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Ethereum Pros And Cons

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 >>

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 >>

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 >>

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 >>

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 >>

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 >>

Ethereum V Bitcoin: The Pros And Cons Of These Two Cryptorivals | Cryptocoin.news

Ethereum V Bitcoin: The Pros And Cons Of These Two Cryptorivals | Cryptocoin.news

Ethereum V Bitcoin: The Pros And Cons Of These Two Cryptorivals By Fernando Sanchez, title image from Pixabay here . The crypto race is on between Bitcoin and its current main rival Ethereum. These blockchain riders trek across a global network, seeking to outrun each other, and become de facto standards in an increasingly challenging environment. But despite some superficial similarities, their paths are quite divergent underneath. While Bitcoin is merely developed to enable peer-to-peer financial transactions, Ethereums array of application-building opportunities easily outdoes its rival. Thus, some questions arise: Is it wise to choose one over another? Or should the industry have to choose at all? Will Bitcoin v Ethereum become the crypto equivalent of the perennial Coke v Pepsi dilemma? Or perhaps these two entities can adapt into a long-standing, uneasy truce, and share the spoils of a global market, until natural selection makes a choice. Whats their respective value proposition? Lets find out the answers to these questions. Bitcoin v Ethereum: The good, the bad, and the smart Bitcoin rose up from the ashes of the scorched financial earth left behind by the 2008 crash. Traditional money went up in smoke, wiping the value and riches of many individuals and organisations overnight. Money burned because it was real, and tangible. So digital currency was born, the next stage in financial evolution. Conceived as a hybrid of technology, digital asset, and money, cryptocurrency uttered its first cry and took a few tentative steps in a chaotic world before rising to prominence. In a way, Bitcoin was the father of cryptocurrency, and though it has aged since, it has done so handsomely. When Bitcoin needed a medium to thrive in, the blockchain was created. The blockchain 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 >>

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 >>

Ethereum Pros And Cons Archives - Binary Option Sheriff

Ethereum Pros And Cons Archives - Binary Option Sheriff

Well teach you profitable strategies, help you get the best tools for trading and warn you against scam. Is there a simple explanation for Ethereum? In this post, I will endeavor my best to explain Ethereum in a simple and straightforward manner. The aim is to understand Ethereum even if this is the first time you have come across the terms and just got curious about it. To get a simple explanation for [] WANT TO MAKE PROFITS TRADING? YOU CAN LEARN IT! DONT TELL WE DIDNT WARN YA! GET BTC FAST Information on BinaryOptionSheriff.com should not be regarded as recommendations to Trade Binary Options. Trading Binary Options carried substantial risk of loss of capital. BinaryOptionSheriff.com is not licensed nor authorized to provide advice on investing and related matters. Information on the pages of BinaryOptionSheriff are only guidelines and should not be treated as investment advice. Clients without a good knowledge of Binary Option trading should seek individual advice from an authorized source. Past performance is not a guarantee for future returns. BinaryOptionSheriff.com does not accept any liability for any loss or damage as a result of reliance on the information contained within this website. This website is independent of the Binary Options Brokers and the Signal Software featured on it. Before trading with any of the brokers, or using Signal software, clients should make sure that they fully understand the risks and check and ensure that the broker of their choice is licensed and regulated. We recommend choosing an EU regulated broker if you reside within the European Union.US REGULATIONS IMPORTANT NOTICE. Binary Options Companies are not regulated within the US. These Companies are not supervised, connected or affiliated with any of the regulatory agencies such Continue reading >>

How To Make An Ethereum Paper Wallet

How To Make An Ethereum Paper Wallet

In the cryptocurrency world, a wallet is a digital medium that is used to store, send and receive money which in this case is in form of cryptocurrencies. Unlike the real world wallets, a crypto wallet does not really store money but will instead save the private and public keys that you will use to do a money transaction. Both public and private keys are in form of addresses whereby the public key is an address that one can use to send you money while a private key is the address that you use to send money. Both your private and public keys are stored in the blockchain but it is our responsibility to make sure that your private key is as secure as possible so that no one but you can use it to send Ethereum to another address. In the world of crypto wallets, there is either hot storage or cold storage. Hot storage is whereby your wallet has access to the internet. On the other hand cold storage is whereby your wallet is completely offline. Most people believe that cold storage is the safest since it is safe from hackers and cybercrime. It is however inconvenient in the sense that it is not ideal if you need quick and daily transactions. Paper wallets are a form of offline cold storage for keeping your cryptocurrencies. Normally you will need to print both your private and a public key on a piece of paper then its upon you to make sure you store it well. The keys are not printed out in form of addresses but in form of QR codes which you will have to scan if you have to do any transaction. There have been many arguments on whether it is the safest way to store crypto coins, with some arguing its safe and some arguing its not safe. It may be safe in the sense that its the responsibility of the owner to make sure that it is safe and the private key is not leaked out to som 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 >>

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 >>

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 >>

About Ethereum (eth)

About Ethereum (eth)

OVERVIEW ABOUT TECHNICAL ANALYSIS CHART NEWS (10) FORUM EVENTS (16) Ethereum n n-ur. public, blockchain-based dtrbutd mutng ltfrm featuring smart ntrt (scripting) funtnlt for processing cryptocurrency transactions. It rvd a dntrld Turng-mlt virtual mhn, the Ethereum Virtual Mhn (EVM), whh n xut rt ung n international network f ubl nd. Ethereum run mrt ntrt wrttn in Turng mlt rgrmmng languages such as Sldt. Ethrum l rvd a cryptocurrency token lld Ether, created a t fr programs t run n Ethrum, whh n b trnfrrd between unt and used t compensate participant nd fr muttn performed. "G", n internal trntn rng mhnm, is used to mtgt spam nd llt rur n th network. Ethrum w ntll drbd n a white paper by Vtlk Buterin, a rgrmmr nvlvd wth Bitcoin Mgzn n lt 2013, wth a gl f buldng decentralised ltn. Butrn hd argued that Btn ndd a rtng lngug fr ltn dvlmnt. Flng t gn agreement, he proposed development f a nw platform wth a more gnrl rtng lngug. At the tm of th ubl announcement n January 2014, th r Ethereum team was Vtlk Butrn, Mh Al, Anthn D Ir, nd Chrl Hknn. Frml dvlmnt f th Ethrum software project bgn n rl 2014 through a Swiss mn, Ethrum Swtzrlnd GmbH. Subsequently, a Sw nn-rft foundation, th Ethereum Fundtn (Stftung Ethrum), was also rtd. Lk Bitcoin, Ethrum a dtrbutd ubl blkhn ntwrk. Although there r m significant technical dffrn between th tw, th mt mrtnt dtntn is purpose nd blt. Btn ffr n rtulr ltn f blkhn technology, a r t r electronic h tm tht nbl online Btn mnt. While th Bitcoin blkhn is ud t trk ownership f dgtl urrn (Btn), the Ethrum blockchain fu n runnng th rgrmmng code of n decentralised application. Bfr th rtn f Ethereum, blkhn applications were dgnd t do a vr lmtd t f rtn. Btn and thr cryptocurrencies fr example, were developed xluvl t rt peer-to-peer digital urrn. Dvlr thus Continue reading >>

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