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Ethereum Split 2018

Etherzero - What Is Ethereum's New Hardfork All About?

Etherzero - What Is Ethereum's New Hardfork All About?

A closer look at the technical specifications of Etherzero: One of the main features of ETZ is a zero-fee transaction system, as the coin's blockchain is coded to separate the process of transaction verification from those associated with block creation, synchronization, and broadcasting. This is expected to help popularize the usage of decentralized applications (DAPPs) and smart contracts, as the current high transaction fees of both Bitcoin and Ethereum are greatly hindering the adoption of these decentralized forms of blockchain based applications. Etherzero omits the current "gas" expenditure requirements for execution of smart contracts and verification of Ethereum's transactions, yielding a zero-fee transaction network. The ether gas expenditure mechanism is necessary to shield the network against DDoS attacks. However, ETZ mitigates this challenge via adoption of a unique proof-of-stake (PoS) algorithm that guards the network against various forms of DDoS attacks. Etherzero's network introduces masternodes, which were first used with DASH's network. A masternode is a special form of server that communicates with ETZ's network to promote specific levels of functionality and performance in order to to execute a specific set of tasks. In addition to hosting miners' "proof-of-work" functionalities, masternodes collectively construct the coin's two-tier network. The responsibilities of masternodes can be summarized as follows: Verification of transactions: This is accomplished via reaching a consensus with other masternodes chosen by the blockchain's protocol, and then broadcasting the results to provide real-time second-level payment feedback. Community autonomy: All proposals must be voted on by masternodes. The proposal will highlight the community's discussions Continue reading >>

How Does The Ethereum Fork The 19th Of January Work? Do I Double My Money If I Have Ethereum? - Quora

How Does The Ethereum Fork The 19th Of January Work? Do I Double My Money If I Have Ethereum? - Quora

How does the Ethereum fork the 19th of January work? Do I double my money if I have Ethereum? Why is the Nintendo Switch so popular on Amazon? Designed to go wherever you do. Transform your home console into a portable system in a snap. Answered Jan 1, 2018 Author has 667 answers and 2.7m answer views The Ethereum hard fork which is scheduled to take place on January 19th is the EtherZero (ETZ) hard fork. EtherZero is a hardfork that plans to introduce masternodes to its blockchain, the total coin supply will be 116 Million and the hard fork will occur at around 19:00 - 21:00 GMT. Your Ethereum holdings will not double but you will receive free EtherZero instead. If you hold your Ether in EtherZero compatible wallets you will receive EtherZero at a 1:1 ratio so for example if you hold one Ether you will then recieve one EtherZero. Wallets that allow you to control the private keys usually support hard forks by default. Ledger Nano S - A hardware wallet that supports Ethereum as well as hundreds of other different cryptocurrencies and stores coins offline with BIP encryption. Ledger Blue - Like the Nano S but with a larger color screen and additional data protection. If you want free EtherZero Tokens you just need to hold your Ether in ETZ supported wallets (or wallets that give you control of the private key), that also goes for all cryptocurrency hard forks that result in a chain split. 29.8k Views View Upvoters Not for Reproduction Answered Jan 1, 2018 Author has 151 answers and 71k answer views You will not double your current inventory of Ethereum. Instead, youll retain the amount of Ethereum you own and also get, on top of that, an equal amount of Ether Zero, which is the coin of the new fork. Make sure you move your Ethereum to a compatible wallet before the fork Continue reading >>

