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5 Fast Facts On Ether, The Ethereum Token That's Up 900% This Year - Coindesk

5 Fast Facts On Ether, The Ethereum Token That's Up 900% This Year - Coindesk

5 Fast Facts on Ether, The Ethereum Token That's Up 900% This Year Bitcoin isn't the only cryptocurrency that's trading at all-time highs. Lost a bit in the mainstream spotlight has been ether , thecryptographic token that powers of the ethereum blockchain . But, when compared to bitcoin's nearly 50% surge in value since the start of the year, ethereum's 900% climb is worth examining in context. From roughly $8 on 1st January to an all-time high of $82 this week, ether has comea long way since its began trading in 2015. Here are 5 things newcomers may benefit from knowing about the market. Since early 2016, ether has been the second-largest market cap of any cryptocurrency, managing to outshine more tenured alternative asset protocols such as litecoin and ripple, according to CoinMarketCap data. This sharp increase has taken place as the broader cryptocurrency space has attracted significant capital inflows, rising almost $7bn in value in Q1 2017. During this time frame, the price of ether returned more than 500%. When examined over a broader time frame, cryptocurrency's price gains have been even more impressive, as ether has appreciated more than 2,800% since it 2015. Ether's trading volume has fluctuated quite a bit during itshistory. Trading activity for this digital asset was very modest at times, with 24-hour trading volume falling below $100,000 in some cases. At other times, this activity surged, with 24-hour volume nearing $600m in March. Overall, however, the market has seen a gradual upward trending, withvolume picking up notably in March and April. What does search interest have to do with price? As CoinDesk contributor Willy Woo has put forward quite a bit given that most traders and buyers Google the price first. (Woo has even described a whole strategy a Continue reading >>

Ethereum Price Can Reach $2,000 If This Happens

Ethereum Price Can Reach $2,000 If This Happens

Ethereum Price Can Reach $2,000 If This Happens When Ether reaches a price of $2,000, we are looking at a market capitalization of around $188 bln. When Ether reaches a price of $2,000 , we are looking at a market capitalization of around $188 bln. Although this is significantly higher than today, an eight-time increase, it is still relatively small if we compare it to the market capitalization of a company like Facebook, $492 bln. Cointelegraph attempts to analyze what events need to occur in order for Ether to break this mark . Currently, the Ethereum network is limited to around 20 transactions per second. This is twice as much as Bitcoin can handle. However, if we are looking at a future where Ethereum is used as a daily form of payment , this isnt enough. The Raiden Network is aiming to solve this problem. Its developers are building an off-chain solution for Ethereum payments which scales linearly with the number of participants. The network could in the future handle over 1,000,000 transactions per second. Additionally, it will allow decreasing transaction cost by seven orders of magnitude, making true micro-transactions on Ethereum a reality. Ether becomes easier to acquire and spend So far there are around 60 active cryptocurrency exchanges. This number is growing every single month as digital assets become more and more attractive. However, the average American is not comfortable with buy and sell limits and trading charts. Therefore, new alternatives need to arise that allow the crowd to acquire Ether. Companies like Dether are working on platforms that allow interested parties to purchase Ether directly with cash. This is definitely a big step in the right direction. At the time Im writing this article, the market capitalization of all cryptocurrencies comb Continue reading >>

Ethereum Mining Is Profitable, But Not For Long

Ethereum Mining Is Profitable, But Not For Long

Ethereum mining is profitable, but not for long Venture Capital | Investment Analysis | Deal sourcing + Execution. Previously founded and exited a profitable tech company in India You can also reach me at @shekhartee You can create a community post just like Shekhar here . This is a constant question, especially now that the price of Ethereum is rising. This year, Ethereum has seen an almost 20x jump in price. This increase has led people, who hadnt considered cryptocurrency, to sit down and become suddenly extremely interested. When this happens, I believe that most of the biggest profits have already been made. People have been mining the coin for months or years, and they have probably seen some tremendous gains, especially if they have a decent-sized operation. OK, lets get back to the question: Is it worth it to start mining? If you are just hearing about Ethereum and interested in maybe jumping onboard, this can be a very difficult question and the answer depends on a lot of factors. Well, hopefully, this article will help you get an idea of whether it is good to mine Ethereum. In elementary terms, Ethereum is an open software platform based on the blockchain technology that enables developers to build and deploy decentralized applications. I remember a friend once came up to me and asked, Is bitcoin and Ethereumsimilar? Well, sort of, but not really. Like bitcoin, Ethereum is a distributed public blockchain network. There are, of course, some significant technical differences, but the most important is that they differ substantially in purpose and capability. Bitcoin offers one application a peer-to-peer electronic cash system that enables bitcoin payments. The Ethereum blockchain can support many different types of decentralized applications. Wait, if it is a n Continue reading >>

What Is Ether?

