reserve 20 million ETZ for subsequent development Newly increased: approximately 6 million ETZ per year (almost 5% inflation and declining every year) At the moment, EtherZero team includes 20 people from many different countries. Also, they are collaborating with many famous Indian and East European DAPP development workshops. The majority of the teams members are professional DAPP developers as well. What kind of Innovation does the team have to offer? The team hopes to bring a new kind of a master node system. Their idea is to stabilize and improve the market value of ETZ. They are aiming to get ETZs market value at 10% of the Ethereum in a short period. In addition, the master node will benefit more cash users. They are expecting the initial access node to be 10,000 ETZ. The distribution will be 45% to the master nodes, 45% of the rewards to the miners, and 10% to the self-governing communities. In the case EtherZero made its market price up to 10% of the Ethereum, the cryptocurrency price would reach 70 US dollars per unit, at least theoretically. The deployment of the ETZ chain is developer friendly and can be completed after a few changes. It is based on the DAPP Continue reading >>

Ethereum Security Lead: Hard Fork Required To Release Frozen Parity Funds - Coindesk

Ethereum Security Lead: Hard Fork Required To Release Frozen Parity Funds - Coindesk

Ethereum Security Lead: Hard Fork Required to Release Frozen Parity Funds A resolution has yet to be found for yesterday's Parity hack which saw up to $150 million frozen across the ethereum platform. However, speaking to CoinDesk, Martin Holst Swende, head of security for the Ethereum Foundation, confirmed that a hard fork of the ethereum blockchain will be required to free up the funds. "There's unfortunately no way to recreate the code without a hard fork. Any solution which makes the locked funds accessible requires a hard fork." This means that ethereum would needto undergo an emergency upgrade, akin to The DAO blockchain rewrite that occurred last year, should it want users to be able to reclaim the lost millions. A sudden upgrade of this type is a highly contentious issue, as it would not be limited to Parity alone, but would need to occur universally across the ethereum platform. Yesterday, a smart contract developer claiming to be new to ethereum, " accidentally " deleted the code library that corresponds to the affected Parity wallets, rendering the software useless. Parity developer Afri Schoedon told CoinDesk "there is no easy fix" for the exploit, and developers are currently working towards proposals to release the frozen funds. Holst Swende said that, to date, the primary difficulties surrounding the fix "are more of a political than technical nature."The security lead has already proposed a potential fix, which would involve recreating the Parity code without the wallet exploit, he told CoinDesk, adding, "I'd like to see this spearheaded by the affected parties, not the foundation." UK-based Parity Technologies, which develops the wallet, is separate to the Ethereum Foundation, the non-profit behind Geth, the most popular ethereum client. Going forward, Continue reading >>

Hodl That! #5 - Ethereum With Hard Fork And

Hodl That! #5 - Ethereum With Hard Fork And "free Money" - Smart Options

HODL THAT! #5 Ethereum with Hard Fork and Free Money in CRYPTOCURRENCY NEWS / INVESTING IN CRYPTOCOINS AND TOKENS This article is for educational purposes only. We are no financial advisors. Do not make investment decisions based on this informations. The information provided from Smart Options is for informational purposes only. It should not be considered legal or financial advice. You should consult with a financial advisor or other professional to find out what may be best for your individual needs and risk tolerance. Please do your own research and let never anyone trade for you. Please read this disclaimer and leave the website if you disagree with it. Doesnt it feel strange lately with having an alt position? If it is running great, most of the traders feel a uncertainity that everything might crash again, as big moves on BTC are expected to start anytime. One of our favorite Safe Haven Assets in such times is ETH. Being the second largest Cryptocurrency (OK, recently run over by XRP due to its recent hype, but we assume it is temporary) it is one of the coins that remained relatively stable in wild times. Now ETH gets some big news in January, as a hard fork is coming on the 19th of January. Similar to the Bitcoin Gold Hard Fork, where BTC holders have been rewarded with free BitcoinGold coins, ETH holders are going to receive the newly issued EtherZero. So if you are holding one ETH, you will get 1 EtherZero on a 1:1 basis. As we have seen already what this hard forks with free money can cause for the price on coins with a big marketcap we could see a huge spike on ETH within the next few weeks. We are still very early to entering this position and we think this could gain us some strong momentum. We can abstract a further catalyst, as per the following idea: Continue reading >>

