I Was Wrong About Ethereum Because Its Such A Good Store Of Value No Wait, Let Me Tryagain.
Crypto OG. Talks about Bitcoin and sometimes other cryptocurrencies. I was wrong about Ethereum because its such a good store of value no wait, let me tryagain. I was wrong about Ethereum because its such a decentra nope. I was wrong about Ethereum because everyone is using it as a supercomputer No. I do admit I didnt see this Ethereum bubblecoming But, then again I wrongly assumed that no startup would need or even dare to ask $50 million in funding. I also wrongly assumed that people would use common sense and that leading developers would speak out against this sort of practice. Quite the opposite it seems. Ethereums sole use case at the moment is ICOs and token creation. Greed from speculators, investors and developers. So lets think for a minute and think what determines the price? Supply + demand. Pretty straightforward. The tokens that are available on the market, right? But with every ICO there are more tokens that are being locked up. Obviously the projects will liquidate some, to get fiat to pay for development of their project, but they also see the rising price of Ethereum. So at that point greed takes over and they think, totally understandable, We should probably just cash out what we really need and keep the rest in ETH, thats only going up anyway it seems. And obviously there are new coins being mined, but if you look at the amount of ETH these ICOs raise, at this point, its just a drop in a bucket. You have the normal investors (who are already very late to the game at this point as usual), but the buy pressure that these ICOs are creating is crazy and scary. Take TenX for example, its an upcoming ICO at the end of the month. The cap is 200,000 ETH (at current ETH price of $370) thats $74,000,000 for a startup. Heres the best part: its only 51% of the Continue reading >>
About The Ethereum Foundation
The Ethereum Foundations mission is to promote and support Ethereum platform and base layer research, development and education to bring decentralized protocols and tools to the world that empower developers to produce next generation decentralized applications (dapps), and together build a more globally accessible, more free and more trustworthy Internet. An alumna of Massachusetts Institute of Technology, where she studied Computer Science and Media Arts & Sciences, Ming has a background in enterprise IT and management consulting projects, founding and growing businesses, and working with top educators, scientists, and inventors to bring inspiring research innovation to life. Her interests and work include legal and regulatory matters related to blockchain technology. Vitalik is the creator of Ethereum. He first discovered blockchain and cryptocurrency technologies through Bitcoin in 2011, and was immediately excited by the technology and its potential. He cofounded Bitcoin Magazine in September 2011, and after two and a half years looking at what the existing blockchain technology and applications had to offer, wrote the Ethereum white paper in November 2013. He now leads Ethereum's research team, working on future versions of the Ethereum protocol. Jeff is one of the founders of Ethereum. He started the first implementation of Ethereum using the Go programming language in 2013 and has been the Go team lead and head developer ever since. The Go client launched successfully on July 30, 2015, marking the release of the genesis block and Ethereum platform. Ethereum has been made possible thanks to many more people than would be possible to list here. A more comprehensive short history of ethereum, read this blog post by Taylor Gerring . Help write this story at the his Continue reading >>
Andrew Keys: Ethereum Has 30 Times More Devs Than The Next Blockchain Community
Andrew Keys: Ethereum Has 30 Times More Devs than the Next Blockchain Community An interview with the ConsenSys Capital Co-Founder on the state of blockchain After meeting Joe Lubin at the first ever Ethereum Meetup, Andrew Keys was the first business hire at ConsenSys in 2014. His first endeavor, ConsenSys Enterprise, was amongst the first initiatives to ever connect the dots of blockchain and business. After launching the blockbuster Enterprise Ethereum Alliance that signaled the zeitgeist to massive worldwide interest in Ethereum, Keys has spent the majority of 2017 traveling to all corners of the globe, connecting the dots between blockchain, government, central banks, and enterprise and hes done most of it while wearing flip flops. As he switches gears to focus on a new venture of equally grand scope, ConsenSys Capital, we spoke with Andrew Keys about the state of blockchain in 2018, the role of centralized organizations in the decentralized revolution, and what to tell your friends and family who have recently developed an interest in digital assets. Andrew Keys speaking at Factory Berlin in December, 2017 What excites you most about blockchain technology right now? The developer community is exploding. I see it everywhere I go. The sheer amount of people at Devcon this year was amazing. We have reports from a large analyst firm that suggest the Ethereum community has 30 times more developers than the next blockchain community. Just the fact that youre seeing that type of developer adoption is imperative. If you go back through history, whoever has the developers tends to succeed. Its different in this instance because its an open source protocol that people are building applications upon, and a global community can build together on it collaboratively. The other Continue reading >>
Hire Senior Freelance Ethereum Developers On Codementorx - Dec 2017
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 >>
How Many Developers Are Working On Bitcoin Vs Alt Coins?