What Is Ether?

Ether is a necessary element a fuel for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources). If you just want to test the technology, you probably don't need real ether. Download the latest Wallet app and switch to the Test Network Check your ether presale balance safely here: The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale. The results were roughly: 60 million ether created to contributors of the presale 12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation 5 ethers are created every block (roughly 15 seconds) to the miner of the block 2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasn't included (called uncle/aunt reward) Note that after the Byzantium update is implemented, the mining and uncle reward is reduced to 3 ethers and 0.625-2.625 ethers, respectively. No. According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year (this number equals 25% of the initial supply). This means that while the absolute issuance is fixed, the relative inflation is decreased every year. In theory, if this issuance was kept indefinitely then at some point the rate of new tokens created every year would reach the average amount lost yearly (by misuse, accidental key Continue reading >>

How Many Eth Coins Will Exist In Total : Cryptocurrency

How Many Eth Coins Will Exist In Total : Cryptocurrency

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How Many Bitcoins Are Left?

How Many Bitcoins Are Left?

There are 21 million Bitcoins total of which almost 17 million are in circulation. There are a little over 4 million bitcoins left that are not in circulation yet. What determines how many bitcoins are left? The Bitcoin source code determines how many bitcoins are left. The remaining Bitcoins not in circulation are released to miners as a reward for maintaining the integrity of the network. There are currently close to 4.3 million Bitcoins left that arent in circulation yet. With only 21 million Bitcoins that will ever exist, this means that there are about 16.7 million Bitcoins currently available. Out of those 16.7 million, its estimated that 30% of those may be lost forever as a result of things like hard drive crashes and misplaced private keys. What determines how many Bitcoins are left? The remaining Bitcoins not in circulation are in a pool dedicated to rewarding miners for maintaining the integrity of the network. As miners validate transactions and create new blocks, they receive the remaining Bitcoins from this pool as a reward. The Bitcoin source code outlines how the mining rewards should be distributed and when these distributions occur. The reward for mining each block started at 50 Bitcoins and has since halved twice. The current reward sits at 12.5 Bitcoins per block. The mining reward halving occurs every 210,000 blocks. With blocks taking about 10 minutes on average to mine, halvings occur about every 4 years. After 64 total halvings, there will be no more Bitcoins left to reward miners and all 21 million Bitcoins will be in circulation. This will occur sometime in 2140. You may be wondering, Without block rewards, what incentive do miners have to validate transactions? Miners receive more than just the block rewards when they create new blocks. They Continue reading >>

How Rich Are The Founders Of Ripple And Ethereum?

How Rich Are The Founders Of Ripple And Ethereum?

How Rich Are the Founders of Ripple and Ethereum? Ethereum cofounder Vitalik Buterin. (Image: Getty) Today marks two records in the altcoin world: Ethereums per-coin value broke $1,000, and the rising value of Ripple supposedly boosted its co-founder Chris Larsen to an estimated net worth of $59.9 billion. Despite a very real speculation bubble around cryptocurrency, these financial gains are mostly on paper, and the two coins couldnt be more different. Unlike the recently cratering Bitcoin, which cant decide if its a currency or a store of value, Ethereum bills itself as a blockchain app platform where transactions are used to pay for decentralized computing power. (The most visible of these apps so far has involved the breeding and trading of digital cats .) Despite its intentions, the coins skyrocketing value has much less to do with enabling trustless apps than the sort of wild speculation that drove a nearly 20x increase in bitcoin over last year. Ripple is significantly less public-facing. Its core proposal is to facilitate fast, cheap transactions, mainly between banks, through a separate but related entity called Ripple Connect. The Ripple coin (XRP) exists independently in the hopes that banks will someday use it via Ripple Connect. It cant be mined as other currencies can, and its worth per coindespite holding the second largest market cap behind bitcoinhas yet to top $4. The stark differences dont end there. Larsen, a man in his late 50s, has a background in financial startups, and Ripples other now-departed cofounder Jed McCaleb is known for p2p software like eDonkey as well as being the original owner of Bitcoin exchange Mt. Gox. Ethereums cofounder Vitalik Buterin is only 23 years old, and dropped out of college after receiving a Thiel Fellowship. More ge 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 >>

How Is Ethereum Different From Bitcoin?

How Is Ethereum Different From Bitcoin?