Ethereum Users Are Losing Money And Devs Don't Quite Know What To Do

Ethereum Users Are Losing Money And Devs Don't Quite Know What To Do

Ethereum Users Are Losing Money and Devs Don't Quite Know What to Do Feb 7, 2018 at 09:00 UTC|UpdatedFeb 8, 2018 at 05:11 UTC Ethereum is once again at a familiar crossroads. As the price of its cryptocurrency ether has soared (and then corrected) in 2018, one thing has remained constant - users continue to lose money due to hacks, faulty code and human error. It's an issue that in the past has split the platform into rivaling forces and left lingering debates - and, as recent activity on GitHub shows, tensions are escalating again. Pumping new life into the debate is the resurgence of a chat channel formed in the wake of the loss of 513,000 ether by startup Parity last year. In particular, the forum has reignited with the release of a sketch for how fund recovery proposals could be standardized to make them easier to implement. It's the second major action the team has taken, after first helping arrive at possible methods to return the lostParity funds, a proposal that was hotly rejected . Led by developer Dan Phifer from Musiconomi (an ICO issuer that saw 16,475 ether lost in the Parity freeze) and two developers from a startup called Tap Trust, the document offers a way to make it easier for ethereum clients to implement so-called state changes, or system-wide upgrades that would require all users to upgrade their software to versions reflecting redistributed fund balances. Yet, some vehemently disagree that such a mechanism is needed, going so far as to suggest the idea is out of line with the guiding ethos of the world's second-largest blockchain protocol. Already, it has been rejected by ethereum creator Vitalik Buterin, prominent developer Yoichi Hirai and communications manager Hudson Jameson - three of the six that manage the ethereum repository and thereby ha Continue reading >>

An Introduction To Ethereum Classic

An Introduction To Ethereum Classic

By Shobhit Seth | February 5, 2018 12:20 PM EST Ethereum Classic is an open source, decentralized, blockchain-based distributed platform that runs smart contracts and facilitates decentralized application development. This article explains the key concepts, components, working, and history of the Ethereum Classic platform. Smart contracts are autonomous digital applications thatare capable of running by themselves as per programmedinstructions, and follow the principle of Code is Law. Examples of such applications include systems that manage the working of automatic teller machines (ATM) and the bitcoin system. (For more, see AreSmart Contractsthe Best of Blockchain? ) The application code and the incorporated agreements are available across the decentralizedEthereum Classic blockchain network, and act as the self-governing rules for these smart contracts or applications. Smart contracts enable seamless execution of trusted transactions and agreements among various parties while maintaining participant anonymity on the networks global public nodes. They run without the need for any central regulator, legal framework, or external enforcement authority. They facilitate transparency, traceability, and foolproof execution of the transactions. There is no possibility of any external interference, manipulation, or censorship for the working of such applications on the Ethereum Classic network. Ethereum Classic provides a "Turing complete" virtual machine that is distributed on the blockchain network, and comes with built-in programming language capability. It gives developers flexibility to write code or develop applications that can solve any reasonable computational problem through the process of mining. To prevent the network from getting spammed and to efficiently alloca Continue reading >>

12 Cryptocurrencies To Watch In 2018 (besides Bitcoin)

12 Cryptocurrencies To Watch In 2018 (besides Bitcoin)

12 Cryptocurrencies To Watch In 2018 (Besides Bitcoin) The year 2017 may forever be known on Wall Street as the year of bitcoin . However, in recent weeks, several other cryptocurrencies have gotten some major attention from investors and the media. Cryptocurrencies were taking a beating on Monday amid concerns over an increase in international regulations, particularly in China and South Korea. But while some traders see increasing regulation as a brick wall for cryptocurrencies, others see it as simply a bump in the road. Benzinga recently asked Twitter traders where they see bitcoin headed in 2018 and which other top cryptocurrencies will lead the pack this year. When it comes to bitcoin, traders are still deeply divided. More traders see bitcoins price headed higher rather than lower, with 49 percent expecting bitcoin to finish 2018 at a price of at least $20,000. However, 39 percent think the cryptocurrency will finish the year back down below $10,000. The price of bitcoin was around $966 on Dec. 31, 2016. Where will #bitcoin be at on Dec. 31, 2018? $BTC Benzinga.com (@Benzinga) December 31, 2017 When Benzinga asked traders about a handful of alternatives to bitcoin, Ripple was the top choice for investors in 2018. Benzinga.com (@Benzinga) December 31, 2017 For cryptocurrency investors who dont know where to start, heres a brief overview of 12 of the most popular alternatives to bitcoin that could be in for huge years in 2018. Ethereum may prove to be the cryptocurrency of choice for many corporations, due to its smart contract capabilities and major corporate backing. Ripple is known for its real-time gross settlement system and has been integrated into the payment networks of a handful of global banks. Bitcoin Cash is the spin-off of bitcoin that was created whe Continue reading >>