How many developers are working on bitcoin vs alt coins? The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future. Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Quote from: bhodson on December 25, 2015, 01:59:13 PM Is there any way to track this? Anyone have any ideas? Well it's easy as going into the official webpage and comparing the list of developers there vs other alts. Im pretty sure Bitcoin has the most developers involved on any coin. Bitcoin probably has more developers than any one altcoin. However, there are probably more altcoin developers than there are Bitcoin developers. There are literally thousands of altcoins, and each one needs a developer. Some (many) share the same developers, but there are still probably a lot more than Bitcoin. I disagree with those who say that Bitcoin developers are more then "one" altcoin developers , this list is not updated for sure since Gavin is there and we all know that he left , and those are people who contributed so it can be over the years and they are not actual developers , and as far as I know , there is only five people or something on the Core team ? If it's the case then Stellar for example have more then that . Quote from: OmegaStarScream on December 25, 2015, 04:28:59 PM I disagree with those who say that Bitcoin developers are more then "one" altcoin developers , this list is not updated for sure since Gavin is there and we all know that he left , and those are people who contributed so it can be over the years and they are Continue reading >>
Augur Founder: Not Enough Developers Are Working On Ethereum Scaling & Development
Augur Founder: Not Enough Developers are Working on Ethereum Scaling & Development Joey Krug, the founder of Augur, the decentralized prediction market build on top of the Ethereum protocol, believes there is a shortage of talented developers working on Ethereum scaling solutions. In September, Ethereum co-founder Vitalik Buterin noted the lack of incentives for core developers working on improving the Ethereum blockchain network and fixing scalability issues. To contribute to the open-source development of Ethereum, Buterin vowed to allocate all of his advisor shares earned from projects including OmiseGo to fund open-source projects which are working on providing scaling solutions for the network . Im announcing that 100% of my @omise_go + @kybernetwork *advisor shares* will be either (i) donated to charity (AMF, GiveD, SENS etc) or Vitalik Buterin (@VitalikButerin) September 22, 2017 Still, as Buterin emphasized in a previous interview with South Korean finance publication Joong Ang, effective scaling of the Ethereum network to power decentralized applications with millions of active users is expected to take at least two to five years of development, depending on input from developers. Krug shares a similar belief to Buterin, firmly believing that simply not enough developers arefocused on improving the Ethereum, tweeting that the network would be vastly improved if there were more developers working to address issues including scaling : #Ethereum really needs more developers on problems like sharding, proof of stake, and plasma, right now there simply arent enough Most of the core development work on Ethereum so far has been funded by the Ethereum Foundation, led by some of Ethereums early founders including Buterin. However, as the Ethereum Foundation is also ope Continue reading >>
Charlie Lee: Hard Work Of Bitcoin Developers Directly Benefits Litecoin
Charlie Lee: Hard Work of Bitcoin Developers Directly Benefits Litecoin Most innovative works done by Bitcoin developers and projects directly benefit Litecoin given the structural similarities between Bitcoin and Litecoin. According to Charlie Lee, the creator of Litecoin and former executive at Coinbase, most innovative works done by Bitcoin developers and projects directly benefit Litecoin given the structural similarities between Bitcoin and Litecoin. Every Bitcoin developer also works on Litecoin. Absolutely nothing they can do about that. If you don't like that Litecoin piggybacks off of Bitcoin developers' hard work, it is because you care more about Bitcoin making you rich than crypto changing the world. The statement of Lee was released after significant progress has been made with the Confidential Transactions solution. On the Bitcoin Mailing List, Bitcoin Core Developer Greg Maxwell revealed a breakthrough with the solution, which has decreased the size of Confidential Transactions from 16x the normal size to 3x. Maxwell added that the reduction