{{article.article.images.featured.caption}} Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. Subscribe Answer by Samantha Radocchia , Emerging Technologies Entrepreneur and Scholar, on Quora : The Primary Difference Between Ethereum And Bitcoin: A Beginners Guide Todays hype surrounding Bitcoin, Ethereum, cryptocurrency, and blockchain technologies rivals the dot-com bubble in the 90s. There is a lot of money pouring into this space, and it doesnt seem to be slowing down anytime soon. Unfortunately, while the masses may be able to say, Yeah, Ive heard of Bitcoin, a large percentage of people still arent quite sure what it isand are even more confused about Ethereum. If youre even remotely interested in this space, consider this your beginners guide. The easiest way to define Bitcoin is to call it a digital dollar. Thats really all it isminus all the formal regulations that come with a bank (which is what makes it such a disruptive concept). Its not a technology. Its not a company. Its your money, held in a digital form. Anyone can create an account to buy and sell Bitcoin through websites like Coinbase. The price of Bitcoin then fluctuates based on supply and demand. However, now people are beginning to convert their Bitcoin into what are called tokens, which companies issue during an ICO, or Initial Coin Offering, which allows people to invest in a company by purchasing tokens with their Bitcoin. Based on the supply and demand of those tokens, their price (just like a share of stock after a company holds an Initial Public Offering, otherwise known as an IPO) goes up Continue reading >>

Ico 101: How To Participate In An Ico Made Withethereum

Ico 101: How To Participate In An Ico Made Withethereum

ICO 101: how to participate in an ICO made withEthereum Theres a lot of hype around cryptocurrencies and ICOs as it continues to grow exponentially every day, even experts couldnt predict where it is today. Quite a few of them seem attractive, but imagine I didnt know anything about cryptocurrency, wallets, and ethereum. I mean, nothing at all. I will participate in the ICO of a mobile MMORPG called Lordmancer II (their site is lordmancer2.io . My goal was to get familiar with the whole idea of an ICO, go through all the steps, and have some fun in the process. For the purpose of this article the exact ICO doesnt matter, the process will be the same for any. Lets take this article as a general tutorial. Let me remind you what an ICO is. The acronym stands for Initial Coin Offering, a mock-up of Initial Public Offering. Nowadays, any startup can issue its own currency, usually called tokens or coins, using blockchain technology. These tokens may be bought, sold, or exchanged for another cryptocurrency, such as Bitcoin, Ether, or for fiat (read: normal) currencies. The main goals for the issuer of the tokens or coins is to fund their project development, marketing, and help increase demand, which will then increase the value of the tokens. The final goal of the individuals who purchase tokens is to use them to exchange/buy/sell individual goods and items, or do what most people do and wait until their price has skyrocketed and then sell them for a HUGE PROFIT.Hopefully. There are various business models designed to make the tokens more valuable with time. As for Lordmancer II , the price for their tokens will continue to grow because there will be always be an increase in demand for tokens from their players, and theres a limited amount of tokens. Besides that, they also Continue reading >>

The Current State Of Bitcoin And Ethereum

The Current State Of Bitcoin And Ethereum

The current state of Bitcoin and Ethereum While Bitcoin currently bears more resemblance to digital gold than digital cash with its congested pending transactions log rendering it practically useless as a currency since the cancelled fork two weeks ago the Ethereum network is looking healthier than ever and in a good position to come out of the ongoing currency war successful. Bitcoin has been dominating both crypto and mainstream news lately, even more so than usual, with mad volatility due to its continuous fork drama and rumours of free money for anyone holding it. Bitcoin breaking new all-time highs almost on a daily basis certainly doesnt do anything to decrease the attention. With this one-sided media coverage, its no wonder no one outside the small crypto community knows that Ethereum is regularly handling around twice the daily transactions of Bitcoin, and more than most other leading cryptos combined , that Ethereums transfers are extremely fast compared to Bitcoins, or that its median transaction fees are nearly 59 times cheaper . Some Bitcoin maximalists are calling the high transaction fees a feature. Some also say that the fact that BTC collects $1.5 million a day in fees, against ETHs measly $200,000, is a clear indicator of real world value as it shows that people are willing to spend more money to get onto the BTC blockchain. However, there is a difference in being willing to spend more money and being forced to. Lately, Bitcoin has lived up to its name as a great store of value, although not for the right reasons. Since the cancellation of Segwit2x, people have simply been unable to move their funds in or out. With a ridiculous number of transactions constantly waiting to be mined, you better be prepared to pay up if you want to get your transaction th Continue reading >>

What Is Ether?

What Is Ether?