Five Predictions For Digital Currencies In 2018 Including Stomach-churning Drops, Bitcoin-related Ipo

Five Predictions For Digital Currencies In 2018 Including Stomach-churning Drops, Bitcoin-related Ipo

After the bitcoin craze rose to a near-fever pitch in the last several weeks of 2017, several investors and analysts in the space see more growing pains for cryptocurrencies this year. Here are five predictions for digital currencies, based on those interviews: 1. More institutions will get into cryptocurrencies. "Our institutional investor base is very interested in learning more and getting exposure," said Michael Graham, a Canaccord Genuity analyst who has published several reports on digital currencies. "One of our major themes is that as we roll out through 2018, it's the year of institutions getting exposure to the space." The number of institutional-level investment products related to bitcoin is increasing. In addition to the CME and Cboe bitcoin futures that launched in December, Cantor Fitzgerald and Nasdaq are planning their own derivatives products. Analysts also expect regulators will approve a bitcoin exchange-traded fund in the second half of this year, or in early 2019. "With the regulated futures markets going live in 2017, the stage is set for ETFs to gain approval in 2018," Nolan Bauerle, director of research at CoinDesk, said in an email. "In fact, the Cboe filed for 6 cryptocurrency ETFs at the end of 2017 which could go live in 2018. This would dramatically increase how institutional investors can get exposure." The U.S. Securities and Exchange Commission declined to comment. 2. There will be more regulation and bitcoin's price will drop. However, in the meantime, regulators will likely try to limit speculation in cryptocurrencies. In the last several months, the SEC has become increasingly vocal in warning investors about the risks of cryptocurrencies. The commission also has suspended trading in some companies due to concerns about their claims Continue reading >>

Bitcoin Vs Ethereum What To Expect In 2018

Bitcoin Vs Ethereum What To Expect In 2018

Bitcoin vs Ethereum What to expect in 2018 Last year was a breakout period for cryptocurrency, with major coins like Bitcoin and Ethereum skyrocketing in value. While cryptocurrency value can be highly speculative, it is also affected by the problems, obstacles, and advances in the underlying blockchain technology. The technology cryptocurrencies are built on can make a large difference to characteristics like transaction fees, use cases, and adoption. Below is a brief look at the technology behind Bitcoin and Ethereum and some ways their respective communities plan to address their respective problems this year. Bitcoin began the year below its all-time high following a steady increase in value throughout 2017. It remains plagued by high transaction fees, backlogs, long transaction times, and various other network issues. Despite this, many Bitcoin proponents consider the cryptocurrency a store of value due to factors including its market share and scarcity and it has delivered impressive returns so far. There have been many proposals to solve Bitcoins transaction issues and network congestion, but many of these have been rejected by the community or resulted in a divisive hard fork. Protocol-level adjustments such as increasing the block size or the introduction of Segregated Witness are difficult problems for Bitcoin core developers , and there is currently no decided base-level solution to the scaling problem. These solutions would be implemented by way of hard forks (which can result in a split and two different cryptocurrencies) or user-assisted soft forks (which require greater consensus and do not result in a divisive split). Many Bitcoin community members instead hope the roll-out of the Lightning Network second-layer scaling solution will resolve this problem Continue reading >>

The Difference Between Ethereum Classic (etc) And Ethereum (eth)

The Difference Between Ethereum Classic (etc) And Ethereum (eth)