in the size of Confidential Transactions maximizes the applicability of the solution, improving privacy measures of the Bitcoin Blockchain network. Maxwell said : This work also allows arbitrarily complex conditions to be proven in the values, not just simple ranges, with proofs logarithmic in the size of the arithmetic circuit representing the conditions being proved--and still with no trusted setup. As a result, it potentially opens up many other interesting applications as well. Confidential transactions also applicable with Litecoin Like Lightning and SegWit , Confidential Transactions is a solution that is applicable to Litecoin, given its structure that is nearly identical with Bitcoin. Hence, after Bitcoins in Continue reading >>
Microsoft Adds Ethereum To Windows Platform For Over 3 Million Developers - Coindesk
Microsoft Adds Ethereum to Windows Platform For Over 3 Million Developers Millions of Microsoft developers are now able to build decentralized applications using the Ethereum blockchain thanks to a collaboration between the software giant and ConsenSys, announced today. By building Ethereums Solidity programming language for writing smart contracts directly into Mircosofts Visual Studio platform, developers will be able to build, test and deploy decentralized applications, or dapps , within an integrated environment they already know how to use. But don't think this is a money play for either ConsenSys, or Microsoft, at least not yet. In a conversation with CoinDesk, CEO of ConsenSys, Joe Lubin said that growing the number of developers using the distributed ledger technology was first and foremost about reimagining social, economic and political systems. Lubin, who is also the co-founder of Ethereum told CoinDesk: "Its in our best interest, and in our mission, to help with the adoption of Ethereum in all its different forms public, private, consortium and this just makes that that much easier." The ConsenSys integration with Microsoft uses smart contract programming language Solidity to let developers run programs on the Ethereum network, also called the Ethereum Virtual Machine (EVM). Announced today at Microsofts Build Conference in San Francisco, the new functionality was scheduled to go live this morning at 10am EST. With Ethereums Solidity language, developers will be able to write applications using self-enforcing smart contracts that can theoretically execute as wide a range of business transactions as the coder can imagine. Ethereum's cryptocurrency, ether, powers the applications, and is currently valued at about $11.60, with a market cap of over $900m.By com Continue reading >>
The Insanity And Brilliance At Ethereums Developer Conference
Thoughts on code, business, and the future of the world The Insanity and Brilliance at Ethereums Developer Conference Its 4am and Im sitting in a hotel room in Shanghai, China. The second ever Ethereum developers conference is set to kick off in a few hours. The time-zone shift woke me up early, and Im sitting in my bed playing with my newly modded phone. The Chinese government censors most large American mobile apps behind something colloquially referred to as The Great Firewall so you need to use all of these shoddily made, Chinese government approved, replacement apps instead. The preferred app for messaging is an app called WeChat, a bizarre Slack / Venmo / Tinder hybrid that 800 million people use to communicate every day. We have a group chatroom for the conference going, which Im scrolling through when my phone buzzes. Someone posted a new message. The Ethereum network is under attack. Ethereum is this insane thing going on in the tech world right now. Its a new cryptocurrency that is picking up the pieces of the fractured Bitcoin ecosystem and trying to succeed in accomplishing what Bitcoin has failed to do, deliver the first batch of successful consumer applications built on top of blockchain technology. You can think of Bitcoin a bit like a shared google doc spreadsheet that anyone in the world can send data to, one global ledger of accounts and balances. Ethereum builds on this idea by providing a mechanism for users to add custom formulas into the cells. Anyone who has done any kind of Microsoft Excel programming knows how powerful spreadsheets can become with just a few simple formulas. Ethereum is the first working implementation of programmable money, a simple concept that may one day bring the entire global financial system to its knees. And it draws br Continue reading >>
Ethereum Developers Archives - Blockchain Developers, Inc.