Ether is a necessary element a fuel for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources). If you just want to test the technology, you probably don't need real ether. Download the latest Wallet app and switch to the Test Network Check your ether presale balance safely here: The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale. The results were roughly: 60 million ether created to contributors of the presale 12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation 5 ethers are created every block (roughly 15 seconds) to the miner of the block 2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasn't included (called uncle/aunt reward) Note that after the Byzantium update is implemented, the mining and uncle reward is reduced to 3 ethers and 0.625-2.625 ethers, respectively. No. According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year (this number equals 25% of the initial supply). This means that while the absolute issuance is fixed, the relative inflation is decreased every year. In theory if this issuance was kept indefinitely then at some point the rate of new tokens created every year would reach the average amount lost yearly (by misuse, accidental key Continue reading >>

How Many Different Kinds Of Digital Currencies Are There? Cryptocurrency, Bitcoin, Ethereum | Benzinga

How Many Different Kinds Of Digital Currencies Are There? Cryptocurrency, Bitcoin, Ethereum | Benzinga

Related Link: Does Bitcoin Actually Hold Any Value At All? At the top of the list is, of course, bitcoin, with a market cap of $55 billion. Ethereum is a distant second with a market cap of $25 billion, but there are seven other cryptocurrencies with market caps over a billion. The currencies include Ripple ($6.8 billion), Bitcoin Cash ($5.1 billion), Litecoin ($2.3 billion), NEM ($2.3 billion), Dash ($1.4 billion), Ethereum Classic ($1.4 billion) and IOTA ($1.3 billion). Here's an overview of the different cryptocurrencies: Bitcoin started the global phenomenon and is known for its innovative blockchain technology created and released by Satoshi Kakamoto back in 2009. 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 when bitcoin split on Aug. 1 after bitcoin owners failed to agree on the best approach to grow the cryptocurrencys global presence. Litecoin was originally created as by Google employee Charles Lee in 2011 to serve as an alternative to bitcoin and shares many of the same traits as its inspiration. NEM is a Japanese cryptocurrency that is known for its proof-of-importance algorithm, multisignature accounts and encrypted messaging. Dash is the new name of Darkcoin, a favorite among dark web users, and is known for its speed and anonymity. Ethereum Classic was created as a result of a split in the Ethereum market after a small minority of investors objected to changing Ethereums code following a 2016 cyberattack in which hackers made off with $60 million in ether. IOTA is a Continue reading >>

How Will Ethereum Scale?

How Will Ethereum Scale?

Like other public blockchains, ethereumintends to support as many users as it can. The problem is that, today, we don't really know the limits of theplatform. Because of a hard-coded limit on computation per block, the ethereum blockchain currently supports roughly 15 transactions per second compared to, say, the 45,000 processed by Visa. This limitation of ethereum and other blockchain systems has long been the subject of discussion by developers and academics. While ethereum developers might like to highlight how the flexible smart contract platform differs from bitcoin, for example, it isn't unique in regards to scalability. As disappointing as that might sound, there's hope in proposed solutions that havent made it into the official software yet. Ethereum and bitcoin use a combination of technical tricks and incentives to ensure that they accurately record who owns what without a central authority. The problem is, its tricky to preserve this balance while also growing the number of users (especially to the point where average people can use the system to purchase coffee or run applications). That's because ethereum depends on a network of 'nodes', each of which stores the entire ethereum transaction history and the current 'state'of account balances, contracts and storage. This is obviously a cumbersome task, especially since the total number of transactions is increasing approximately every 1012 seconds with each new block. The worry is that, if developers raise the size of each block to fit more transactions, the data that a node will need to store will grow larger effectively kicking people off the network. If each node grows large enough, only a few large companies will have the resources to run them. Despite the inconvenience, running a full node is the best w Continue reading >>

How Many Ethereum Are There And What It Means For Value?

How Many Ethereum Are There And What It Means For Value?

How Many Ethereum are there and What it Means For Value? For the people asking how many Ethereum are there, here is your answer. Most people make a fatal mistake when trying to calculate market cap and value of an underlying. The number break down for crypto assets can be deceiving if you dont understand it. For example, Status (SNT) trades currently around 7 cents and people may think it is a penny stock. But if you look deeper into the supply and volumes you see a completely different story. Status trades about $20-$30 million dollars in value a day and has a supply of 6.8 billion tokens. The larger the supply of tokens, the less the price in most cases. The price of Ethereum is determined by supply and demand. A simple base concept you may or may not have learned in school. If it had a supply of 6.8 billion tokens like status then it would trade at a significantly lower value due to less demand. If you think about how assets trade you understand that they have a skew to go up. As value grows over time so does the price. Now dont think that it will be a smooth and steady rise up. Things happen in cycles so you will have significant overvalued conditions followed by discounted prices.only to get back to the equilibrium of value. The adventure is in the fact that crypto is still young in comparison to how the internet was when it started. The networks of decentralization are growing and it will continue. Currently, Ethereum has been hitting volumes close to $1 billion or over each day. I find this interesting because when I first started with Ethereum in April volumes seemed to only be hitting around $250 million on a good day. It represents a near 4 times in volume increase over the course of months. As a wise man by the name of Warren Buffet once said, our favorite h Continue reading >>

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