The difference between Ethereum Classic (ETC) and Ethereum (ETH) Torsten Hartmann January 12, 2018 680 no comments In the recent time there have been so many new investors into the cryptocurrency world. It shows that the fear of missing out is on. But any beginner, after entering the digital currency market, will ask a question: What is the difference between Ethereum Classic and Ethereum?. Besides the name, two cryptocurrencies share a very interesting story that is of utmost importance in the history of digital currencies. The battle between Ethereum and Ethereum Classic is both an ethical and ideological one. There used to be only Ethereum and since then $50 million was stolen by an unknown hacker or group of hackers which resulted in two different groups of people being formed in the world of cryptocurrencies. We will show you the history of Ethereum and how it came to be as we know it today and how it differentiates from Ethereum Classic. Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. Ethereum blockchain was first launched in 2015, after a prodigious team consolidated around Ethereum creator Vitalik Buterin. Ethereum was developed as decentralized computer network where software developers could program any platform or DAPP (decentralized app). The entire ecosystem of Ethereum works on the basis of smart contracts. The smart contract represents an automated contract that is stored in the blockchain and it executes when given criteria are met. Smart contracts are enforced and controlled by the blockchain that has a role of unbiased and objective third party to the transaction. Due to the fact that smart contracts are automated and enforced, transactions and applications that ar Continue reading >>

Ethereum Price Highs Overshadow New Wave Of Tech Issues - Coindesk

Ethereum Price Highs Overshadow New Wave Of Tech Issues - Coindesk

Ethereum Price Highs Overshadow New Wave of Tech Issues The price of ether is shattering all-time highs. Rising to more than $1,000 for the first time ever last week, the cryptocurrency has reclaimed its place as the second-largest blockchain by total value, days after being temporarily surpassed by Ripple's XRP token. However, as with that controversial market move , the massive uptick in value bears a deeper look from more novice or potential investors. Indeed, ether's price rise has masked a wave of technical problems issues that went so far as to cause the cryptocurrency to be taken off a major exchange this weekend. Largely discussed on internal developer channels, reports of the problems to the public have been unusually quiet, scarcely touching Reddit, Twitter and other active ethereum forums. But what may be most of note is not the scant reaction, but the fairly fundamental nature of the issues, as most relate directly to the most basic operations of blockchains. For one, a glitch in the software that determines how much a transaction should cost to send named the "gas oracle" has caused a massive inflation in user fees, with some paying far higher than is necessary for a transactions to go through. If this seems somewhat unwelcoming to newcomers, it's met by other issues. In another case, the computers that run ethereum are struggling to download a full history of its transactions. More forward-looking projects are showing signs of strain also. The test network for Casper, ethereum's long-awaited ecologically friendly alternative to proof-of-work, and arguably a core tenet of its value proposition, is currently splitting into incompatible forks. In a reminder for those eager to hit it big on crypto, ethereum heavyweight Vlad Zamfir wrote in response to the iss Continue reading >>

Upcoming Bitcoin Forks 2017 2018

Upcoming Bitcoin Forks 2017 2018

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. Your Guide to Upcoming Bitcoin Forks December 2017 January 2018 (and Beyond) The following Bitcoin forks have been announced (although not every one is confirmed as legit). They are Super Bitcoin, Bitcoin Platinum, Bitcoin Cash Plus, Bitcoin Silver, Bitcoin Uranium, and Bitcoin God. We will update the list as more occur, for now this is your guide to Bitcoin forks from December 2017 January 2018. To be clear, this is not a joke (and further that does say God and not Gold, there are no typos above). These Bitcoin forks could end up not being real, but as far as we know at this point, they are real[see notes below for specifics on each coin, so far Bitcoin Platinum is rumored to be fake]. In other words, over the next month or so (December January) there will potentially be as many as six Bitcoin forks.That means Bitcoin holders could get free coins six times (or if all turn out to be fake, zero times). Each fork occurs at a block number (AKA block height) . Thus, below we wi Continue reading >>