Ethereum has pole position in the race toward a Blockchain standard. So how do you hire Ethereum developers? If youre a human resources officer, startup founder, CTO, or business division executive whose been in the technology game for a while, youve almost certainly become adept at hiring software developers. You might have a large LinkedIn network. You might be accustomed to searching competitors movements on angel.co . You might even be an old hand at sifting through Github repositories. There is a constellation of different kinds of software developers out thereand you know how to tell the good ones from the bad ones. But there are software developersand there are Ethereum developers. Ethereum has pole position in the race towards a Blockchain standard. But just a few years have slipped by since Vitalik Buterin plunked out his seminal white paper in 2013, and in the interim, just a fraction of the 18.5 million software developers worldwide know how to develop on the Ethereum platform. If you want to know how to hire Ethereum developers, you first may just want to understand what makes Ethereum development so unique. And why its so critical to find Ethereum developers with a few very strong characteristics. Your lead Ethereum engineer makesor breaksyour business, so you cant afford to get this wrong. Last months evolution is already todays dinosaur. Thats part of the excitement. To keep up, an Ethereum developer needs to be a so-called Super-Learner someone who reads voraciously and can master new concepts faster than the average software developer. 1. Ethereum Developers must be Super-Learners Ethereum is a baby in the tech development world. As such, the possibilities it presents are growing and changing quickly. First Ethereum out-did Bitcoin by creating a more c Continue reading >>
Ethereum Developers Are Working On Autonomous, Scalable Smart Contracts
Ethereum Developers Are Working on Autonomous, Scalable Smart Contracts Ethereum Developers Are Working on Autonomous, Scalable Smart Contracts Smart contracts are a fascinating piece of technology. Not only can they be used to perform functions automatically, they also create new business models such as cryptocurrency ICOs. At present, though, the technology is anything but scalable or autonomous. However, Vitalik Buterin and Joseph Poon may have come up with a solution to this problem, with a platform known as Plasma. Could Smart Contracts Become Scalable and Autonomous? We have seen different use cases for smart contract technology in itscurrent form. Cryptocurrency ICOs are a main use case for this technology, although Ethereum technology is about so much more than just that. Highlighting what else these smart contracts are capable of has proven a challenge so far. This is mainly due to the issues which arise when scaling this technology or making it autonomous. If it wereup to Vitalik Buterin and Joseph Poon, that situation will change very soon. Theyhave come up with an idea to introduce scalable and autonomous smart contracts to the world. Theirproject is known as Plasma, and serves as a proposed framework for enforced and incentivized execution of smart contracts. The end goal is forthis technology to be scalable to a significant amount of state updates per second. In a perfect world, that number of updates would somedayreach the 10-digit mark. It is due time we started to look well beyond financial applications for smart contract technology. Right now, virtually all thatrevolves around this particular technology hasfinancial implications. While that is good to see, it can also hidethe true potential of smart contracts. Forcing ashift to occur will require a lo Continue reading >>
11 Best Freelance Ethereum Developers For Hire In March 2018 - Toptal
Lester Coleman, Bitcoin Price Surge Leads to Electricity Consumption Spike: Blog Questions Environmental Impact , November 2017 The massive energy use of blockchains using proof-of-work for reaching consensus was one of the motivators for the plan to move Ethereum towards another algorithm: proof-of-stake. While that resolution would be bright for the worlds ecology , the algorithm planned for the official release of Ethereum v1.0, called Ethash, is still an extension of its original proof-of-work algorithm . Proof-of-stake, on the other hand, is planned for Ethereum v1.1. In the proof-of-stake method of achieving consensus, the next node to mine a block is chosen based on randomness and the size of a miners stake. In effect, the next miner could be any node in the system, but the ones holding more coins are more likely to win. There are some modifications to that basic