Etherzero Team Cancels Plans To Hard Fork Ethereum

Etherzero Team Cancels Plans To Hard Fork Ethereum

In the world of cryptocurrency, hard forks are seemingly the new altcoins. More specifically, a lot of developers want to hard fork existing currencies rather than build their own coins from scratch. In the case of Ethereum, one of those hard forkswas known as EtherZero. However, this fork has been canceled due to a lack of community support and big trading platforms. Its a very interesting decision, although few people will mind that the fork will not happen after all. It is evident that Bitcoinwas subject to quite a few hard fork attempts in 2017. Bitcoin Cash and Bitcoin Gold are perhaps the most notorious ones, even though Bitcoin Gold is very different from both Bitcoinand Bitcoin Cash. It is evident that this way of creating currencies will affect altcoins in the future as well. While the concept of taking existing code and turning it into anew project is not uncommon, it seems developers are far too keen on creating hard forks and airdrops right now. Thats not a favorable course of action by any means, as most of these hard forks serve no purpose whatsoever. The first altcoin to have receivedsuch hard forks/airdrops is Ethereum. Given Ethereums position in the world of cryptocurrency, that is not entirely surprising. It is evident that people like whatthis project has to offer andwish to make a quick buck from introducing so-called hard forks. Moving away from the original codebase for no apparent reason usually means the new fork is just a money grab which serves no real purpose. This is very different from how Ethereum Classic was created, as this currency exists due to ideological differences between parts of the Ethereum community regarding the bailout of The DAO. The first major Ethereum hard fork which was set to occur in 2018 is EtherZero . Although most Continue reading >>

Ethereum Price Analysis - Buterin Reinvents The Ico

Ethereum Price Analysis - Buterin Reinvents The Ico

Ethereum Price Analysis - Buterin reinvents the ICO Josh Olszewicz , 18 Jan 2018 - Ethereum , Opinion , Price Analysis Having gained over 11,000% last year and making a new all time high, Ethereum ( ETH ) dropped sharply this week. The market cap currently stands at US$97.1 billion, with US$7.1 billion traded over the past 24 hours. The number of transactions per day on the networks continues to rise, with Initial Coin Offerings (ICOs) and Decentralized Applications (dapps) continuing to bloom. Over US$1.35 billion was raised by ICOs last year, accounting for ~83% of all ICO funding ever raised. While ETH continues to hold a relatively low Network Value to Transaction ratio, suggesting the coin is undervalued, it seems doubtful the current pace can be sustained. In an effort to create more responsible ICOs, Ethereum founder Vitalik Buterin discussed a new ICO fundraising model which borrows properties from the DAO and is dubbed a Decentralized Autonomous Initial Coin Offering (DAICO). This new model allows users to determine how much the team receives over time, by voting on the tap. The team is therefore rewarded for their performance, and not immediately given access to millions of dollars before a project is worked on or completed. The Ethereum network Hash rate and difficulty continue to rise. The most recent hard fork decreased the block reward to 3 ETH from 5 ETH, and the difficulty was lowered accordingly. Block times are up slightly, at 15 seconds. With the lowered block reward and difficulty rising, mining profitability will begin to decrease substantially, should the price remain stagnant or decrease. Rising prices generally mean rising mining profitability, but also attracts more hashing power to the network. These protocol level changes are an attempt to re Continue reading >>

Will Ethereums Byzantium Hard Fork Cause A New Coin To Form, Like With Bitcoin And Bitcoin Cash?

Will Ethereums Byzantium Hard Fork Cause A New Coin To Form, Like With Bitcoin And Bitcoin Cash?

The first part of Ethereums hard fork- Byzantium has officially launched on Testnet. Find out detailed information here: Firstly a hard fork is a software upgrade that introduces a new rule to the network that isn't compatible with the older software, so miners will need to switch over to the new upgraded version of Ethereum, a hard fork does not guarantee a brand new currency unless a substantial amount of miners continue to mine the old blockchain. There's already been a couple of hard-forks within Ethereum. When a hard fork happens, there's always the possibility of a new currency emerging if the chain splits due to disputes like the emergence of ETC and Bitcoin Cash with the Bitcoin blockchain. From what I understand, it's fairly certain that this fork will not result in a third Ethereum currency. Metropolis has been planned and there's no big controversy around it, not enough for miners to keep mining the old chain and split from the Ethereum blockchain. However if there was to be any major disagreements in the future causing a chain split then the only way you can receive the new coins is through holding Ethereum in a wallet that allows you to control the private key. MyEtherWallet.com - Free Ethereum wallet, allows you to print a paper wallet for cold storage. Ledger Nano S - Hardware wallet with BIP encryption that supports Ethereum plus hundreds of altcoins, also compatible with MyEtherWallet. Ledger Blue - Just like the Nano S but with a large color screen and additional encryption processes to isolate and securely store your coins, can also be used with MyEtherWallet. The same applies to any cryptocurreny that undergoes a chain split due a hard fork. Ethereum was the first coin to fork and split blockchains. The old blockchain is called Ethereum Classic. For Continue reading >>

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