Cardano Wants To Beat Bitcoin And Ethereum By Starting From Scratch

Cardano Wants To Beat Bitcoin And Ethereum By Starting From Scratch

On Oct. 1, 2017, an unusual event caused a collective gasp in the world of cryptocurrencies. A little known cryptocurrency called Cardano or ADA, as its corresponding coin is called showed up on crypto-tracking sites with a market cap of about $600 million. At the time, it was unusual to see a new coin appear out of thin air with such a high market cap. But Cardano is different. It's an incredibly ambitious product with a strong team and tons of buzz. By year's end, the market cap of Cardano was more than $10 billion, despite the fact that the project was in a fairly early stage. In January, it briefly soared to more than $33 billion before receding back to roughly $10 billion as the overall cryptocurrency market shrunk. It is currently the sixth largest cryptocurrency by market cap, behind Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. SEE ALSO: After a monster run, Ethereum is the number two cryptocurrency again So what makes the cryptocurrency scene so bullish about Cardano? Cardano claims it will solve most of the issues that plague well-established cryptocurrencies such as Bitcoin and Ethereum. Bitcoin isn't flexible enough, and transactions on its network are currently slow and expensive due to protocol limitations and overwhelming demand. Ethereum is far more flexible, but as prominent Ethereum developer Vlad Zamfir recently put it it's not safe or scalable yet. But Cardano, at least so it claims, has very secure code, peer-reviewed by experts and scientists. It claims to be fast and scalable, thanks to its Ouroboros proof-of-stake technology. It's written in Haskell , a programming language that's typically used in critical systems in the banking and defense industries. It provides interoperability between existing cryptocurrencies. And finally, it offe Continue reading >>

Etherzero-one Of Its Kind, Ethereum Forking On 19th January 2018

Etherzero-one Of Its Kind, Ethereum Forking On 19th January 2018

EtherZero-ONE OF ITS KIND, Ethereum FORKING ON 19TH JANUARY 2018 Just like many Bitcoin Forks have occurred in the past, this year we are expecting a fork from Ethereum which will give birth to EtherZero. In the past, two other Ethereum forks have been announced. Both forks had troubles with their fork height which changes several times. The previous fork troubles caused many trading platforms to lose their trust in Ethereum fork. This time around we expects a totally different and outstanding performance form this upcoming fork. This fork will bring about etherzero (ETZ). I personally expect it to become the most successful Ethereum hard fork. Keep reading as I uncover the myths behind etherzero. Expected time of Occurrence 19th January 2018 (GMT) between 19:00 21:00 Quantity: It has a total supply of 116 million ETZ After the fork, each Ethereum distributes 1 ethereumzero New Increase: about 6 million ETZ per year Reserve: 20 million will be reserved for subsequent development Master node system firstly I will like you to understand what a node is. A node is an active electronic device that is attached to a network. A node is capable of creating, receiving or transmitting information over a communication channel. I will simply say a node is just a computer in a network that communicates with other computers in that same network. Master node is commonly found in the Dash ecosystem. A master node specializes in carrying out transactions such as instant send and PrivateSend, while the nodes do the mining that creates new coins. It has a Zero(0) transfer fee. it meets any requirement of DAPPs(decentralized application) development, arrangement and operation It has two layer network system with high scalability which allows DAPP to be used by mainstream people. There are Continue reading >>