algorithm, like weighing in the age of the coin. But its been criticized as being less safe to the integrity of the network, because the nodes have less motivation to act honestly. To answer this, Buterin (Ethereums inventor, youll recall) suggested a punitive version of the proof-of-stake algorithm, called Slasher. If that would be put into place, any dishonest nodes would actually lose coins. Keep in mind that hiring is art and science both: Its not necessary for a developer to be able to answer every question perfectly. Whats important is to what degree a particular question applies to the specific job or project at hand. Now, for the purposes of this hiring guide, we will provide a short example of a smart contract, outlining some common structures used in Ethereum applications. The example is based on a sketch used in the Blockchain-IoT open-source project . The referenced smart contract is written Continue reading >>
The Case For Ethereum Maximalism
Ethereum is going to win it all, the markets just havent realized ityet I have opinions. You have opinions. Our opinions might not be the same. Thats ok. There is no need to tell me how stupid or evil I am. If you feel a visceral reaction to this blog post, you might explore the possibility that you hold a tribalist attachment to your cryptocurrency views and wonder whether this is really healthy or truth-tracking. So far, three cryptocurrenciesBitcoin, Ripple, and Ethereumhave hit a market cap of $100B. Notably, they all did so within three months of each other. These cryptocurrencies first hit market caps of $10B in 2013, 2017, and 2017, respectively. Bitcoin reached the $10B milestone almost four years before any other cryptocurrency, but the $100B milestone only three months before its competitors. At least by this one admittedly imperfect metric, Bitcoin is losing its lead. Bitcoin losing its lead makes sense to me. What doesnt make sense is that Bitcoin still has a lead at all and that it still has so many proponents. In terms of actual utility, Bitcoin is inferior in almost every way to several other cryptocurrencies, most dramatically Ethereum. I find myself inexorably drawn to a position not publicly articulated or even necessarily held by Ethereums founders and most active developersEthereum maximalism. My cryptocurrency portfolio is invested accordingly, and I dont need to justify my beliefs, but I am writing out my rationale for the benefit of friends and followers who are interested. Take it for what its worth. The economics of cryptocurrency competition My mental model of cryptocurrency competition is still the one Jerry Brito and I developed for our 2014 article on cryptocurrency in the New Palgrave Dictionary of Economics (heres an ungated version , rel Continue reading >>
Ethereum To Icos: You're Doing It Wrong - Coindesk
"Grotesque" might not be the word you'd think ethereum developers would ascribe to today's ICO scene. But that's exactly how some of the platform'sardent supporters described the current state of affairs. At Devcon3 in Cancun, Mexico, last week, developers were decidedly unenthusiastic when approached for thoughts about the new funding method, some going so far as to allege that many projects that use it to raise money are little more than "scams." Even Fabian Vogelstellar, the developer behind the technology standard that helped make ethereum tokens so easy to launch, was keen to join the ranks of ICO critics, echoing remarks made by a colorful cast of commentators as diverse as MIT Media Lab Director Joi Ito and the "Wolf of Wall Street" Jordan Belfort . "The problem right now is that too many people outside of the blockchain space focus on tokens and ICOs; frankly speaking, it's the least interesting part of ethereum." Yet,ethereum has seen meteoric growth this year, in part, due to the success of ICOs for open-source project and startup funding. Etherscan CEO and founder Matthew Tanwent sofar as to call ICOs ethereum's " killer app ," a statement that aligns with the more than 10,000 token projects launched to date 13 of which have eclipsed $100 million in total market value, according to Etherscan data . However, that path to capital still has a stigma. "Many [ICOs] seem like a cash grab from people who were unable to raise money from venture capitalists. In many cases, these are poorly thought out tokens predicated on centralized products," Jack du Rose,co-founder of ethereum startup Colony, said. It's an interesting take seeing how ICOs are typically touted as a means to circumvent traditional fundraising methods. But, du Rose's sentiments hint at a crucial crit Continue reading >>