Ethereum Fork: All You Need To Know! Part 1

Ethereum Fork: All You Need To Know! Part 1

There is a lot of hubbub in regards to Ethereums upcoming Fork (split) from its main Blockchain. Ethereum commands respect for providing a computing platform which is ideal for creating Smart Contracts. Its alleged upcoming Fork is not the first time such a thing has happened. We do believe, that a Fork in a Blockchain is necessary for future growth and for the cryptocurrency in question to become even better. We wait with eager excitement and a dash of worry for the next Fork on the Ethereum Platform. The Fork in question, is predicted to occur on an exact date (19th January 18). There are many naysayers who believe that it wont happen. Ether Zero, or so the new split shall be called ( if it does happen) has a long way to go to even earn a percentage of the fame and the users trust which Ethereum commands. Must Read: Kodak: Next on the Blockchain Every Fork occurs for a reason. The first time it happened on the Ethereum Blockchain, it was due to an attack! To know more about the attack, one needs to know and understand what DOA was, and how it was manipulated into stabbing the Ethereum Blockchain in the back. The DAO ( Decentralized Autonomous Organisation) codifies the rules and the decision making structure in an organization. It eliminates the need for documentation and the people that govern it by creating a structure with decentralized control. A group of people that write the smart contracts (programs) which will run the said organization. There is an initial funding period, in which people add funds to the DAO by purchasing tokens that represent ownership aka Initial Coin Offering (ICO) to give it the resources it needs. When the funding period is over, the DAO begins to operate. People can then make proposals to the DAO on how to spend the money, and the membe Continue reading >>

Ethereum - Wikipedia

Ethereum - Wikipedia

This article has multiple issues. Please help improve it or discuss these issues on the talk page . This article relies too much on references to primary sources . Please improve this by adding secondary or tertiary sources . Some of this article's listed sources may not be reliable . Please help this article by looking for better, more reliable sources. Unreliable citations may be challenged or deleted. The Ethereum Project's logo, first used in 2014 Ethereum is an open-source , public, blockchain -based distributed computing platform featuring smart contract (scripting) functionality. [2] It provides a decentralized Turing-complete virtual machine , the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. [3] "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network. [2] [4] Ethereum was proposed in late 2013 by Vitalik Buterin , a cryptocurrency researcher and programmer. Development was funded by an online crowdsale between July and August 2014. [5] The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale. [6] This accounts for approximately 13 percent of the total circulating supply. In 2016, as a result of the collapse of The DAO project, Ethereum was forked into two separate blockchains - the new forked version became Ethereum (ETH), and the original continued as Ethereum Classic (ETC). [7] [8] [9] Ethereum was initially described in a white paper by Vitalik Buterin , [10] a programmer involved with Bitcoin Magazine , in late 2013 with a goal of buildin Continue reading >>

Q4 Roundup - Ethereum Blog

Q4 Roundup - Ethereum Blog

Ethereum has grown very rapidly in the last few months. Transaction volume on the blockchain has more than doubled , surpassing 10 transactions per second for days at a time. The number of new accounts created per day passed 100,000 , and the number of nodes has increased despite rising system requirements. As attention and interest in the blockchain space as a whole continues to hit new highs, we are entering a new phase in the industrys growth: the phase where we are finally going from experiments and tests to real, live applications. A Casper proof of stake testnet based on pyethereum has been released. Various simplifications to the algorithm, including the reduction to one message type, have been finalized (also updated the accountable safety proof in Isabelle). The Casper FFG basics paper has been released. See presentations (i) and (ii) from Karl Floersch on Casper FFG, and (iii) from Jon Choi on cryptoeconomics; see also this explainer of Casper by Jon Choi. A specification of version 1 of sharding has been released: . Development of the sharding client has moved from pyethereum to py-evm . All of the different components, including account abstraction , the new transaction format , access list restrictions, the binary trie , and the shard watching and validating algorithm, are in the process of being developed. See presentation from Hsiao-Wwei Wang on sharding. Sharding implementation is underway in the sharding branch . JSON-RPC server implementation underway . Light Client development continues. You can now run a minimalistic light node . We merged 12 EIPs since the last roundup. We received a contribution from Sidney Amani and his colleagues at Data61 that reduces the number of reasoning steps in EVM code verification. Fixed a bug in Bamboo related to JSON Continue reading >>

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